Good Morning Crypto Enthusiasts!

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

1. BTC Retreats: Bitcoin fell 13.7% over 12 days, pulling the Crypto Fear & Greed Index to 65, its lowest since October.

2. Solana Co-Founder Sued by Ex-wife: Stephen Akridge’s ex-wife, Elisa Rossi, sued him over staking rewards from SOL tokens she claims ownership of.

3. 📈Technical Analysis Masterclass - Dogecoin has hit a critical support level. Watch UseTheBitcoin’s latest Youtube video “Dogecoin Price Warning (DOGE)” to see a concise breakdown of the situation or join our Official Telegram Channel for more alpha!

4. Crypto Job Scams: Scammers posing as crypto recruiters lure victims with high-paying offers, only to install malware via fake Chrome updates.

5. 💡Feature of the Day - Squid Game Scam Tokens: Fraudulent tokens using Squid Game branding surged alongside the show’s Season 2 release.

   
   All this and more in today’s headlines!

📰 News Highlights:

BTC Retreats [Source][Source][Source]

Bitcoin has declined by 13.7% over the past 12 days, pulling the Crypto Fear & Greed Index to its lowest score since October 15.

As of December 30, the index recorded a score of 65, still within the "greed" zone but significantly lower than its November peak of 94.

Bitcoin's price currently hovers around $93,000, sparking concerns among traders about a potential "huge dump" as funds shift toward stablecoins.

Solana Co-Founder Sued by Ex-wife [Source][Source][Source][Source]

Elisa Rossi, the ex-wife of Solana co-founder Stephen Akridge, has filed a lawsuit accusing him of secretly earning millions from staking rewards on SOL tokens she claims ownership of.

According to the complaint, the couple's divorce agreement in March 2024 divided their SOL holdings, but Akridge allegedly retained control of the tokens, continuing to earn rewards without Rossi’s knowledge.

Text exchanges show Rossi repeatedly asked for the staking rewards, which Akridge reportedly refused to return.

 📈Technical Analysis Masterclass:

Dogecoin Price Warning (DOGE)

Current Market Status

• Significant Downturn: Dogecoin has lost about 35% of its value, raising concerns among investors and traders.

• Fair Value Gap (FVG): The price has reached an FVG, a chart imbalance often revisited by traders, where support levels are beginning to form.

Key Technical Analysis

• Support Level: Holding the current support is crucial to avoid targeting a lower FVG, which could result in further price drops.

• 100-Day Moving Average (100MA):

  • Located within the FVG zone, reinforcing its importance as a support area.

  • Often acts as both a psychological and technical magnet for price stability.

Strategic Considerations

• Wait for Confirmation: Look for a bounce to confirm support before entering the market.

• High Speculation: As a meme coin, Dogecoin’s value is driven more by hype than fundamentals, making it highly speculative.

• Risk Management:

  • Always set a stop-loss to limit potential losses.

  • Avoid premature entry without clear confirmation of a bullish trend.

Crypto Job Scams [Source]

A new crypto job scam is luring victims with high-paying offers but ends in a malware attack that compromises their devices.

Blockchain investigator Taylor Monahan revealed that hackers pose as recruiters from major crypto firms, offering salaries of up to $350,000.

Instead of using malware-laden PDFs, the scammers convince victims to "fix" microphone or camera access issues, leading to malicious Chrome updates.

🎁Freebie:

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💡 Feature of the Day: 

Squid Game Scam Tokens [Source][Source][Source]

The release of Squid Game Season 2 on Netflix has coincided with a surge in fraudulent crypto tokens bearing the show's name.

Blockchain security firm PeckShield flagged several of these tokens, some of which dropped 99% shortly after launch.

Community members warn against investing in these tokens, citing past scams.

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😂 Crypto Meme of the Day: 

Meme of the day provided by @TheBTCTherapist

And that’s it for this today.

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See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com