$ 2 billion worth of profite claims at Thodex

A Thodex't of crypto currency exchanges that operate in Turkey for two days can not be processed. It is stated that the founder of the platform, where 391 thousand people are trading, fled to Thailand with $ 2 billion in crypto money. The company argued that the operations stopped due to the maintenance work that will take 4-5 days. Istanbul Anatolian Chief Public Prosecutor's Office has also launched an investigation on the issue upon the criminal complaints.  

 Fraud cases in Turkey crypto world money allegedly happened. It was stated that the crypto money exchange Thodex users, which attracted attention by announcing that it will distribute 2 million Dogecoin in the past days, cannot withdraw their money from the system.

  The company announced in its statement two days ago that all problems will be resolved after 6 hours of planned maintenance work. After the announced period, the company made another statement after the problem continued, and this time, the maintenance work would take 4-5 days.

 However, it is stated that 391 thousand people who have active accounts in Thodex are in a state of panic due to the ongoing problem. The claim that worries crypto money investors is that Thodex's founder and Chairman Faruk Fatih Özer fled abroad with $ 2 billion in crypto money.

  THE POLICE IS EXAMINING

  Police forces launched an investigation into the allegations. Police attachments were dispatched to Thodex's headquarters in Kadıköy, Istanbul. Cybercrime teams are currently investigating the company.  

INVESTIGATION STARTED

  Istanbul Anatolian Chief Public Prosecutor's Office has also launched an investigation on the issue after repeated criminal complaints.

Bitcoin is falling, Erhereum is on the rise.

Bitcoin, which is considered to be the ancestor of crypto money, causes a sales wave in the markets. In general, other altcoins that follow Bitcoin fell far below their value with rapid sales. Bitcoin fell from its peak of $ 64,813 to $ 52,596. 

 Active days continue in the crypto money markets. As the sales wave has been effective in recent days, investors have started to sell the coins in their wallets at a loss. While the screens turned red in the crypto money markets, there was a sharp decline in Bitcoin.

  The cryptocurrency Bitcoin tested its historical high of $ 64,813 last week. After this point, Bitcoin, which faced hard sales, lost over 18 percent in 6 days and dropped to the level of $ 52,596.

Thus, Bitcoin's share in all markets has declined to 50.4 percent for the first time in nearly three years, since mid-2018. 

Ethereum, which is among the most preferred among crypto currencies, started to spread in waves. Ethereum, which has been rising steadily since the beginning of the year, rose from $ 800 to $ 2543 last week. Ethereum, which rose by 217 percent in about 4 months, started to get stronger due to the decrease in the supply in the market.

 

PROFIT SALES IN DOGECOIN

  Dogecoin, which gained popularity after the tweets of billionaire businessman Elon Musk, owner of Tesla, was among the stars of last week. Dogecoin has entered a downtrend as many small investors fold their money. When we examine the last month, Dogecoin has increased from 0.40 lira to 3.33 lira. Profit sales began to be seen in Dogecoin, which earned approximately 750 percent.

50 percent sharp drop expectation in Bitcoin

Guggenheim Partners CIO Scott Minerd predicted that the world's largest cryptocurrency will drop 50 percent in the short term, Minerd said it is bullish in the long run and prices could rise to the $ 400-600k range.

 

Guggenheim Partners CIO Scott Minerd said he expects Bitcoin to rise in the long term, but there may be a 50 percent decline in the cryptocurrency, which has recently risen "too much and too fast".

Speaking to CNBC, Minerd said, "We have seen a big movement in the short term, foam has formed, I think there will be a big correction in bitcoin.

Bitcoin is trading around $ 55,000 today, after reaching an all-time peak last week, approaching $ 65,000.

Noting that Bitcoin can be pulled to 20-30 thousand, Minerd said, "This means a 50 percent decrease. We've seen such drops in Bitcoin before. " He spoke in the form. Minerd also predicted that my prices would rise in the long term, reaching the range of 400 thousand - 600 thousand dollars.

Bitcoin continued its big rally, which started in 2020, this year as well, and has risen around 90 percent since the beginning of the year. Institutional interest has also been one of the factors that triggered the rise of crypto money. While some companies such as Tesla invest in bitcoin, many companies from Mastercard to Goldman Sachs are also taking steps related to cryptocurrencies. 

