Bitcoin 
BTCUSD,ether 
ETHUSDand against the backdrop of ongoing Middle East tensions and post-halving volatility, major altcoins briefly fell amid news that Samurai Wallet founder was arrested by the US Department of Justice (DOJ). did.
On April 24, Cointelegraph reported that Samurai Wallet's CEO Keon Rodriguez and CTO William Hill were charged with conspiracy to commit money laundering and unauthorized use, respectively. They will each be charged with one count of conspiracy to operate a money transfer business.
Within an hour of the Justice Department's announcement, the price of Bitcoin fell by 3.6%. The price fell below the key support level to $63,710 before recovering slightly to $64,546, according to data from CoinMarketCap.
Ethereum, on the other hand, fell 2.51% during the same period, but failed to rebound and fell further to $3,158.
The biggest altcoin also took a hit, PEPE 
PepeUSD Although there was a decline of only 6.4%, Shiba I
SHIBUSD Dogecoin fell 2.7% 
doge usd The stock temporarily fell 3.2% following the announcement.
Plunging prices in the top two cryptocurrencies by market capitalization have triggered widespread liquidations of long positions.
According to data from CoinGlass, in the past 12 hours, long positions worth $33.08 million were liquidated in Bitcoin, $29.88 million worth of long positions were liquidated in Ethereum, and about $23 million worth of long positions were liquidated in the rest of the crypto market overall. Long position was liquidated.
The decline in the cryptocurrency market is also against the backdrop of further escalating geopolitical tensions in the Middle East.
According to local reports, on April 24, Israeli forces attacked around 40 locations linked to Hezbollah in southern Lebanon.
The crypto community had already expected some short-term volatility following the Bitcoin halving event that occurred a few days earlier on April 20th.
On April 24, pseudonymous crypto trader Recto Capital predicted to his 456,400 X followers that the next bull market peak won't occur until late 2025, about 546 days after the halving. He said he was there.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk and readers should conduct their own research when making decisions.
