From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

An anonymous hacker or hackers has apparently managed to steal $20 million in several crypto assets from US government wallets. Reportedly, the hackers have already begun laundering the money.

These stolen funds initially came from the $3.6 billion that law enforcement seized from Bitfinex hackers.

US Government Hacked?

$20 million in assorted crypto assets from the US Government’s massive stash have evidently been stolen by unknown hackers. This hack was first noticed by Arkham Intelligence, who stated that these assets unexpectedly moved.

“US Government linked address appears to have been compromised for $20 million. We believe the attacker has already begun laundering the proceeds through suspicious addresses linked to a money laundering service,” Arkham stated.

Read More: 9 Crypto Wallet Security Tips To Safeguard Your Assets

Crypto sleuth ZachXBT, who recently cracked another crypto money laundering case, concurred with this conclusion. He noted that these possibly stolen funds immediately moved to several instant exchanges, presumably so the hacker could quickly profit. The stolen assets are all in USDC, USDT, aUSDC, and ETH.

The United States is one of the largest single holders of Bitcoin and other crypto assets due to a long history of massive criminal asset seizures. In the past, even minor hints of preparation for a hypothetical sell-off have caused panic in the markets. If these hackers can penetrate the government’s security and successfully launder stolen funds, it would be a sign of concern.

Arkham mentioned that these assets came from the $3.6 billion in Bitfinex seizures, further complicating the potential fallout. The US government has taken several steps this month to begin the restitution process from the 2016 hack. Specifically, it designated a path for defrauded users to recover assets and compelled the hackers to renounce claims to the funds.

Read More: Crypto Project Security: A Guide to Early Threat Detection

As of now, however, the identities of the attackers and the nature of this wallet vulnerability are unknown. Moreover, the US government has not given any confirmation regarding the incident.

Bitcoin price is attempting a fresh increase above the $37,000 zone. BTC could gain pace if it clears the $68,800 resistance zone.

• Bitcoin started a fresh increase from the $65,200 zone.
• The price is trading above $67,500 and the 100 hourly Simple moving average.
• There is a new connecting bullish trend line forming with support at $67,450 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could gain bullish momentum if it clears the $68,800 resistance zone.

Bitcoin Price Starts Fresh Increase

Bitcoin price found support near the $65,200 zone. A low was formed at $65,199 and the price started a fresh increase above the $67,000 resistance.

The price climbed above the $67,500 and $68,000 levels. It even cleared the $68,500 level. A high was formed at $68,794 and the price is now consolidating gains. There was a minor decline below the $68,000 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $65,199 swing low to the $68,794 high.

Bitcoin price is now trading above $67,500 and the 100 hourly Simple moving average. There is also a new connecting bullish trend line forming with support at $67,450 on the hourly chart of the BTC/USD pair.

On the upside, the price could face resistance near the $68,250 level. The first key resistance is near the $68,500 level. A clear move above the $68,500 resistance might send the price higher. The next key resistance could be $68,800.

A close above the $68,800 resistance might initiate more gains. In the stated case, the price could rise and test the $69,500 resistance level. Any more gains might send the price toward the $70,000 resistance level.

Another Decline In BTC?

If Bitcoin fails to rise above the $68,500 resistance zone, it could start another decline. Immediate support on the downside is near the $67,800 level.

The first major support is near the $67,500 level and the trend line. The next support is now near the $67,000 zone and the 50% Fib retracement level of the upward move from the $65,199 swing low to the $68,794 high. Any more losses might send the price toward the $66,000 support in the near term.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $67,500, followed by $67,000.

Major Resistance Levels – $68,500, and $68,800.