Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. WonderFi CEO Kidnapped: WonderFi CEO Dean Skurka was kidnapped in Toronto and reportedly forced to pay a $1 million ransom.

2. Mark Uyeda as Potential SEC Chair: With Donald Trump set to assume office, SEC Commissioner Mark Uyeda is viewed as a leading candidate to replace Gary Gensler as SEC Chair.

3. 📈Technical Analysis Masterclass - GRASS Coin has gained substantial traction, surging by 400% before settling into a steady uptrend. Watch UseTheBitcoin’s latest Youtube video “GRASS Coin at $3: Time to Take Profits or Hold?” to know if you should be taking profits or join our Official Telegram Channel for more alpha!

4. 💡Feature of the Day - Ethereum Massive Surge: Ethereum has seen a major rally, approaching $2,900, with traders eyeing potential for further growth. Analysts believe Ether could break past $5,000, and possibly reach $8,000 within a year.

   
   All this and more in today’s headlines!

📰 News Highlights:

WonderFi CEO Kidnapped [Source][Source]

WonderFi CEO Dean Skurka was kidnapped in downtown Toronto and reportedly forced to pay a $1 million ransom to secure his release.

Although he has since confirmed his safety, Skurka has not provided further details, and no company funds or data were compromised.

This shocking event highlights a disturbing trend of high-profile crypto kidnappings, with similar cases reported globally, often targeting executives and influencers within the industry.

WonderFi, a Canadian crypto company backed by Kevin O'Leary, remains resilient, with Skurka stating that operations are unaffected.

Mark Uyeda as Potential SEC Chair [Source][Source][Source]

As Donald Trump prepares to assume office, the crypto world is eyeing SEC Commissioner Mark Uyeda as a strong candidate to replace Gary Gensler as SEC Chair.

Known for his opposition to Gensler's aggressive stance on crypto regulations, Uyeda represents a shift toward a more cooperative approach.

He has criticized the current enforcement-driven policies as harmful to innovation and may align with Trump’s pledge to relax regulatory pressure on the industry.

While some had speculated that Hester Peirce, dubbed "Crypto Mom," could assume the role, experts believe Uyeda is the more likely choice.

 📈Technical Analysis Masterclass:

GRASS Coin at $3: Time to Take Profits or Hold?

Technical Signals

• Plateau in Price: GRASS hasn’t reached a new all-time high after its recent peak, suggesting weakening bullish momentum.

• Bearish RSI Divergence: The Relative Strength Index shows a decline in buying strength despite price hovering near highs, which may signal an impending retracement.

• Psychological Resistance at $3: This round number is a psychological barrier, likely triggering profit-taking and intensifying selling pressure.

Trading Strategy

• Short Position: Entered at $2.97 with a stop-loss at $3.10 to manage risk if the price breaks resistance.

• Take-Profit Target: Positioned around previous support levels, expecting liquidity and potential sell-offs near order blocks.

Key Reminders for GRASS and New Coins

• Risk Management: Due to high volatility and limited historical data, set strict cut-loss and take-profit levels to guard against sudden market moves.

• Strategic Caution: Newly launched coins are unpredictable, so a disciplined approach with clear exit and entry points is essential.

💡 Feature of the Day: 

Ethereum Massive Surge [Source][Source][Source][Source]

Ethereum has experienced a major rally, nearing $2,900 and capturing traders' attention for its potential to break higher.

Despite a 25% increase since the start of the year, analysts argue that Ether remains undervalued and primed for an even bigger “monster rally.”

This optimism is bolstered by Bitcoin's own record-breaking performance, which has brought renewed energy to the entire crypto market.

Top crypto traders suggest that Ethereum could soon surpass $5,000, while some believe it may even break the $8,000 mark in the next year.

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😂 Crypto Meme of the Day: 

And that’s it for this today.

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See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com