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Bitcoin's price has shown resilience, bouncing back to the $67,000 mark after a few dips below this line in the past 24 hours. Despite minor retractions by altcoins such as TON, ADA, and SHIB, the overall market sentiment remains optimistic. BTC's price had fallen to just over $61,000 last Tuesday due to some issues with Coinbase. However, it quickly rebounded and began a significant rally on Wednesday following the announcement of the US CPI numbers. Despite a brief correction on Thursday, BTC's price trajectory has remained positive, peaking at over $67,500 on Sunday. The cryptocurrency's market cap stands at around $1.320 trillion, with its dominance over altcoins close to 52%. Most altcoins have mirrored BTC's performance, posting minor losses. ETH is nearing the $3,100 mark after a 0.4% daily decline, while Binance Coin has decreased by a similar percentage to $576. However, Solana's native token has risen by 2.5% and is now close to $180. The total crypto market cap is just under $2.550 trillion. Despite the minor losses, the market's overall resilience and the swift recovery of BTC's price indicate a robust and optimistic market. The anticipation for the SEC's decision on Ethereum ETFs adds an exciting element to the market's future trajectory.

Bitcoin's price has shown resilience, bouncing back to the $67,000 mark after a few dips below this line in the past 24 hours. Despite minor retractions by altcoins such as TON, ADA, and SHIB, the overall market sentiment remains optimistic.

BTC's price had fallen to just over $61,000 last Tuesday due to some issues with Coinbase. However, it quickly rebounded and began a significant rally on Wednesday following the announcement of the US CPI numbers. Despite a brief correction on Thursday, BTC's price trajectory has remained positive, peaking at over $67,500 on Sunday. The cryptocurrency's market cap stands at around $1.320 trillion, with its dominance over altcoins close to 52%.

Most altcoins have mirrored BTC's performance, posting minor losses. ETH is nearing the $3,100 mark after a 0.4% daily decline, while Binance Coin has decreased by a similar percentage to $576. However, Solana's native token has risen by 2.5% and is now close to $180. The total crypto market cap is just under $2.550 trillion.

Despite the minor losses, the market's overall resilience and the swift recovery of BTC's price indicate a robust and optimistic market. The anticipation for the SEC's decision on Ethereum ETFs adds an exciting element to the market's future trajectory.

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Taiwanese national, Rui-Siang Lin, has been arrested and charged for operating Incognito Market, a darknet platform that facilitated over $100 million in crypto transactions through the sale of illegal drugs. Lin, known by the pseudonym "Pharoah," ran the marketplace for four years, amassing millions in personal profit. The platform, which dealt in drugs like Adderall, MDMA, LSD, and cocaine, accepted payments in Monero and Bitcoin, with Lin taking a 5% cut from each sale. Lin's arrest is a significant development in the fight against illegal activities in the crypto space. The FBI was able to identify Lin by tracing crypto transactions from the marketplace to an exchange account registered in his name. The arrest underscores the fact that, despite the perceived anonymity of blockchain transactions, law enforcement agencies have the tools to track and apprehend those who misuse the technology. Despite the negative connotations of this case, the broader market remains robust and optimistic. The incident serves as a reminder of the importance of regulatory compliance and the need for vigilance against illicit activities. As the industry continues to mature, it is expected that such incidents will become less frequent, paving the way for a more secure and trustworthy crypto environment. Lin faces multiple charges, including money laundering and narcotics conspiracy, and could face a life sentence if convicted. This case serves as a stark warning to those considering using blockchain technology for illegal purposes.
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