<strong>Binance blocks accounts of Russian High Command relatives, Ethereum 2.0 deposit contract holds 10% of the whole ETH circulating supply, The cycle repeats itself: Bitcoin analyst suggest there might be a 24k bottom</strong>

Binance blocks accounts of Russian High Command relatives

Accounts from the Russian Government relatives were blocked by the leading Cryptocurrency Exchange, Binance. After economic sanctions were imposed upon Rusia, multiple finance companies have decided to shut down their doors to the Kremlin’s High Command and their relatives, thus making it harder for them to use Crypto as an escape financial route.

The people affected by this stand were Kremlin spokesman’s daughter Elizaveta Peskova, Dmitry Peskov, and Polina Kovaleva, who is the stepdaughter of foreign minister Sergei Lavrov.

Ethereum 2.0 deposit contract holds 10% of the whole ETH circulating supply

Data showed that the deposit contract for staking ETH on the Beacon Chain has reached a 12 million ETH balance. ETH 2 now has a locked Ether value that reaches $34.5 Billion.

Ethereum’s transition to Ethereum 2.0 has been watched closely during the last two years and Beacon Chain is a key to Proof of Stake (PoS) consensus model, to which Ethereum is moving.

The merger date keeps getting postponed, making the transition have effects on the crypto market (especially Ethereum pairs). 

The cycle repeats itself: Bitcoin analyst suggest there might be a 24k bottom

The current Bitcoin price movements indicate that investors will most likely experience a drop to the $24.000 level. 

As it happens after every market cycle, the price starts looking for strong supply and demand zones where the heavier orders are set. After failing to reach $100.000 for 2021, it is completely logical to assume Bitcoin will find new lows before the next halving comes.

As for the $24.000 levels, experts agree that this would mean the end of a bearish cycle in the cryptocurrency market.