carrie11cady

@carrie11cady

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Other blockchain data firms had warned about the project before the meltdown. Blockchain analysis firm Bubblemaps warned about LIBRA’s flawed tokenomics, revealing that 82% of the supply was unlocked and sellable from the start.

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In a Jan. 16 letter, Wyoming Senator Cynthia Lummis warned the FDIC that if the allegations of destroyed documents and obstructing the investigation were true, criminal referrals to the Department of Justice would follow.

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The FDIC added that it is reviewing the request for letters outside these parameters “as a separate FOIA request that it would review on an expedited basis.”

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The government agency says History Associates has no “reasonable basis” to believe that any letters outside this report and timeframe were covered under the original FOIA request.

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That said, Bitcoin rallied when the local US banking system showed signs of fragility in early 2023, as seen by the shock collapses of Silicon Valley Bank and Signature Bank, to name a few.

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Bitcoin tanked around 8% in an hour when Iran bombed Israel in a retaliatory attack on April 13 and also plummeted nearly 11% across Feb. 23 to 24, 2022, when Russia invaded Ukraine, CoinGecko data shows.

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Still, Bitcoin may be in for a bumpier ride should there be more international disputes.

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Data from Bitcoin analytics platform Newhedge shows Bitcoin has a volatile correlation to the Standard and Poor’s 500 (S&P 500), though some industry executives have pointed out that Bitcoin’s price movements are more closely tied to tech stocks.

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https://warpcast.com/carrie11cady/0x8f8aa041

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The RSI is showing a negative divergence on the 4-hour chart, indicating that the up move is losing steam. A break and close below the 20-EMA will suggest that the bears are trying to make a comeback. The 50-SMA is an important support for the bulls to defend because if they fail in their endeavor, the pair may plummet to $23.

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This positive view will be invalidated in the near term if the price breaks below $27.41. That could sink the pair to the 20-day EMA ($23.87), which is an essential support for the bulls to defend.

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The $27.41 level is the crucial support to watch out for on the downside. If the price turns up from the current level or bounces off $27.41 with strength, it will increase the possibility of a break above $31. The LINK/USDT pair could then start the next leg of the uptrend to $34.50 and later to $38.30.

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Buyers will have to drive the price above $4,000 to increase the likelihood of a break above $4,094. The pair could then rally to $4,500. Alternatively, a drop below $3,500 will tilt the advantage in favor of the bears.

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The moving averages on the 4-hour chart have flattened out, and the RSI is just above the midpoint, suggesting a possible range-bound action in the near term. The pair may consolidate between $4,094 and $3,500 for some time.

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Contrarily, if the price turns up from the current level or the 20-day EMA, it will signal a positive sentiment. That improves the prospects of a break above $4,094. If that happens, the pair could surge to $4,500.

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The upsloping moving averages indicate advantage to buyers, but the negative divergence on the RSI suggests that the uptrend is slowing down. If the 20-day EMA ($3,723) cracks, the ETH/USDT pair could drop to the downtrend line. Such a move is likely to delay the start of the next leg of the uptrend.

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Ether is facing significant resistance in the $4,000 to $4,094 zone, but a positive sign is that the bulls have not given up much ground to the bears.

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If the price turns down from the current level or the resistance line and breaks below the moving averages, it will suggest that bears are selling on rallies. The pair may slump to the support line, which is an important level to watch out for. If the bears sink the price below the support line, the pair may drop to $86,700.

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The pair could reach the resistance line near $107,000, which is expected to act as a solid resistance. If buyers overcome the resistance, the pair is likely to pick up momentum and surge to $113,331.

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In a question submitted to the country’s House of Councillors on Dec. 11, Yamada asked the Japanese government to consider “the status of understanding the movement to introduce Bitcoin reserves in the United States and other countries.”

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