Altcoins Chase New Highs After Bitcoin Hits $123,000

Key points: Bitcoin is facing profit booking near $123,000, pointing to a minor consolidation or correction in the near term. Several major altcoins have broken above their overhead resistance levels, indicating the start of a new uptrend. Bitcoin (BTC) started the new week on a strong note, rising above $123,000, but higher levels are witnessing…

LA Sheriff Deputies Admit To Helping Extort Crypto Victims

Two Los Angeles County Sheriff’s Department deputies have admitted to using their law enforcement powers to help their private security clients, including the jailed crypto extorter dubbed “The Godfather.” David Anthony Rodriguez struck a deal to plead guilty to one count of conspiracy against rights, while Christopher Michael Cadman made a deal to admit to…

Bitcoin Prepares For A Strong Rally To $138K

Key takeaways: Bitcoin closed its highest weekly candle at $119,310, then rallied on to $123,100. Short-term holder NAV premium at 16% signals moderate interest, well below FOMO levels. Spot Bitcoin ETFs have entered a strong buy regime following last week’s second-largest single-day inflow of $1.18 billion. Bitcoin (BTC) price posted its most significant weekly gain…

Bitcoin-powered Abacus Market Suspected Exit Scam

Abacus Market, the largest Bitcoin-powered Western darknet marketplace, has gone offline in an apparent exit scam.  Its website and infrastructure, including its clearnet mirror, are inaccessible, TRM Labs said in a report on Monday. The disappearance has led TRM to believe the “operators have likely conducted an exit scam, shutting down operations and disappearing with…

Rising Crypto Crime Driven by Lack of Oversight and Retail FOMO

Slow regulations, fear of missing out (FOMO) and growing adoption are powering a crypto crime “supercycle,” according to cybersecurity practitioners.  Crypto crime losses hit a new record in the first half of 2025, beating the previous record set in 2022 and nearly equal to the total losses from all of 2024. Losses in the first…

Crypto Market Flashes ‘Buy’ as Total Capitalization Hits $3.8T All-Time High

Key takeaways: Crypto market cap hit $3.8 trillion on Monday, almost as big the UK’s GDP. One TOTAL index flashes a “buy” signal while a classic chart pattern hints at $4.45 trillion target. The total crypto market capitalization reached a new all-time high of $3.8 trillion on Monday, close to surpassing the UK’s gross domestic…

Pause at $120K, But Top Is Nowhere Near, Analysts Say

Bitcoin cooled off during U.S. trading hours Monday after nearly topping $123,000 earlier in the session, but market top calls are premature, analysts said. BTC slipped below $120,000 late in the U.S. day, shedding most of its overnight advance, but holding on to a modest 0.6% gain over the past 24 hours. Ethereum’s ether {{ETH}}…

Altcoins Chase New Highs After Bitcoin Hits $123,000

Key points: Bitcoin is facing profit booking near $123,000, pointing to a minor consolidation or correction in the near term. Several major altcoins have broken above their overhead resistance levels, indicating the start of a new uptrend. Bitcoin (BTC) started the new week on a strong note, rising above $123,000, but higher levels are witnessing…

US Federal Agencies Outline Key Risks for Banks Eyeing Crypto Custody

Three federal agencies of the United States government outlined the risks facing banks if they decide to custody crypto on behalf of their clients, according to a document published jointly by the agencies on Monday. While the announcement said that the document “does not create any new supervisory expectations,” it could provide a framework for…

Bitcoin institutional adoption Brings BTC To A New Era

Key takeaways: Institutional investor inflows are changing Bitcoin’s character, reducing its volatility and increasing accessibility for everyday investors. Spot Bitcoin ETFs now hold over $138 billion in assets, with RIAs, hedge funds, and pensions driving a growing share. Lower volatility improves Bitcoin’s chances of functioning as a medium of exchange, not just digital gold. Bitcoin…