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Crypto analyst Sykodelic has declared that the Bitcoin bleed is almost over and suggested that BTC is unlikely to drop to $40,000 as some experts predict. He alluded to the 2022 bottom to explain why the leading crypto is likely to find a bottom soon and begin a new bull cycle.  Analyst Explains Why Bitcoin Will Soon Find A Bottom In an X post, Sykodelic said the Bitcoin bleed is almost over and that people expecting a drop to the $40,000 range will be sidelined. He further remarked that this is how people who were waiting for a drop to $12,000 were sidelined during the 2022 bottom. Commenting on the current BTC price action, the analyst noted that the leading crypto is trading in the largest pocket of supply it has seen in over five years, just below the higher-time...

Drift Protocol suspended deposits and withdrawals after warning of an active attack as third party estimates put outflows near $270 million.
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Pezeshkian's softened rhetoric may signal potential diplomatic openings, yet market skepticism persists, reflecting uncertain ceasefire prospects.
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Increased US-Iran tensions could destabilize the region, impacting global markets and diplomatic relations, with potential for regime change.
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Market volatility reflects uncertainty in US-Iran relations, with potential diplomatic shifts impacting geopolitical stability and investor sentiment.
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The plan risks escalating US-Iran tensions, reducing ceasefire prospects and increasing likelihood of US ground operations in Iran.
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The playful exchange highlights the ongoing rivalry and competitive dynamics within the crypto industry, influencing market perceptions.
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Whitaker's diplomatic approach may signal a strategic shift, but skepticism persists about immediate conflict resolution, impacting market dynamics.
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Continued US-Israel operations suggest skepticism towards Iran's claims, impacting ceasefire odds and highlighting geopolitical tensions.
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The deployment signals increased US military readiness, impacting market predictions and highlighting geopolitical tensions in the region.
The post US deploys 18 additional A-10 aircraft to Middle East appeared first on Crypto Briefing.