The reasons for the drop in bitcoin?

With the hard withdrawal movement of Bitcoin, big sub-coins such as Etherium, Litecoin, Cardano, Polkadot, Stellar lost more than 20 percent in value.  

 

Bitcoin and Ethereum fell around 10 percent on the market, while Litecoin and Ripple fell more than 15 percent. There has been a slight decline for Bitcoin overnight. This drop in Bitcoin caused a decline in other cryptocurrencies.

 Bitcoin prices fell sharply due to the sharp decline in the hash rate, which expresses the estimated computational power miners spend on the Bitcoin network, and for reasons based on allegations that the United States was preparing for "money laundering accusations". Bitcoin prices are moving at the limit of 57 thousand in these minutes.

The sharp decline in the hash rate, which expresses the estimated computational power miners spend on the Bitcoin network, and the reasons based on the arguments that the United States is preparing for "money laundering accusations", Bitcoin, which fell sharply, turned from $ 52,000 to $ 59,000 at the weekend. The total market volume, which was reduced to $ 2.0 trillion with the sharp decline in Bitcoin, turned to $ 2.09 trillion. Bitcoin prices are moving at 56 thousand 920 dollars, decreasing by 8.07 percent as of 12.02 am on the first day of the new week.

According to analysts; This sharp drop in Bitcoin was due to a collapse in the "hash rate" and rumors that the US is about to accuse some of the "financial institutions" that have not disclosed the name of money laundering associated with cryptocurrencies.

 

Daily Strategy Bitcoin analysis

 Daily Strategy Bitcoin analysis

As long as BTCUSD stays above 56,525, the short-term POSITIVE expectation is in the foreground. For this reason, falls are an opportunity to buy. With 1 hour closing above 56.739 level, short term buying pressure towards 59.395 resistance can be expected to continue.

 Below 56.525 1 hour closures should take place. With such a move, there will be a sales pressure towards 54.416 support. The buyers will continue to maintain their power with the day closings above 54,416 support.

 

 

Dogecoin broke a record! 405 percent increase in one week

While all cryptocurrencies fell, Dogecoin increased by 21.9 percent in one day and 405 percent in a week, reaching the top 5 in crypto currencies.

The cryptocurrency shocked the market day, dropping more than 10 percent, upsetting the markets. The cryptocurrency, which saw sharp declines due to the reasons prompted by the games for the preparations for the US money laundering accusation, has recovered today. 

 

  Bitcoin, which has the highest market value of cryptocurrencies, has seen a 2.1 percent increase in the last 24 hours. Bitcoin, which has decreased by 0.7 percent again in the last hour, lost 5.7 percent in 7 days. While Bitcoin rose from 52 thousand dollars yesterday to 57 thousand 661 dollars today, it still did not reach the level of 64 thousand 804 dollars it saw on April 14.

Ethereum, which ranked second, also increased 3.7 percent in the last 24 hours. The crypto currency, which has gained 1079 percent in 1 year, has lost 1.3 percent in value with the relaxation it has experienced for the last 1 hour. While Ethereum was traded at $ 2,207.10, Binance Coin, which ranked third, gained 0.1 percent in 1 hour and 14.3 percent in a 24 hour period. The crypto money, which has gained 3044.99 percent in 1 year and is currently in the $ 520.59 band, is far from its historical record of $ 610 on April 12.

Other cryptocurrencies have also recovered from the sharp declines yesterday. The crypto currency Dogecoin, which emerged with a joke on social media, again puts its difference and rose to 5th place today, while it was 8th on April 16th. Dogecoin, the crypto currency that did not fall from the crypto earthquake yesterday, has seen an increase of 405 percent in the last week. 

Dogecoin, which rose 21.9 percent in one day, increased by 18.123 percent in 1 year. The current market volume of crypto money, whose market volume exceeded $ 36 billion on April 16, has exceeded $ 48 billion 700 thousand. Dogecoin, at the level of $ 0.375, has been decreasing 6.6 percent in the last 1 hour. Dogecoin hit an all-time high at $ 0.418 a few hours ago.