Ripple warned XRP users after a fake Instagram account posed as CEO Brad 
Garlinghouse and promoted an XRP giveaway scam online.

Ripple warns XRP users after fake CEO Instagram account

Anthony Scaramucci urged Bitcoin holders to stay calm after BTC fell near 
$72,000 amid liquidations and weak market sentiment.

Anthony Scaramucci tells Bitcoin holders to stay calm

Ether Machine ended its SPAC merger with Dynamix, canceled its Nasdaq debut, 
and halted plans for a $1.5 billion ETH fund.

Ether Machine pulls plug on Dynamix SPAC merger plan

The allegations highlight potential risks in DeFi projects, emphasizing the 
need for transparency and robust governance to maintain trust.
The post Justin Sun accuses Trump-backed World Liberty of hidden backdoor 
control appeared first on Crypto Briefing.

Justin Sun accuses Trump-backed World Liberty of hidden backdoor control

Bitcoin traded as high as $73,000 following a 9% price rally in the past week. 
However, the broader market suggests the leading cryptocurrency is still stuck 
in a bear phase that’s been dragging on for more than six months. 
Interestingly, historical data suggest that recent price movement could 
trigger a significant bullish rebound, providing investors with a mid-term to 
long-term relief period. Related Reading: Bitcoin On The Brink: One Move Could 
Trigger A Massive Shift Bitcoin Nears Key Support Level As Bulls Eye 
Historical Recovery Run In an X post on April 11, renowned analyst Ali 
Martinez shares a positive observation of the Bitcoin price chart, 
highlighting a cyclical price rally. Notably, this price surge is triggered by 
a retest of a particular long-standing ascending trendline during an extended 
correction period, as is being observed. Martinez names this ascending 
trendline the &#8220;Parabolic Guard,&#8221; describing it as probably the most consistent 
technical level in Bitcoin history. Over the last 10 years, a price retest of 
this support line has consistently preceded a massive rebound. In 2017, 
Bitcoin&#8217;s contact with this trendline produced a staggering 961% gain in the 
following months. A similar event was observed in 2018; however, it resulted 
in a lower yield of 261%. In 2020, Bitcoin&#8217;s retest of the Parabolic Guard 
triggered 1,126% price increase, before the 2022 bear market commenced. The 
bullish condition was met again later in 2022, resulting in a 660% gain 
observed over the last four years. According to Martinez, the historic 
ascending trend line currently runs between $56,000 and $60,000, about 20% 
below the current market price. Interestingly, the present cycle low lies 
around $60,000, which Bitcoin formed amid an intense market sell-off in early 
February. According to Martinez&#8217;s latest post, the market would likely need a 
return to this market bottom to end the bear market and initiate a long-term 
recovery. The prominent analyst also explains that Bitcoin&#8217;s contact with the 
Parabolic Guard would slow smart money&#8217;s accumulation in anticipation of the 
next price surge. Related Reading: Bitcoin Reclaims $73,000 Mark But Traders 
Remain Unconvinced – Details Bitcoin Market Overview At the time of writing, 
Bitcoin was valued at $71,508, following a 1.81% loss in the last day. 
Meanwhile, daily trading volume has dropped by 27.35% and is valued at $26.35 
billion. According to CoinCodex data, the overall market sentiment is heavily 
bearish, while the Fear &amp; Greed Index remains in extreme fear territory. 
Nevertheless, CoinCodex analysts expect Bitcoin&#8217;s market bounce, driven by the 
easing geopolitical tensions, to persist for the time being, with price 
predictions of a $79,729 in the next five days. Featured image from Freepik, 
chart from Tradingview

Cryptocurrency price in NZD