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What Will Happen to Bitcoin If the US Enters a Recession? According to an analyst, if there is a recession, it may not be favorable for #btc due to the risk-asset situation. However, it is worth noting that Bitcoin has shown some resistance against the negative sentiment surrounding the market since the beginning of the year. The leading cryptocurrency is currently trading below the $27,000 resistance level. Nevertheless, many investors still anticipate an upward trend in #Bitcoin . Part of this confidence in the future of the cryptocurrency stems from Cathie Wood's long-term price target of $1 million. #News #CryptoDailyDigest

What Will Happen to Bitcoin If the US Enters a Recession?

According to an analyst, if there is a recession, it may not be favorable for #btc due to the risk-asset situation. However, it is worth noting that Bitcoin has shown some resistance against the negative sentiment surrounding the market since the beginning of the year. The leading cryptocurrency is currently trading below the $27,000 resistance level. Nevertheless, many investors still anticipate an upward trend in #Bitcoin . Part of this confidence in the future of the cryptocurrency stems from Cathie Wood's long-term price target of $1 million.

#News #CryptoDailyDigest

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أنشِئ حسابًا الآن للتمتّع بفرصةٍ لكسب 100 USDT من المُكافآت!
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Asset Management Company Fidelity Announces Investors Who Are Favorable to Bitcoin ETFs! According to Fidelity Digital Assets Vice President Manuel Nordeste, retirement planners are slowly warming up to the idea of ​​investing in crypto assets. Retirees Examine Crypto Investments, Fidelity Sees $4.7 Trillion Opportunity Speaking at an event in London, Nordeste revealed that defined benefit plans and other pension funds have begun discussing crypto assets with their investment committees. While the crypto market is largely dominated by small-scale but sophisticated investors such as family offices and high-net-worth individuals, larger institutional investors are starting to show interest. Nordeste noted that Fidelity Digital Assets, founded in 2018, initially attracted interest from family offices, private asset managers and hedge funds, but has now begun to engage with larger institutional investors and companies. A survey by Fidelity Digital Assets found that 80% of high-net-worth individuals have a positive view of digital assets, compared to only 23% of retirement plans. Additionally, while 48% of these individuals invested in digital assets, only 7% of their retirement plans invested in digital assets. Pension funds, known for their conservative strategies, are taking a cautious approach to the volatile crypto market. Additionally, while 48% of these individuals invested in digital assets, only 7% of their retirement plans invested in digital assets. Pension funds, known for their conservative strategies, are taking a cautious approach to the volatile crypto market. $BTC $ETH $BNB
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Hacker Targeted a Crypto Whale, Large Bitcoin (BTC) was Theft! Hackers continue to target the cryptocurrency industry. Apart from small crypto investors, hackers also appear to have captured crypto projects and whales. The moves of hackers cause losses to many investors. As of today, another major crypto theft has been committed. As a result of this theft, a whale lost $71 million worth of #Bitcoin (BTC) to hackers. Look On-Chain, a successful data provider, conveyed the details and backstory of this theft via its X/Twitter account with the following words: Someone lost 1,155 #WBTC (worth $71 million) due to a phishing attack. Here is what happened behind this attack: *6 hours ago, this man created a new address named “0xd9A1b0B1e1aE382DbDc898Ea68012FfcB2853a91” and transferred 0.05 ETH to this new address. *The fraudster created a new address with the same starting and ending letters and transferred 0 ETH to himself, thus making the transfer appear in the transaction history. *Many wallets hide the middle part of the address with “…” to make the user interface look better. *When the whale wanted to transfer WBTC to its new address, it accidentally copied the address created by the fraudster (because the starting and ending letters of the 2 addresses are the same) and sent all WBTC to the fraudster. Our readers are advised to double-check each transfer to prevent crypto hackers from stealing their assets. $BTC $ETH $BNB
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🚨Michael Saylor announced that the SEC will classify #Ethereum and #Solana as securities. $BTC $ETH $SOL
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Is It Time for Bitcoin to Rise? Famous Analyst Pointed to $80,000. In a repeat of the move that followed its decline below $60,000 before the April 20 halving event, Bitcoin is rapidly moving towards the $62,000 region. This is the critical point on investors' radar and has not been subjected to a convincing retest. Analyst Eliz said that although Bitcoin has recovered from levels below $ 60,000, the obstacle to be overcome is still the same and explained that the $ 62,000 level is the key level. Another analyst, Val Me, shared a chart showing a long green engulfing candle with Bitcoin on the four-hour time frame, examining the ground above $60,000 and expressing the importance of the $65,000 level. Crypto influencer Lark Davis, who uses exponential moving averages on the daily chart, pointed out that Bitcoin is currently facing resistance at the 100-day EMA average at $59,972. The next major resistance for Davis is the 50-day EMA average, currently at $63,902, where we do not want to see a strong rejection: Davis' observation is supported by on-chain data from data analysis firm #IntoTheBlock The Entry/Exit Around the Money Price (IOMAP) pattern showed that the 50-day EMA average is in the price range of $62,858 and $64,670; Here, approximately 577,220 #Bitcoins were previously purchased by 1.56 million addresses. $BTC $ETH $BNB
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Terraform Labs' legal team disputed the SEC's claims. Terraform Labs' legal team has strongly disputed the Securities and Exchange Commission's (#SEC ) allegations, arguing that token offerings and sales occurred predominantly outside the United States. In a brief filed Wednesday, Terraform's lawyers emphasized that activities related to token sales were conducted "almost entirely outside the United States." This statement contradicts the SEC's claim that the firm specifically targeted US investors, which led the agency to demand that #Terraform pay $5.3 billion in fines, primarily fines. Terraform's legal representatives also disputed the SEC's allegations, stating that the agency did not provide any evidence to support its claim that limited activities within the United States directly caused the losses alleged by the SEC. The lawyers emphasized that there was no evidence linking Terraform's operations in the United States to the significant losses for which the SEC sought compensation. In February 2023, the SEC charged Terraform and its co-founder Do Kwon over algorithmic stablecoin Terra USD (UST), which suffered a dramatic crash a year ago. Following a civil fraud trial, a jury last month found that both Terraform and Kwon misled investors, holding them liable for civil fraud. Algorithmic stablecoins like Terra use algorithms and market incentives to maintain a stable price. Terra's stability was linked to Luna, a governance token used to stabilize prices. UST's collapse in May 2022 resulted in losses exceeding $50 billion. $BTC $LUNA $LUNC
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BNB Surpasses 590 USDT with a 5.47% Increase in 24 Hours
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MakerDAO Prepares To Launch Two New Tokens: NewStable And NewGovToken
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Bitcoin(BTC) Surpasses 62,000 USDT with a 5.01% Increase in 24 Hours
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