beehiiv-import

⚡️Bitcoin Buzz Alert: Go Hard Or Go Home?

Croxroad

17 Aug 2023 — 3 min read

GM Dear Plebs!

Here is Crox Road, your daily dose of orange pill that will turn you into a Bitcoin Maxi.

The menu for today:

The Bitcoin space seems to be suddenly oozing a lot of questions this week after what seems like a nap, making your feet sweaty. You sure don't want to be left out in a bull run opportunity.

But what if we catch you up on the sudden and secret movements in the industry so you don't miss an opportunity? Saves you a breath right? Let's take a look at it.

Bitcoin's Bullish Surge:

Bitcoin topped $30K but was unable to sustain. After weeks of relative quietness and a complete lack of volatility, the market has finally awoken from its nap. Bitcoin's price has soared and is now challenging the important psychological and technical resistance level of $29,400

Bitcoin momentarily surpassed $30, 000, but buyers were unable to sustain the pressure, and bears were able to send the price down below it. See the chart below

Do you think there could be a take off from here?

**The total crypto market volume over the last 24 hours is $30.63B, which makes a 24.63% decrease.Bitcoin’s dominance is currently 48.83%, a decrease of 0.09% over the day.

1. Bitfinex Massive Hack Suspect: Couple Plead Guilty To Bitcoin Laundering

In the 2016 Bitfinex attack, a New York man admitted to being the initial bitcoin hacker and pled guilty in federal court to a conspiracy to launder the stolen money, which ended up being worth $4.5 billion.

Ilya "Dutch" Lichtenstein entered his guilty plea in Washington, D.C., before his wife, Heather Rhiannon Morgan, confessed guilty to money laundering conspiracy and plot to defraud the United States government.

Until Lichtenstein admitted in court, no one knew who had hacked the bitcoin from the cryptocurrency exchange Bitfinex.

2. BlackRock BTC ETF Approval Is A Matter Of "when, not if," $BLK Insiders Claim

BlackRock has filed for a bitcoin exchange-traded fund (ETF), which has helped drive bitcoin higher over the past two weeks.

3. Is PayPal Stablecoin An Unwise Move?

PayPal announced the launch of PayPal USD (PYUSD), a US-dollar-pegged stablecoin, which is another significant stride towards mainstream adoption of cryptocurrencies. But do you think it's what the crypto currency space needs right now amidst bitcoin's rally?