US Government Transfers Bitcoin Assets from Bitfinex Hack
- Bitcoin Transfer: The US government has moved approximately $606,000 worth of Bitcoin to a Coinbase Prime wallet, directly linked to the 2016 Bitfinex hack, demonstrating ongoing efforts to track and combat cryptocurrency crime.
- Hack Incident Review: In the 2016 Bitfinex attack, Ilya Lichtenstein stole 119,756 Bitcoins, valued at $72 million at the time, which has now surged to nearly $8.9 billion, highlighting the volatility of crypto assets and their profound market impact.
- Asset Return Plan: US courts ruled that the confiscated Bitcoin should be returned directly to Bitfinex rather than liquidated, which will help protect the rights of Recovery Right Tokens holders and provide compensation for past grievances.
- Government Crypto Reserves: Beyond the Bitfinex assets, the US government has accumulated approximately $24.54 billion in Bitcoin and other digital assets through legal cases, indicating its significant position in the crypto market while raising concerns about potential selling pressure.
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Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP). As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 2.394 | 2.582 | 2.742 | 2.93 | 3.09 | 3.278 | 3.438 |
| Fibonacci | 2.582 | 2.715 | 2.797 | 2.93 | 3.063 | 3.145 | 3.278 |
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