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FAMEEX Daily Highlights | Justice Dept defends motion to bar SBF from accessing FTX, Alameda assets

2023-01-31 16:42:55

Top Trending Crypto News Today

Elon Musk Wants to Include Cryptocurrency into the Twitter Payments System
Although Elon Musk wants Twitter's planned payments feature to eventually enable cryptocurrency, it will initially only allow fiat currencies. Elon Musk, the CEO of Twitter, is said to have given his developers instructions to construct the platform's payment system in a way that will enable the addition of crypto capabilities in the future.

Justice Dept defends motion to bar SBF from accessing FTX, Alameda assets
In court documents released on Jan. 30, the Justice Department responded to a motion from Bankman-Fried’s legal team attempting to remove some of the proposed modifications for his bail conditions, which included barring contact with former and current FTX employees. According to prosecutors, SBF attempted to contact both current FTX CEO John Ray and FTX US general counsel Ryne Miller.

Daily Crypto Market Analysis - Growing and Forecast

In the last 24 hours, the long liquidations were 143.017M USDT and the short liquidations were 18.02M USDT, leaving 124.997M USDT worth of net long liquidations. Yesterday's total liquidation amount increased, and the long liquidation amount exceeded 100M USDT, which shows that short-side investors are more active.

The Fear & Greed index rose to 61, the market sentiment is no longer panic, and it has begun to turn optimistic.

Bitcoin Ahr999 remained at 0.60, a new high since June last year, and is now above the bottom line (0.45) and below the DCA line (1.2). The numbers reflect that the current short-term trend is no longer so weak, but the long-term trend is still a bear market.

In the last trading day, all three major US stock indexes fell. The DJI was relatively strong, falling only -0.77%, the S&P 500 fell -1.29%, and the Nasdaq was the weakest, falling -1.96%. The two major cryptocurrencies also fell yesterday, BTC and ETH fell by -3.45% and -3.92% respectively.

Is widely expected that The Fed will raise interest rates for an eighth time, but will slow its pace of hikes to 25 basis points, while the European and British central banks are expected to raise rates by 50 basis points each. The U.S. non-farm payrolls data for January is also worth watching.

Nick Timiraos, a reporter for the Wall Street Journal who is known as the "Fed megaphone" recently wrote that the Fed's rate hike this week depends on how much officials expect the economy to slow down, and that the Fed is internally pondering whether falling wages or unemployment will push up inflation.

All mainstream currencies fell yesterday, ranging from -6.07% to 1.67%, SOL was the weakest in contrast to yesterday's performance, falling -6.07%. DOGE, on the other hand, was the strongest, rising 1.67% against the trend. The two major cryptocurrencies were both down, with BTC and ETH down -3.45% and -3.92% respectively.

Looking at BTC from the 4-hour candles, after the price hit a new band high of 23961 yesterday, the short-side quickly launched a counterattack and pushed the price back to around 22500. However, the long position that the moving average has showed is destroyed, and it may enter a relatively chaotic trend in the short term.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FAMEEX's official view.

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