Bitcoin Tests $21.5K Resistance: Can Buyers Push Prices Above?

•Bitcoin is currently trading below the recent high and is challenging the resistance level of $21.5K.
•The bullish run has slowed as the digital asset approaches the $21.5K resistance level.
•If buyers are able to hold prices above the $21.5K high, further increases are possible, with the next target being the previous high of $22,781 or $25,212.

The largest cryptocurrency, Bitcoin, is currently trading below the recent high and is challenging the resistance level of $21.5K. As BTC/USD has retested the historical price level of $21,480 set on November 5th, the bullish run has slowed as the digital asset approaches the $21.5K resistance level.

At the time of writing, Bitcoin is trading at $21,280.48, with a market cap of $409,964,799,905 and a circulating supply of 19,265,443 BTC. Bitcoin’s total supply is 446,875,828,290 BTC, and it remains the top-ranked cryptocurrency according to Coinmarketcap.

Following the current market recovery, Bitcoin has reclaimed the $21,000 support level and is now attacking the $21,500 resistance level. Buyers are attempting to hold prices above the $21,500 high as they want to restart a new upswing.

If buyers are able to maintain the price above the $21,500 high, further increases are possible, with the next target being the previous high of $22,781 or $25,212. However, given the current overbought condition of the market, an upward movement is unlikely. Nevertheless, an overbought condition might not last in a market that is strongly trending.

On the other hand, if sellers take control of the market and push prices below the $21,500 resistance, BTCUSD could return to the November 5th price level of $21,480. A further decline could push prices back to the $20,000-$19,000 range.

Overall, Bitcoin is in a precarious position as it attempts to break through the $21,500 resistance level. The outcome of this battle between buyers and sellers will determine the direction of the market in the near future.

Aptos (APT) Sees 35% Increase in Price Amid Crypto Market Growth

• Aptos (APT) is the native token of a layer-1 proof-of-stake (PoS) blockchain platform.
• The blockchain network, Aptos, is developed by Aptos Labs and utilizes the Move programming language.
• The price of Aptos has increased by more than 35% from the last day, and its value has gone up by more than 52%.

On January 10th, the crypto market experienced a growth of 0.03%, with the overall volume of the industry increasing by 47.54%. As a result, certain crypto assets have seen an increase in their prices, including Aptos (APT).

Aptos is the native token of a layer-1 proof-of-stake (PoS) blockchain platform which is developed by Aptos Labs. The primary goal of the network is to ensure the mainstream adoption of Web3 technology and create a network of DApps for dealing with real-life issues. To achieve this, the network makes use of the Move programming language that was developed by Meta in order to introduce the Libra blockchain and improve its security and scalability. Furthermore, Aptos is capable of executing more than 150,000 transactions per second.

At the time of writing, the price of Aptos is $5.69, which is an increase of over 35% from the previous day. This crypto has also seen a rise in its value of more than 52% in the last seven days. Its all-time high value is $10.25, and its present market capitalization is over $1.6 billion.

In conclusion, it is clear that Aptos has seen a surge in its value in the last 24 hours and is on the rise in the crypto market. As the industry continues to grow, the value of Aptos is likely to follow the same trend in the near future.

King of Crypto Accused of Defrauding 340K Crypto Investors

• Barry Silbert, CEO of the Digital Currency Group, has been accused by Cameron Winklevoss of scamming 340,000 crypto investors using the Gemini Earn product.
• The accusation follows the suspension of customer withdrawals by Genesis Global Trading, a wholly owned lending company of DCG.
• DCG has denied the accusation, claiming it is yet another “desperate and unproductive publicity attempt” by Winklevoss.

Barry Silbert, the CEO of the Digital Currency Group (DCG), has come under fire from Cameron Winklevoss, the CEO of cryptocurrency exchange Gemini. In a scathing open letter posted to Twitter Tuesday morning, Winklevoss accused Silbert and his businesses of defrauding some 340,000 crypto investors using Gemini Earn.

The accusation comes after the suspension of customer withdrawals by Genesis Global Trading, a wholly owned lending company of DCG. Gemini had collaborated with Genesis for its “Gemini Earn” product, which promised investors yearly interest rates of up to 8%. According to Winklevoss, Silbert and his businesses “conspired to make false claims and misrepresentations regarding the stability and financial health of Genesis” in order to “buy time to escape the hole they dug for themselves by lying.”

In response, a DCG representative issued the following comment in an email to the publication Forbes: “This is yet another desperate and unproductive publicity attempt from Cameron Winklevoss to shift criticism from himself and Gemini, who are exclusively responsible for running Gemini Earn.”

Silbert, who is known as the “King of Crypto”, is a former billionaire whose wealth was derived from a massive stake in Bitcoin. He has since sold off most of his holdings and is currently worth around $400 million. He has been accused of unethical business practices in the past, including inflating the prices of cryptocurrencies to benefit DCG’s portfolio companies.

The latest accusation comes at a difficult time for Silbert, whose firm has seen its value drop by nearly 40% since the start of 2021. The company is facing pressure from investors to cut costs and lay off employees in order to stay afloat. If the accusations are proven to be true, it could have serious legal and financial ramifications for DCG and its affiliates.

Regardless of the outcome of the investigation, this situation is yet another example of the volatility and opacity of the crypto markets, and a reminder of the need for greater transparency and regulation in the industry. It remains to be seen how this situation will be resolved, but it is certain that this is not the last we will hear of it.