Bitcoin’s price tumbled 2% to settle at $86,000 at press time on Wednesday after another unsuccessful attempt at breaching the $90,000 resistance.
Ben “BitBoy” Armstrong, a well-known crypto influencer, was arrested in Florida on March 25 amid ongoing legal disputes linked to threats sent to a US Judge.
Crypto market capitalisation rose 0.5% in the last 24 hours to $2.89 trillion, the highest since March 8, but still below the 200-day moving average. The Bulls still have to prove their strength by overcoming an important technical level. But worryingly, recent gains have come on low trading volume. This could simply be a setup to trap buyers and trigger a sharp sell-off in the next move.
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