On Friday, Trump announced good news one after another, saying “it’s a great day for the markets and the world.” However, by the end of the week, Iran denied Trump on almost all issues, including the return of the uranium. So, as feared, BTC peaked above $77,000 but profit taking has not intensified yet. Muchin cryptocurrencies What’s the latest situation?
Cryptocurrencies latest situation
We shared a detailed assessment in the previous news about the current status of negotiations and communication between Iran and the USA. In summary, everything is left until Monday and if we do not see a surprise today, either the war will start or an agreement will be reached in the next 3 days. Trump does not guarantee that the ceasefire, which expires on Wednesday, will be extended.
Charles Schwab announced that cryptocurrency transactions will begin in a few weeks. Morgan Stanley’s BTC ETF reached a total net inflow of $100 million in 6 days. Fortune claims over the weekend that the Binance exchange may be investigated for allegedly facilitating the flow of money to Iran.
Kelp DAO It was hacked hours ago and the attackers who minted rsETH for free caused a loss of nearly 290 million dollars. RAVE is experiencing a pump/dump dump process after its speculative rise. Bitget CEO announced that an investigation has been launched about RAVE. The price, which increased by 7300% in 9 days, is now below $1.6 again, after rising from $0.6 to over $28. The total loss of those who bought at the peak is 95%.
RAVE Pump and dump activity started on Bitget. The exchange announced a reward of up to $10,000 to those who share evidence about the responsible parties. The team has almost all the supply, and the price has increased abnormally due to the shortage as people try to buy RAVE from the limited supply pool. Of course, this situation attracted speculative investors even more and RAVE became one of the 15 largest investors. cryptocurrency was included among them. Exchanges knew that RAVE was no better than giants like AVAX, SUI, and LTC, but strong volume pushed exchanges to watch rather than take action. Bitget’s investigation is basically for this reason, pressure.
Bitcoin (BTC)
The resistance test does not seem to be successful for now and in the coming hours Iranian Depending on the tone of the themed news flow, sales may accelerate. Since BTC is right at the peak of the channel, it is possible for volume sales to push the price down by up to 10% and $68,000 will be tested.
Even though the markets got used to the statements of the USA and Iran denying each other and even started to react, the market entered a very different mood on Friday. The claim of returning uranium to the USA and other statements convinced some investors that the long-term agreement was final, and therefore the price exceeded 78 thousand dollars. Now it is possible to return at the same speed. If the ceasefire is not extended or an agreement is not reached until the last hour on Wednesday (they can wait until the last 1.5 hours like 2 weeks ago), losses of 10% or more for BTC would not be surprising. We have recently mentioned that if the oil price remains above 90 dollars for a long time, it will now trigger inflation in the prices of other goods and products, and the prolongation of the process means that the damage will increase.
