Despite recent price swings, Bitcoin hasn't moved far from its starting position, continuing its sideways pattern. As noted previously, Bitcoin's investor base has evolved this cycle, with more liquidity entering the market and more patient holders contributing to price stability despite macro uncertainty. Meanwhile, altcoins face heavy selling pressure, with many struggling to achieve adoption or product-market fit. This has led to falling prices across all altcoin sectors, which have underperformed Bitcoin in recent weeks.

What Is Wasabi Wallet?

Wasabi is a privacy-based open-source wallet available for Windows, Linux, and macOS. It implements a trustless approach for coin shuffling with mathematically provable anonymity: Chaumian CoinJoin. Wasabi is the first full implementation of the CoinJoin protocol which provides confidentiality of transaction inputs and outputs by mixing transactions with other users. By interacting with its four-tab interface, you can send and receive Bitcoins using CoinJoin. You can also track your transactions.

Wasabi wallet lets you hide your all sensitive information with a click of a button. It protects you from shoulder surfing.

One of the main arguments for the mass adoption of cryptocurrency is that it offers the ability to transact in a truly private, yet transparent way. Anything that allows people to be more secure and independent, while also enabling more freedom and autonomy, should be celebrated. Cryptocurrency wallets are an important part of this equation. They allow you to keep your money safe and accessible, but they can also expose you to other threats if they aren't designed with privacy in mind. That’s where Wasabi wallet takes the lead as it’s believed to be the first wallet with commercial-grade privacy.

Wasabi protects your privacy by implementing CoinJoin. CoinJoin is an old technique for increasing privacy in Bitcoin transactions, where multiple senders and receivers transact with each other directly, without needing to trust any third party. Wasabi takes CoinJoin to the next level by combining it with novel new technologie,s such as Chaumian CoinJoin, Dandelion++ protocol, and Tor integration. This makes the transactions indistinguishable from each other in a way that doesn't leak information about who transacted with whom.

Wasabi is a non-custodial crypto wallet, which means you are the one who holds the keys to your crypto assets. It's similar to keeping cash in your hand, as opposed to storing it in a bank. The difference is that, with a bank account, the bank stores your money and keeps track of how much you have by updating their records accordingly. With non-custodial wallets, there is no third party involved - no middleman who can lie or make mistakes - so you are solely responsible for ensuring that your funds are safe.

The protocol aims to increase the privacy of Bitcoin transactions by allowing multiple parties to contribute inputs and outputs, and obscuring which output belongs to which input. If a user spends coins that were received earlier in the same transaction, the user is revealing a link between her past and present identities. The more often this happens, the easier it becomes to de-anonymize users through data analysis. In order to improve anonymity, users can bundle their transactions into one bigger transaction before broadcasting it to the network (e.g., by waiting for other people's transactions to arrive).

CoinJoin is a decentralized mechanism for anonymization that does not require trust between participants or the participation of any trusted third party (such as a bank or an exchange).

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Here's the Analysis of #AAVE :

#AAVE dropping hard and rejected the strong support zone of $195 - $199 and might continue lower market is strongly bearish. Also there's a supporting trendline. which might act as support for slightly getting a reaction. No buys until clear confirmation, only short- sells can be done.

#BTC kept on dropping lower and broke all the key area of the supports and now in a strong bearish trend, going for a retest now. Now, on a resistance and can reject and goes into the consolidation.

#BTC.D goes with the sideways approach and we saw how market strongly decline in price. Alts suffered most of the pain in the relief rally and dump. Now is zone and need to see a break below of Dominance below 60.50% which can lead in alts recovery.

Looking at altcoin price movements with a special analysis tool (PCA), we can see that most tokens fell together in the recent market drop. The chart shows ERC-20 tokens grouped closely together, meaning they all behaved very similarly. Almost no tokens were able to avoid the sell-off, showing that investors treated all altcoins the same way rather than considering each project's unique qualities.

Here's the Analysis of #TAO :

#TAO gave the break below of the channel pattern and started trending below the resistance area. Right now, price action is not clear enough and $317 area will work as support zone, so wait for it.

#BTC did a perfect drop with the retest of the resistance, now its going more that what we expected. $77,000 will be the great area of interest for the reversal.

#SAND dropped with the market trend, and wat it wat tot he support, making the short around 22.5% in profits. Closing major positions here, as price already reacted from the and now we can do some relief rally.

Another $850M+ wiped with this drop.

$5,780,000,000 worth of Bitcoin & Ethereum options expire today. 👀

#BITCOIN DAILY TF UPDATE :

#BITCOIN on Daily TF, gave a sharp close below and of the support zone and kept on dropping. Price formed a pin bar candlestick pattern. which might lead in some pullback now.

What Is a Wash Trade?

In a wash trade, a trader buys and sells an asset for no obvious reason other than feeding the market misleading information. It can occur between colluding parties, which execute opposite ends of a trade for their own gain. This form of trading can also mislead investors by making trading volumes appear much higher than they are in reality.

Wash trading in crypto has been most common in the NFT space and in altcoins with a low market capitalization. These assets have low liquidity and lend themselves to manipulation like pump and dump schemes. Parties engaged in wash trading make the assets appear more liquid and sought-after than they are in reality, which can trick unsuspecting investors into buying and pushing up the price.

Since cryptocurrencies are traded across different exchanges and don't have a standardized framework to calculate trading volumes, wash trading is easy to disguise. Crypto firms and exchanges can, therefore, come up with different trading volumes and statistics, like all-time highs. Furthermore, malicious actors may use wash trading on some exchanges to spoof the price on other exchanges, thereby creating FUD in the market.

How Much of Crypto Is Wash Trading?

The precise share of wash trading in crypto markets is impossible to define since markets do not coordinate information and share no common analytical framework. Still, a 2022 study by Forbes found that more than half of all reported Bitcoin trading volume on 157 crypto exchanges can be described as wash trading.

Is Wash Trading Illegal?

Wash trading securities is illegal. According to the IRS, a wash sale is a sale that happens within 30 days of purchasing a security and generates a loss.

Here's the Analysis of #ADA :

#ADA is been dropping hard lower towards the support zone and a flip below of the area. Its a clean downtrend forming a lower low and lower high, so can see a drop lower a closure at $0.61

#BITCOIN WEEKLY TF UPDATE :

#BITCOIN on WEEKLY TF, gave a indecision candle and made a very sharp expansion to the downside, almost touching the previous market structure point. Well, the aggressive sells might come will continuation or turn it into a retracement.

#BNX holding the support zone strongly and gone into the consolidation now and its a retest, so buys look healthy enough for now again.