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PEPE is witnessing a massive increase in selling pressure, which has resulted in a double-digit drop in the memecoin’s price over the last week.
The troubled cryptocurrency exchange FTX has taken legal action against the cross-chain protocol LayerZero Labs, aiming to recover $21 million in allegedly illicitly withdrawn funds prior to FTX's closure in November.
Historically, a notable decrease in Bitcoin hashrate, lays the ground for the price rebound. As it stands, BTC offers a buying opportunity. However, there are certain obstacles to look out for.
While whale selling pressure and little or no buying pressure contributed to BTC's ongoing downfall, the fact that BTC was close to the oversold region meant that the king of cryptocurrencies could see a trend reversal very soon.
Due to its positive correlation with Bitcoin, Worldcoin has traded within a tight range since the beginning of the month. However, daily accumulation has increased in the past few days.