Anthropic&#8217;s legal battle highlights tensions between AI ethics and national 
security, potentially reshaping tech-government collaborations.
The post Anthropic files lawsuit against US government over supply chain risk 
label appeared first on Crypto Briefing.

Anthropic files lawsuit against US government over supply chain risk label

A crypto market analyst has outlined what he describes as a straightforward 
mathematical method that helped identify the bottom of Bitcoin’s previous bear 
market. By focusing on long-term Fibonacci levels and quarterly price 
behavior, the analyst argues that the same structural logic that marked the 
2022 bottom is now shaping Bitcoin’s next macro phase. Simple Math That 
Identified The Bitcoin Price Bear Market Bottom In an X post shared on March 
8, crypto analyst Chetan Gurjar revisited a prediction he made in December 
2022 regarding Bitcoin’s bear market low. While he acknowledged that the 
timing of the call was slightly off by a few months, he stated that the price 
target itself proved accurate. Related Reading: Bitcoin Liquidation Map 
Predicts The Next Targets To Watch Out For The analysis referenced Bitcoin’s 
bear market bottom around the $15,000 region in late 2022, which the analyst 
had previously projected using this framework. His approach centers on macro 
Fibonacci extension levels plotted on the quarterly chart, with particular 
focus on the 1.618 Fibonacci level positioned near $62,084. The chart 
accompanying the explanation highlights how Bitcoin historically reacts to 
this macro level. During the 2021 bull cycle, Bitcoin repeatedly failed to 
break and sustain price action above the 1.618 Fibonacci level. The analyst 
pointed to the second and fourth quarter candles of 2021, both of which were 
rejected at that same zone. These repeated rejections signaled strong 
resistance at the time, reinforcing the significance of the level in the 
broader market structure. By mapping these macro levels across cycles, the 
analyst argues that long-term Fibonacci mathematics can help identify both 
extreme lows and potential expansion targets. Quarterly Fibonacci Retest 
Suggests Next Macro Phase The analyst’s latest chart interpretation suggests 
that Bitcoin’s relationship with the 1.618 Fibonacci level has shifted from 
resistance to support. After breaking above the $62,084 region on the 
quarterly timeframe, Bitcoin has not produced a quarterly candle close below 
the level since the breakout. The chart shows two notable retests following 
the move. In the second and third quarters afterward, Bitcoin briefly tested 
the level but managed to hold above it on a closing basis. One quarterly wick 
even dipped below $50,000 before reclaiming the $62,084 level. As of the 
current quarter ending in March, Bitcoin is again trading above the same macro 
Fibonacci level. According to the analyst’s interpretation, this behavior 
represents a bullish quarterly retest. Related Reading: Analyst Says Bitcoin 
Price Bottom Hasn’t Happened Yet, Gives Timeline To Expect Reversal The 
projection drawn on the chart extends toward the next Fibonacci expansion 
level at 2.618, which sits near $393,874. Gurjar describes this level as the 
minimum macro target if the structure holds. The chart also signals potential 
volatility, suggesting price wicks could stretch toward the $500,000 region 
during the expansion phase. However, the analyst notes that deeper quarterly 
wicks remain possible depending on broader market conditions, including 
potential weakness in the altcoin market. Even with that caveat, the framework 
presents the current structure as a continuation pattern centered on Bitcoin 
holding the 1.618 Fibonacci level. Featured image created with Dall.E, chart 
from Tradingview.com

Expert Trader Shows ‘Simple Math’ To Calculate The Bitcoin Price Bottom

Swiss crypto bank Amina has joined 21X as a regulated banking participant, 
linking traditional financial institutions with a blockchain-based market for 
issuing tokenized securities.

EU’s regulated blockchain securities market adds first bank participant

Sonic Labs has launched USSD, a USD-pegged stablecoin supported by tokenized 
U.S. Treasury assets, adding a new source of stable liquidity to the Sonic 
blockchain ecosystem. The new stablecoin, announced on March 9, will serve as 
a dependable on-chain dollar…

Sonic Labs launches USSD stablecoin backed by BlackRock and WisdomTree Treasury assets

The divergence between crypto and equities amid oil chaos suggests potential 
shifts in market dynamics, but long-term trends remain uncertain.
The post Oil chaos sends crypto and equities in opposite directions appeared 
first on Crypto Briefing.

Cryptocurrency price in PHP