Authorities sold the recovered Bitcoin in small batches over 11 days to avoid 
disrupting the market, according to local media reports.

South Korea sells $21.5M in recovered Bitcoin after custody breach

Ackman&#8217;s move could reshape investment strategies, blending traditional and 
crypto assets, potentially influencing market dynamics and investor behavior.
The post Billionaire Bill Ackman files to take Pershing Square public on the 
NYSE appeared first on Crypto Briefing.

Billionaire Bill Ackman files to take Pershing Square public on the NYSE

Dominari Securities, tied to Eric Trump and Donald Trump Jr., is among the 
brokerages named in the congressional probe.

US lawmakers probe Trump family-linked firm over Chinese stock scams

GIGA&#8217;s increased Bitcoin holdings highlight a growing trend of firms using 
cryptocurrency to bolster financial stability and strategic growth.
The post GIGA expands Bitcoin treasury to 1,252 BTC with latest purchase 
appeared first on Crypto Briefing.

GIGA expands Bitcoin treasury to 1,252 BTC with latest purchase

The 2022 Bitcoin crash has been one for the history books, where the price 
went from $69,000 to $16,000 before hitting a bottom. Being the most recent 
bear market before the current cycle, there have been a lot of comparisons 
between the current trend and the previous one. So far, while the Bitcoin 
price has tried to hold up against the bears, there have been similarities to 
the 2022 bear market cycle that could suggest a repeat of such a crash. The 
Similarities That Say Bitcoin Price Might Crash Further A pseudonymous crypto 
analyst who goes by the name Sherlock on X pointed out multiple similarities 
that have popped up on the Bitcoin price chart that could suggest a repeat of 
the 2022 cycle. The first of these was the weekly trendline break that 
happened after the initial wave of declines. Once this was broken, the 
floodgates were opened for the bears. Related Reading: Analysts Predict 
Conservative XRP Price If It Follows 2017 Run Next on the list is that Bitcoin 
has recorded multiple red weekly candles. Then came a relief bounce that led 
to consolidation in the middle of this trend, as shown by the most recent 
bounce toward $74,000. This green candle pushed the price toward the next 
resistance. However, bulls were ultimately rejected from this level, leading 
to an impulsive break below the trend low. The last of the events that took 
place on the chart is the formation of the upper wick candle. Once this was 
completed and the price was rejected from this level, the next breakdown saw 
the Bitcoin price crash from $30,000 to $17,500 before the next relief, a 40% 
price decline. Presently, the completion of the upper wick candle is the only 
thing left for the Bitcoin price. Sherlock confirms that the digital asset is 
actually printing the upper wick candle. If this completes, then it could lead 
to the same breakdown that was seen back in 2022. Related Reading: XRP Bull 
Flag Breakout After 8-Month Consolidation To Send Price To $11 A repeat of 
this 40% breakdown from the current level would put the Bitcoin price back 
into the $35,000 territory. Following through to the end of where the last 
bear market bottom was established, it would mean falling as low as $30,000 
before the sellers are exhausted. Interestingly, though, this was the last leg 
down that led to the end of the 2022 bear market. In the next few months that 
followed, there was a rapid recovery, and in the year following the bottom, 
the Bitcoin price would go on to hit new all-time highs. Featured image from 
Dall.E, chart from TradingView.com

Cryptocurrency price in GBP