Weekly Crypto Roundup: Bitcoin, Do Kwon, Solana And More
By: Eliza Bennet
- Bitcoin Nears $98,000 Amid Mixed Market Signals: Bitcoin showed resilience, nearing the $98,000 mark despite significant sell-offs from old whale accounts. Analysts highlight the cryptocurrency's historic behavior and present metrics suggesting potential for future gains.
- Tether, TRON, and TRM Labs' $100 Million Asset Freeze: In an unprecedented move, these entities collaborated to freeze $100 million in criminally linked digital assets, demonstrating a significant private-public partnership against crypto crime.
- Solana's Impressive Gain Amid Market Rebound: Solana surged over 10% in a day, signifying strong performance amidst a market rebound, and faces crucial resistance at $210, potentially setting the stage for new highs.
- US Contemplates Bitcoin Amid Dollar Concerns: Discussions intensify around Bitcoin's role in the US economy, with debates on its feasibility as a national reserve amidst broader global economic considerations.
- Do Kwon Pleads Not Guilty in Terra Collapse Case: Co-founder of Terraform Labs, Do Kwon, enters a not guilty plea in New York amid charges linked to the TerraUSD collapse, marking a significant moment in crypto regulation.
- Bitcoin ETFs Experience Outflows Amid Market Adjustments: Significant outflows were recorded from Bitcoin and Ethereum ETFs as investors recalibrate portfolios, highlighting changing dynamics in the crypto investments landscape.
- Dogecoin Surges Amidst Whale Activity: Driven by increased whale activity and market optimism, Dogecoin sees a significant rise, with prospects of breaking key price levels if current trends continue.
