Latest news with #TFTC
Yahoo
16-04-2025
- Business
- Yahoo
Bitcoin's True Capitulation Zone Is $65K, Says Well-Followed Analyst
Where's the bottom for bitcoin (BTC)? While acknowledging it's possible that level has already been hit, on-chain analyst James Check suggested a true bottom may not be in place until after bitcoin suffers a true capitulation event. That would likely require a decline to the $65,000 area, said Check, calling it the "true market mean," i.e., the average cost basis for active investors. At that point according to Check, who spoke on the TFTC podcast, the average investor may begin to feel the pressure of unrealized losses. Even long-term holders, including those who have held bitcoin for five years, could find themselves underwater. Interestingly, this price level aligns closely with Michael Saylor's Strategy, which has a similar cost basis of around $67,500. While Check expects sizable declines from the $65,000 area, he sees strong support in the $49,000-$50,000 range, those prices representing the launch of the ETFs in 2024 as well as a $1 trillion market cap for bitcoin. A drop to as low as $40,000 seems unlikely, he said, barring a global recession. Check also took note of the extended period of "chopsolidation" in 2024 — where bitcoin traded for months in a wide range between $50K and $70K — as establishing a strong foundation of support.
Yahoo
15-04-2025
- Business
- Yahoo
U.S., coalition partners sanction 15 al-Shabaab leaders
April 15 (UPI) -- The United States and a coalition of six other nations dedicated to disrupting terrorist financial networks have imposed sanctions against 15 accused leaders of the Somalia-based al-Shabaab militant group. The sanctions were announced Monday by the U.S. Treasury, which said they target members of the designated terrorist organization involved in a range of activities from fundraising to improvised explosive device proliferation. The 15 alleged terrorists are considered key regional leaders throughout Somalia and have been accused of generating funds for al-Shabaab through illegal fee collection from locals as well as conducting kidnappings, dispatching their own police service to control residents and manufacturing and placing IEDs. "Al-Shabaab continues to terrorize and extort the Somali people, forcing farmers to turn over livestock as 'donations' and kidnapping civilians, while it destabilizes the wider region through its campaign of violence," Treasury's Acting Assistant Secretary for Terrorist Financing Anna Morris said in a statement. The sanctions are the eighth round from the Terrorist Financing Target Center, consisting of the United States, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. Founded in 2017, the TFTC aims to counter terrorist financing networks through conducting joint disruption actions, including sanctions and law enforcement operations, as well as sharing information about related concerns and offering capacity-building assistance. "TFTC member states are stronger and more effective when working together to counter these shared threats to the international financial system, and we will maintain intensive pressure on terrorist actors and their financial networks," Morris said. The announcement comes after the Treasury sanctioned 26 people and entities connected with al-Shabaab.
