Two CIA officers were killed in a car crash in the Mexican state of Chihuahua 
on April 20 while returning from a counternarcotics operation to destroy a 
clandestine drug lab, igniting a sovereignty dispute between Washington and 
Mexico City. Two…

Two CIA Agents Die in Mexico After Returning From a Drug Lab Raid

Predictive algorithms in hiring and finance risk perpetuating systemic biases 
and unfair decision-making.
The post Carissa Véliz: Predictive technologies require enlightened decision-making, algorithmic hiring can perpetuate biases, and academic fraud undermines integrity | Big Technology appeared first on Crypto Briefing.

Carissa Véliz: Predictive technologies require enlightened decision-making, algorithmic hiring can perpetuate biases, and academic fraud undermines integrity | Big Technology

U.S. lawmakers have introduced the PACE Act to modernize payment systems and 
reduce transaction costs. The bill could open federal payment rails to 
regulated nonbank providers, including crypto firms. Key Takeaways: U.S. Reps. 
Young Kim and Sam Liccardo introduced the PACE Act to modernize payments. Bill 
aims to open Fed systems like Fednow, cutting fees […]

PACE Act Pushes Fed Payment Access for Nonbanks, Crypto Firms

Crypto&#8217;s identity crisis deepens as trust issues and ideology clash in the 
mainstream transition.
The post Mike Ippolito: Crypto&#8217;s identity crisis amid mainstream acceptance, the urgent need to rebuild trust, and the clash between ideology and reality | Empire appeared first on Crypto Briefing.

Mike Ippolito: Crypto’s identity crisis amid mainstream acceptance, the urgent need to rebuild trust, and the clash between ideology and reality | Empire

A crypto analyst has suggested that Bitcoin (BTC) is still in a bear market 
despite its recent price rally, warning that the cryptocurrency could be 
headed for a deeper correction below $60,000. The call comes amid repeated 
failed breakouts and weakening momentum, raising doubts about any near-term 
recovery. According to the analyst, the current price structure suggests bears 
remain firmly in control, with downside risks continuing to build. Why Bitcoin 
Is Still Bearish Despite Recent Rebounds A technical analyst known as JDK 
Analysis on X has shared fresh insights into Bitcoin’s current price action 
and potential next moves. In his post, he stated that Bitcoin’s recent price 
rally above $75,000 marked its fourth fakeout. He argued that, rather than a 
sustained price recovery, the latest upward moves may signal weakness, 
reinforcing his base case that BTC is currently in a short-term reaccumulation 
phase within a broader bear market. Related Reading: Why The PEPE Price Could 
Stage A 55X Rally To Reach New $0.0001 ATH JDK Analysis noted that the current 
re-accumulation phase lacked the key signals typically seen at true market 
bottoms, which often precede a sustained price reversal. As a result, he 
suggests that any near-term upside will likely be limited until a final price 
floor is reached. The analyst explained that strong market bottoms do not 
emerge suddenly. Instead, they form after an extended downtrend with multiple 
processes involved. He stated that large-scale investors cannot simply “buy 
the bottom” like most retail traders because their investments are substantial 
enough to move the market and influence prices. He added that buying only 
occurs when enough traders are willing to sell coins, making it even harder 
for big players to enter positions. If they decide to place large buy orders 
even when there are not enough sellers available, they could end up pushing 
prices higher and buying at even worse levels. To address this, JDK Analysis 
noted that most large players typically seek out liquidity by targeting areas 
with clustered orders. He said that it also helps when many traders are caught 
on the wrong side of the market, as their positions provide easy exit 
liquidity for whales. He called this process liquidity engineering, noting 
that it explains why Bitcoin’s price often moves up and down within a range, 
appearing as though it is recovering. The analyst added that the same process 
also applies when Bitcoin experiences sudden drops. During sharp moves, 
traders often panic and sell, leading to downside fakeouts in which prices 
briefly fall before reversing or stabilizing. Overall, JDK Analysis remains 
firm in his view that the market is not in a recovery stage. Instead, he 
argues that bears are still largely in control, with no confirmed bottom in 
place and the possibility of another major price crash still ahead. BTC Faces 
Possible Crash Below $60,000 While he maintains that the market is still 
bearish, JDK Analysis has explained what a true bottom should look like. He 
stated that a real bottom forms after several failed attempts to push prices 
lower. He emphasized that during repeated downside moves, trading volume 
typically declines, signaling that selling pressure is fading as sellers 
become exhausted. Once this happens, the market begins to shift before a fresh 
bullish trend begins. Related Reading: The Bitcoin Playbook: Analyst Says 
These 4 Numbers Are Your Entire Week However, the analyst argues that current 
market conditions are showing opposite behavior. Instead of exhaustion, prices 
continue to test the upper range before getting rejected. He also noted that 
BTC’s overall supply appears to be dominating demand, with each upward push 
accompanied by declining trading volume. The analyst views this as a major 
bearish signal. His chart shows that once Bitcoin breaks further below 
$75,000, the cryptocurrency could be heading toward its next crash level 
around $59,000. If this support fails, the analyst predicts an even deeper 
correction below $56,000, possibly marking its final bottom. Featured image 
created with Dall.E, chart from Tradingview.com

Cryptocurrency price in SEK