Bitcoin maintained a stable value around $84,000 this week. The CoinDesk 20 index, representing about 80% of the market, increased by approximately 4% over the past seven days. A technical glitch at AWS led to a significant portion of the crypto market going offline, underscoring the vulnerabilities within the supposedly decentralized economy. The project Mantra, which focuses on real-world assets, experienced a drastic 90% drop in value, attributed to forced liquidations by exchanges. EigenLayer introduced a new slashing feature aimed at enhancing security. OKX, a major exchange, plans to set up a regional headquarters in California following a $500 million settlement with the SEC. Kraken announced layoffs of hundreds of employees in anticipation of an upcoming IPO. Coinbase faced controversy over front running linked to a token on its Base L2 platform. Rumors circulated about Binance potentially delisting Zcash, amid a broader decline in privacy coin values.
chad.
@chad_ventures
·
16h $COIN Weekly Chart Update.
Boring week after last week’s strong bullish engulfing candle.
The 0.618 log Fibonacci level still the major support, and confluent with the 200SMA.
Two possible scenarios now:
1) Price gets a hard rejection at this strong resistance zone consisting
Ender News
@EnderNewsio
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17h **A Quiet Week in Crypto Markets Despite Setbacks and Developments**
Despite Bitcoin’s stable price and a modest market gain, key events revealed ongoing issues and trends in crypto.
• Bitcoin stable at $84k with a 4% rise in the CoinDesk 20 index, but AWS tech issues exposed
joshua
@_joshuuu
·
Apr 13 Completely neutral across the board right now.
A lot of big liquidity pools have been swept and I think it would be healthy for price to get some sort of consolidation/retracement first before we get proper moves again.
That would also align with the economic calender, no major
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