Elizabeth Warren Wages War Against Elon Musk With New Bill, What’s Happening?

Monicah W

Elizabeth Warren Wages War Against Elon Musk With New Bill, What's Happening?

The U.S. Senator for Massachusetts, Elizabeth Warren, has cracked down on billionaire Elon Musk, aka D.O.G.E (Department of Government Efficiency) lead, regarding his federal duties. A recent X post by the Senator revealed that Warren introduced a new bill to relieve Musk of his government role alongside other SGEs (Special Government Employees).

Elizabeth Warren Introduces Bill Seeking Ethical Government Functioning; Clamps Down on Musk & SGEs

Senator Elizabeth Warren criticized how unelected billionaire Elon Musk makes $8 million a day leveraging his government role while he’s at it. In her X post on April 14, the Senator said, “Musk should not be acting as co-president of the U.S. and making” such a ridiculous amount from it.

“My new bill would crack down on conflicts of interest for Elon Musk and all Special Government Employees,” she added. Reportedly, this new legislative push is led by Sen. Warren, D-Mass, and Rep. Melanie Stansbury.

It’s noteworthy that Sen. Warren and others introduced the new bill in the Senate and House this week. Its primary aim is to prevent SGEs like Elon Musk (who lead companies worth $1 billion or more) from functioning within such federal agencies.

Notably, these federal agencies are also known to interact with Musk’s companies, such as SpaceX and Tesla. Reports from across the globe reveal that both firms collectively received billions of dollars via government contracts over the past decade.

In turn, Sen. Elizabeth Warren introduced a new bill aiming to crack down on the abovementioned feat. Besides, an official reply by the American billionaire remains much awaited regarding this development.

On the other hand, CoinGape recently reported that Warren called for an investigation into Trump’s tariffs flip-flopping, deeming it to be a market manipulation move. She even blamed Trump for crashing the U.S. economy with his tariffs chronicle.

Nationwide masses are currently left speculating whether the bill’s approval could trigger a negative sentiment, given that the Tesla lead has already aided the U.S. government in saving billions to date.

The post Elizabeth Warren Wages War Against Elon Musk With New Bill, What’s Happening? appeared first on CoinGape.

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FARTCOIN’s 250% Rally Faces Potential End as Buyers Near Exhaustion

The Solana-based meme coin FARTCOIN has emerged as an unlikely outperformer over the past month. The altcoin has defied the broader market troubles and surged by nearly 250% in the past 30 days.  

However, buyer exhaustion could soon set in, potentially triggering a wave of profit-taking among FARTCOIN holders eager to lock in gains.

FARTCOIN Enters Overbought Zone 

FARTCOIN’s triple-digit rally has pushed its price above the upper band of its Bollinger Bands (BB) indicator, a sign that the meme coin is overbought. 

FARTCOIN Bollinger Bands.
FARTCOIN Bollinger Bands. Source: TradingView

The BB indicator identifies overbought or oversold conditions and measures an asset’s price volatility. It consists of three lines: a simple moving average (middle band) and two bands (upper and lower) representing standard deviations above and below the moving average. 

When the price breaks above the upper band, it means the asset’s current value is moving significantly away from its average, making it overbought and due for a price correction.

This pattern suggests that FARTCOIN’s current price level may not be sustainable, increasing the likelihood of a near-term pullback.

Moreover, readings from the token’s Relative Strength Index (RSI) confirm its nearly overbought status. At press time, this momentum indicator rests at 69.09. 

FARTCOIN RSI.
FARTCOIN RSI. Source: TradingView

The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.

At 69.09, FARTCOIN’s RSI signals that the meme coin is nearly overbought. Its upward momentum may be weakening, and a price correction could be near.

Will It Hit $1.16 or Slip Back to $0.37?

If the current momentum fades, FARTCOIN could face a short-term correction that causes it to shed some recent gains. In that scenario, the Solana-based asset could retest support at $0.74.

Should it fail to hold, the downtrend strengthens and could continue toward $0.37. 

FARTCOIN Price Analysis.
FARTCOIN Price Analysis. Source: TradingView

However, if FARTCOIN maintains its uptrend, it could rally to $1.16. 

The post FARTCOIN’s 250% Rally Faces Potential End as Buyers Near Exhaustion appeared first on BeInCrypto.

BTC Price Volatility Spikes Up—Is it a Good Time to Buy Bitcoin?

The post BTC Price Volatility Spikes Up—Is it a Good Time to Buy Bitcoin? appeared first on Coinpedia Fintech News

The US markets are experiencing one of the massive pullbacks, with major stocks plunging by a huge margin. The crypto markets also heated up, recording more than $500 million in liquidation. The bearish waves rolled out within the markets due to Trump’s tariffs impacting the global markets. The trading volume spiked, increasing the selling pressure, while the market cap dipped close to $2.63 trillion. 

Will Bitcoin Rise to $250K, or Will Macro Headwinds Hold Some Dominance?

Ever since the tariffs were announced, the markets began to experience massive selling pressure due to a notable rise in uncertainty. While gold prices continue to mark new highs, the strength of the US dollar has been constantly plunging. The DXY Index faced a massive 2.83% pullback while still holding above the crucial support at 100. 

As seen in the above chart, the DXY Index seems to be in deep trouble as the DXY has printed massive bearish candles not seen in recent history. This could be a massive bullish signal for Bitcoin and the crypto markets, as the investors may find them a haven asset compared to the USD. On the other hand, the BTC hash rate has surged and marked a new ATH at around 975.96M, hinting towards an increased mining activity that sheds light on the bullish market sentiments. 

The rise in the BTC hash rate suggests a more secured network that could boost the investor’s confidence. Despite the bullish signals, the BTC price is believed to break the crucial support as the star token may face a death cross soon. 

Where’s Bitcoin’s (BTC) Price Heading Next?

It is quite evident that the selling pressure has been mounting over the BTC price rally over the past few days. As a result, the support at $81,000 will be tested anytime from now. However, an extended pullback to $80,000 is expected to confirm a bearish pattern, which could drive the price below the range. 

As seen in the above chart, the 50/200-day MAs are heading towards a bearish crossover while the price is experiencing equal bullish and bearish pressure. If the seller’s dominance continues to prevail, the BTC price is expected to form new bottoms for the year that could further trigger a strong recovery phase, reclaiming the lost resistance levels above $85,000. This suggests Bitcoin is about to offer a good buying opportunity in the coming days, probably below $79,000. 

The post BTC Price Volatility Spikes Up—Is it a Good Time to Buy Bitcoin? appeared first on Coinpedia Fintech News
The US markets are experiencing one of the massive pullbacks, with major stocks plunging by a huge margin. The crypto markets also heated up, recording more than $500 million in liquidation. The bearish waves rolled out within the markets due to Trump’s tariffs impacting the global markets. The trading volume spiked, increasing the selling pressure, …