Hit by a Crypto Scam? Ohio Offers 6 Steps to Take Before It Gets Worse
Hit by a Crypto Scam? Ohio Offers 6 Steps to Take Before It Gets Worse
Ohioâs six-step crypto fraud rescue plan puts victims in control, arming them with powerful tools to freeze wallets, preserve evidence, protect identities, and fight back. Ohioâs 6-Step Blueprint for Crypto Scam Victims: From Wallet Freeze to Reporting The Ohio Attorney Generalâs Office published a detailed consumer advisory on June 11 addressing the rise in cryptocurrency-related [âŠ]
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Ethereum Breakout Imminent? Broadening Wedge Hints At $4,200 Surge
According to recent technical analysis, Ethereum (ETH) may be gearing up for a major breakout that could propel the cryptocurrency close to the $4,200 mark. Meanwhile, ETH continues to attract growing institutional interest, with Ethereum exchange-traded funds (ETFs) outperforming their Bitcoin (BTC) counterparts. Ethereum Headed For A Breakout? In a recent X post, noted crypto analyst Titan of Crypto highlighted that ETH is climbing within a massive weekly broadening wedge structure. The analyst shared the following chart and suggested that ETH could be targeting the $4,200 level â marking the top of the wedge. For the uninitiated, a broadening wedge is a chart pattern characterized by diverging trendlines, where price makes higher highs and lower lows, forming a megaphone-like shape. It typically indicates increasing market volatility and can signal a potential breakout, with the direction depending on the prevailing trend and breakout confirmation. Related Reading: Ethereum Gains Momentum Amid Flat Funding Rates â Is This A Healthy Uptrend? Fellow crypto analyst Master of Crypto echoed a similar outlook, stating that ETH is âsetting up for a big move,â especially with over $2.2 billion in short positions clustered near the $3,000 level. If Ethereum breaks above $3,000, it could trigger a short squeeze, potentially accelerating ETHâs rally. At the time of writing, ETH is trading 43.7% below its all-time high (ATH) of $4,878, recorded in November 2021. Capital flows also indicate rising institutional interest in Ethereum. Crypto market commentator Ted Pillows recently pointed out that spot ETH ETFs attracted $240.3 million in inflows yesterday, compared to $164.6 million for spot BTC ETFs. The stronger performance of ETH ETFs suggests that capital may be rotating from Bitcoin to Ethereum. Itâs worth noting that while BTC is up 54% since June 2024, ETH is still down 24.6% during the same period. Crypto trader Merlijn the Trader shared the following monthly BTC/ETH chart showing two consecutive red candles, signaling a potential shift in momentum as BTC weakens relative to ETH. The trader noted that a similar capital rotation in 2020 preceded a âmonster altseason.â Things Look Positive For ETH While altcoins like Solana (SOL), Tron (TRX), and SUI created fresh ATHs in 2024, ETHâs performance did not live up to expectations. As a result, the broader sentiment in the Etheruem ecosystem took a hit. Related Reading: Ethereum âInsanely Undervaluedâ As Accumulation Addresses Keep Stacking â Is A Rally Imminent? However, 2025 appears to be ushering in a more favorable outlook. On-chain data reveals that ETH faces no major resistance until the $3,417 level. Additionally, ETH recently flashed a golden cross on the daily chart â a bullish technical signal that could indicate an impending rally. At press time, ETH trades at $2,756, down 1.7% in the past 24 hours. Featured image from with Unsplash, charts from X and TradingView.com
Bitcoin Whales Steadily Pulling Funds From Binance â Whatâs Fueling The Action?
Even as bearish pressure builds, Bitcoinâs price continues to hold above the $109,000 mark after its recent rebound that pushed its price beyond $110,000. BTCâs rebound has triggered a wave of renewed conviction, as evidenced by massive outflows by whales on the Binance crypto platform. Large BTC Holders On Binance Draining Holdings As Bitcoin surges [âŠ]
Court Slams My Big Coin With $25M Penalty Over False Cryptocurrency Claims
A staggering $25 million in penalties and restitution has been levied in a landmark federal court ruling, exposing a sham crypto project that duped investors with bogus claims of gold backing and market viability. CFTC Secures Judgment Against My Big Coin for Crypto Fraud Scheme The Commodity Futures Trading Commission (CFTC) announced on June 11 [âŠ]
MicroStrategy wird zu Strategy â wie ein börsennotiertes Unternehmen Bitcoin zum Finanzprodukt macht
Seit Anfang 2024 verĂ€ndert sich das institutionelle Interesse an Bitcoin grundlegend. Mit der Zulassung von Spot-ETFs in den USA ist BTC nicht lĂ€nger ein RandphĂ€nomen, sondern auf dem besten Weg, sich als globales Wertaufbewahrungsmittel zu etablieren. Parallel dazu nutzt ein Unternehmen diesen Wandel besonders konsequent: MicroStrategy â mittlerweile umbenannt in âStrategyâ. Die ursprĂŒngliche Softwarefirma hat [âŠ]