US DOJ strike force 'restrains' $701M in crypto in ongoing scam crackdown

Burns Brief

Besides freezing crypto, the strike force also seized a Telegram channel used to recruit unsuspecting job seekers and took down 503 fake crypto investment websites The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.