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Bitcoin Falls Below $94K Amid Extreme Fear Sentiment

Bitcoin witnessed a significant drop, falling below $94,000 for the first time since May. Initial trading showed a brief dip below this threshold before the price settled around $95,087, marking a 1% decline in the last 24 hours. Analysts attribute the downturn to widespread fear among traders, as indicated by an extreme fear sentiment score of 10. Notable cryptocurrency figures, including Ali Martinez and Benjamin Cowen, have suggested a potential further decline toward $83,500, especially given recent ‘death cross’ indicators. Retail interest surged with discussions on social media reaching a four-month high, hinting at possible market reversals. Meanwhile, Michael Saylor of Strategy also hinted at an impending significant Bitcoin purchase. The cryptocurrency market faces contrasting pressures, with Bitcoin’s performance contrasting sharply against gold, which has seen a 55% increase this year, highlighting Bitcoin’s relative underperformance as just 1% up in the same timeframe.

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Tornado Cash Case: DOJ Had Enough Evidence to Convict Roman Storm

Prosecutors from the Southern District of New York asserted that there was sufficient evidence to convict Roman Storm, a developer of Tornado Cash, which is a cryptocurrency mixing service. In response to Storm's acquittal motion, the DOJ argued that the trial established his role as a co-founder and

Tornado Cash Case: DOJ Had Enough Evidence to Convict Roman Storm, Prosecutors Say

Prosecutors from the Southern District of New York asserted that they possess sufficient evidence to convict Tornado Cash developer Roman Storm, challenging his recent motion for acquittal following his conviction on a conspiracy charge. The prosecution's filing highlighted that Storm was a co-founder of Tornado Cash and intentionally

Tornado Cash Case: DOJ Had Enough Evidence to Convict Roman Storm, Prosecutors Say

Prosecutors from the Southern District of New York made a filing asserting that they had sufficient evidence to convict Roman Storm, a developer of the crypto mixing service Tornado Cash. This motion counters Storm's request for acquittal following his earlier conviction for conspiracy to operate an unlicensed money

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