China has reignited cyber tensions with the U.S. after unveiling claims that 
Washington played a covert role in one of the largest bitcoin seizures in 
history, exposing fresh fault lines in global digital power dynamics. China 
Accuses US of Hidden Role in Massive Bitcoin Seizure China’s cyber authorities 
have heightened tensions with Washington after alleging […]

China Accuses US of State-Level Cyber Theft in Massive Bitcoin Seizure

Bitcoin price failed to recover above $107,000. BTC is trimming gains and 
might could continue to move down if it trades below $102,500. Bitcoin started 
a fresh decline after it failed to clear $107,000. The price is trading below 
$105,500 and the 100 hourly Simple moving average. There was a break below a 
bullish trend line with support at $104,200 on the hourly chart of the BTC/USD 
pair (data feed from Kraken). The pair might continue to move down if it 
settles below the $102,500 zone. Bitcoin Price Trims Gains Bitcoin price 
started a recovery wave above $105,000. BTC recovered above the $105,500 and 
$106,000 resistance levels. However, the bears remained active near the 
$107,000 zone. A high was formed at $107,400 and the price started a fresh 
decline. There was a drop below the $105,500 and $105,000 levels. The price 
dipped below the 50% Fib retracement level of the upward move from the $99,222 
swing low to the $107,400 high. Besides, there was a break below a bullish 
trend line with support at $104,200 on the hourly chart of the BTC/USD pair. 
Bitcoin is now trading below $105,000 and the 100 hourly Simple moving 
average. If the bulls attempt another recovery wave, the price could face 
resistance near the $104,000 level. The first key resistance is near the 
$104,750 level. The next resistance could be $105,500. A close above the 
$105,500 resistance might send the price further higher. In the stated case, 
the price could rise and test the $107,000 resistance. Any more gains might 
send the price toward the $107,500 level. The next barrier for the bulls could 
be $108,800 and $109,500. More Losses In BTC? If Bitcoin fails to rise above 
the $105,000 resistance zone, it could start another decline. Immediate 
support is near the $102,800 level. The first major support is near the 
$102,400 level and the 61.8% Fib retracement level of the upward move from the 
$99,222 swing low to the $107,400 high. The next support is now near the 
$101,200 zone. Any more losses might send the price toward the $100,200 
support in the near term. The main support sits at $100,000, below which BTC 
might struggle to recover in the near term. Technical indicators: Hourly MACD 
– The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative 
Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support 
Levels – $102,500, followed by $101,200. Major Resistance Levels – $104,000 
and $105,000.

Bitcoin Recovery Falters — Weak Volume Signals Possible Exhaustion of Buyers

ARK Invest&#8217;s increased stake in Alibaba signals confidence in China&#8217;s tech 
sector recovery and the strategic importance of AI innovation.
The post Cathie Wood&#8217;s ARK Invest acquires 157,731 more Alibaba shares 
appeared first on Crypto Briefing.

Cathie Wood’s ARK Invest acquires 157,731 more Alibaba shares

Canary Capital’s XRP ETF is set to be the first US-based fund to directly hold 
the token, following the company’s key SEC filing that could see it launch on 
Thursday.

Canary Capital filing signals spot XRP ETF set for launch this week

Bank of England deputy governor Sarah Breeden has backed the central bank’s 
proposed rules for stablecoins, some of which the local crypto industry had 
criticized.

Cryptocurrency price in SGD