Lawyers for FTX’s disgraced former boss, Sam Bankman-Fried (SBF), have reached an agreement with prosecutors allowing him to contact certain FTX employees. Besides certain restrictions, the 30-year-old may contact such parties through a host of new mediums. The New Rules Updated terms surrounding Bankman-Fried’s contact restrictions were sent to Lewis A. Kaplan – a judge for the Southern District of New York – in a letter on Monday. Bankman-Fried’s lawyers said the updated conditions were a response to the government…
Resistance vs. Support Levels
What is Resistance Level in Crypto Trading?
A resistance level in crypto trading is a price point at which the demand for an asset is thought to be strong enough to prevent the price from rising above it. Traders can use this level as a potential target for selling their assets. For example, suppose the current price of Bitcoin is $30,000, and a trader believes that the resistance level for Bitcoin is around $40,000. The trader may sell their Bitcoin when the price reaches $40,000, assuming it…
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