IRS Files Claim Worth $44 Billion Against FTX

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Today’s Cryptocurrency Headline

The US Internal Revenue Service (IRS) has filed a claim worth nearly $44 billion against cryptocurrency exchange FTX and its affiliates. The claims were made against various entities, including FTX US, Ledger Holdings, and Blockfolio, with the largest being a $20.4 billion claim against Alameda Research LLC. These claims were submitted under “administrative priority,” which may give the IRS priority over other creditors in the bankruptcy case. FTX’s bankruptcy lawyer has confirmed assets worth over $5 billion. FTX initially estimated its total assets to be between $1 billion and $100 billion.

BingX’s Bitcoin Chart

Source: TradingView & BingX

The daily candlestick chart of BTC shows a high of 28,300 and a low of 27,400. The current trend seems to be testing the resistance level at 28,500. However, the EMA15 moving average is forming a death cross, indicating a possible bearish signal. The MACD also shows a potential top divergence, which may limit the upside at around 27,000. In the short term, the trend is still uncertain, with the price struggling to break above the EMA30 resistance point. The MACD is also showing a potential bottom divergence. Overall, the market is currently in a state of flux and it’s unclear which direction it will take.

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