1 days ago
As volume troops back in the market, ARB advanced bullish and posted gains to test the $0.9 level today. This level has halted buying activity in the past hour but it is expected to continue if the volume level increases. Last December’s drop took many by surprise as several altcoins including ARB broke down to a month low during the market-wide correction. Technically, that correction was healthy for the market to enable robust growth in the future, although it caused a serious panic in the market but the sellers short-lived their expectations as the price bounced back. While the sellers aim to resume pressure during the brief consolidation phase, the bulls took advantage of the bounce this week and pushed higher amid current rising demand. Fortunately, the wide but short correction halted and the price increased consistently. Looking at the latest setup, the bulls are back in action, although they are yet to recover all the lost grounds. A clear break above the previous monthly high should set the stage for a massive bullish move. Conversely, a rejection there could subject the price to a consolidation before breaking up. Now that ARB is starting the new year in a grand style, we can expect an explosive move when a break-up occurs. ARB’s Key Level To Watch Source: Tradingview Aside from the close $0.96 resistance, the key target level for the bulls right now is $1.1. If they overcome it, the $1.24 level would be the next resistance to watch with a potential breakout to $2 in the near term. A drop from the current trading level could trigger a small pullback to $0.74. Meanwhile, the latest move is supported by $0.7. Lower levels to watch for a breakdown are $0.613 and $0.57. Key Resistance Levels: $0.96, $1.1, $1.24 Key Support Levels: $0.705, $0.613, $0.57 Spot Price: $0.89 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Bitcoin retreats from $102K high amid hot job data and Federal Reserve projections
Bitcoin drops 5% from $102K high as hot US job data and Federal Reserve projections weigh on markets, with $400M liquidated. The post Bitcoin retreats from $102K high amid hot job data and Federal Reserve projections appeared first on Crypto Briefing . NullTx
![XRP supporter and pro-crypto lawyer John Deaton says he wants to help the incoming Trump Administration investigate “Operation Choke Point 2.0.” Deaton says on the social media platform X that he wouldn’t take a salary and just wants the opportunity to “uncover multiagency coordination and possible corruption” related to the government’s alleged efforts to de-bank crypto firms. The lawyer argues that Custodia Bank’s legal battle against the U.S. Federal Reserve is the “most important filed case” in the crypto industry. “At their core, Custodia Bank’s fight and Choke Point 2.0, go beyond digital assets, banking charters or blockchain. It’s about whether unelected bureaucrats can arbitrarily deny access to essential financial infrastructure, effectively picking winners and losers in the marketplace. It’s about whether government agencies can wield unchecked power to restrict lawful businesses from accessing the critical financial infrastructure necessary to survive and thrive in a free market economy. If these actions go unchallenged, it creates a dangerous precedent where regulatory bodies can quietly suppress entire industries they disfavor, stifling innovation, competition, and economic opportunity. Custodia and Choke Point 2.0 are much bigger than crypto. They define whether America remains a place where the rule of law protects free enterprise, or where bureaucratic discretion is allowed to dismantle it.” Deaton isn’t the only person talking about Operation Choke Point 2.0. Coinbase’s chief legal officer Paul Grewal recently argued that documents secured by the exchange show that the Federal Deposit Insurance Corporation (FDIC) was attempting to sabotage a wide variety of activity in the crypto industry. Coinbase filed Freedom of Information Act requests related to the FDIC’s letters to banks about crypto services. Grewal says there is clear evidence of a deliberate effort by the government to stifle the growth of crypto in the US. “We finally got the unredacted OCP 2.0 letters from [the FDIC]. It took a court order but you can now read them for yourself… They show a coordinated effort to stop a wide variety of crypto activity – everything from basic BTC transactions to more complex offerings. Note that FDIC magically found TWO more pause letters in this search after saying before that it had complied with an earlier Court order. It’s hard to believe in their good faith when their sweater further unravels every time we pull on the thread. The new Congress should launch hearings on all this without delay.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Pro-Crypto Lawyer John Deaton Volunteers To Lead Federal Investigation Into Operation ChokePoint 2.0 appeared first on The Daily Hodl .](/image/677d6ba6119fe.jpg)
Pro-Crypto Lawyer John Deaton Volunteers To Lead Federal Investigation Into Operation ChokePoint 2.0
XRP supporter and pro-crypto lawyer John Deaton says he wants to help the incoming Trump Administration investigate “Operation Choke Point 2.0.” Deaton says on the social media platform X that he wouldn’t take a salary and just wants the opportunity to “uncover multiagency coordination and possible corruption” related to the government’s alleged efforts to de-bank crypto firms. The lawyer argues that Custodia Bank’s legal battle against the U.S. Federal Reserve is the “most important filed case” in the crypto industry. “At their core, Custodia Bank’s fight and Choke Point 2.0, go beyond digital assets, banking charters or blockchain. It’s about whether unelected bureaucrats can arbitrarily deny access to essential financial infrastructure, effectively picking winners and losers in the marketplace. It’s about whether government agencies can wield unchecked power to restrict lawful businesses from accessing the critical financial infrastructure necessary to survive and thrive in a free market economy. If these actions go unchallenged, it creates a dangerous precedent where regulatory bodies can quietly suppress entire industries they disfavor, stifling innovation, competition, and economic opportunity. Custodia and Choke Point 2.0 are much bigger than crypto. They define whether America remains a place where the rule of law protects free enterprise, or where bureaucratic discretion is allowed to dismantle it.” Deaton isn’t the only person talking about Operation Choke Point 2.0. Coinbase’s chief legal officer Paul Grewal recently argued that documents secured by the exchange show that the Federal Deposit Insurance Corporation (FDIC) was attempting to sabotage a wide variety of activity in the crypto industry. Coinbase filed Freedom of Information Act requests related to the FDIC’s letters to banks about crypto services. Grewal says there is clear evidence of a deliberate effort by the government to stifle the growth of crypto in the US. “We finally got the unredacted OCP 2.0 letters from [the FDIC]. It took a court order but you can now read them for yourself… They show a coordinated effort to stop a wide variety of crypto activity – everything from basic BTC transactions to more complex offerings. Note that FDIC magically found TWO more pause letters in this search after saying before that it had complied with an earlier Court order. It’s hard to believe in their good faith when their sweater further unravels every time we pull on the thread. The new Congress should launch hearings on all this without delay.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Pro-Crypto Lawyer John Deaton Volunteers To Lead Federal Investigation Into Operation ChokePoint 2.0 appeared first on The Daily Hodl . NullTx
