Pokrovsk Faces DISASTER As Corruption SCANDAL Rocks Ukraine
The EU Comission spokesperson Guillaume Mercier has reacted to the big corruptions scandal in Ukraine and has stated that it’s a sign that the anti-corruption system in Ukraine is actually working.
Corruption scandal proves Ukraine's anti-corruption bodies work – European Commission
Andrii Yermak has stated that any investigation should be fair, professional and impartial, but must not be used to de-stabilise the Ukrainian leadership, a fact which would help Russia.
Ukraine scrambles to limit damage from blockbuster corruption scandal
“Clearing any corruption in any government institution is a matter
of dignity for our government,” prime minister tells POLITICO.
The corruption scandal rocked Kyiv at an awkward moment, as
Ukraine is urging EU partners to take a huge risk and agree on a €140
billion reparation loan. | Ukrinform/NurPhoto via Getty Images
Kyiv has now unveiled a series of moves to reassure allies. One
senior Ukrainian official, granted anonymity to speak candidly to
POLITICO, said the leadership wants to show urgency in cleaning up
corrupt schemes since they undermine the country as it faces Russian
President Vladimir Putin’s ongoing onslaught.
Those moves include the almost-immediate ousters of German Galushchecnko and Svitlana Hrynchuk, the ministers of justice and energy, respectively. Zelenskyy announced Friday that Svyrydenko will submit new candidates for the posts.
In addition, the government announced Tuesday the relaunch of the
supervisory board of nuclear energy operator Energoatom — the state
organization at the center of the scandal — and got rid of the company’s
supervisory council and vice president.
A major financial audit was announced Wednesday of state procurement
contracts in Energoatom and other state-owned companies, primarily from
the energy sector.
The government also stopped the competition Thursday for the post
running Ukraine’s state gas transportation system, as one of the
finalists was featured on NABU wiretaps as a potential suspect in
Mindich’s alleged schemes. In addition to that, the authorities
instructed supervisory councils to conduct audits of all state strategic
enterprises, primarily in the energy sector.
Ukrainian watchdogs, however, say that further steps will be required to fully restore trust.
Zelenskiyy has stated that it’s the military commanders on the ground who will make the decision of withdrawing from certain areas.
He has also stressed that Russia wants to put more pressure on Ukraine before spring, by striking it’s energy sector.
Bitcoin Price Readies For Recovery As Its MVRV Ratio Falls To Key Reversion Zone
Key Insights
Bitcoin short-term holder MVRV ratio drops to the 1.0–1.15 range. Here’s why this is historically significant.
Bitcoin’s Puell Multiple signals that Bitcoin may now be oversold.
A look at why caution is warranted as whale activity cools slightly after previously demonstrating aggressive demand.
Bitcoin price just concluded another week in the red, but the bears
have eased off their assault in the last 24 hours. Is the cryptocurrency
finally ready for a solid rebound, especially now that it is more
discounted?
Bitcoin price
just went through yet another massive selloff this past week. The
cryptocurrency has maintained an overall downtrend since October. As
expected, previous bearish capitulations have cultivated more skepticism
in the cryptocurrency’s bullish prospects.
Although downside risks remained active, there were multiple signals
that may point towards a potential pivot. The Bitcoin short-term holder
MVRV, for example, indicated that the cryptocurrency may be in a
reversion zone where a pivot is likely to occur.
BTC short term holder MVRV indicator/ source: CryptoQuant
The indicator recently dropped to its 12-month support level. Price
bounced back at least three times after retesting the same zone.
It was, however, worth noting that there were a few times where the
Bitcoin price extended its retracement and the indicator went even
lower.
Was Bitcoin Price Oversold at Recent Lows?
Previously observed data highlighted a potential Bitcoin price
support wall near $94,000. We also observed a significant demand spike
from BTC whales on Friday.
The Bitcoin price was up over 1.5% at the time of observation. By
definition, the cryptocurrency was not yet overbought since its RSI
bottomed out at 30. However, recent data also pointed towards an
oversold sentiment across the market.
A CryptoQuant analyst noted that Bitcoin price’s Puell multiple has
been ranging between 0.9 and 1.3 ever since the price pushed above
$90,000. Moreover, BTC has been bouncing back when the Puell multiple
dropped to the 0.9 level.
Bitcoin’s Puell multiple
According to the latest data, Bitcoin’s Puell Multiple dropped to
0.92. This could indicate that BTC was oversold based on this indicator
and that it was at or near its bottom range.
Long-term holders contributed most of the recent sell pressure. BTC
bulls may therefore have a decent chance at recovery if the same sellers
shut off the outflow taps.
Here’s What to Look out for When Assessing Bitcoin Recovery Prospects
The indicators mentioned above signaled that BTC may be at or near a
local bottom. However, there were still some risks of further downside,
with the next key support levels near $84,000 and $75,000.
Sharp Bitcoin price rebounds have almost always followed every sharp
bearish move. The cryptocurrency’s latest crash may fit that
description.
The cryptocurrency demonstrated aggressive demand from whales on
Friday. However, that demand wave cooled down in the last 24 hours. This
may indicate weak demand follow-through, in which case the price might
enter another indecisive sideways pattern.
The overall spot net flows were still in the red in the last 24
hours, by about $24.6 million. In other words, aggressive demand was not
the order of the day.
Moreover, Bitcoin ETFs recorded $492 million worth of outflows. This indicated that ETFs were not confident of a strong weekend bounce back.
Meanwhile, the fear and greed sentiment was down to 10, hence the
market was in extreme fear. This was the lowest point that the index
achieved in the last 12 months.
The last time the market sentiment was that low was on 27 February
2025. BTC price responded with a sizable but limited bounce back then,
and could be gearing up for a similar move now. However, weak demand
from whales and long-term holders could also underscore more BTC downside risks.
Disclaimer
The
contents of this page are intended for general informational purposes
and do not constitute financial, investment, or any other form of
advice. Investing in or trading crypto assets carries the risk of
financial loss. The forecasted data (also called “price prediction”) on
this page are subject to change without notice and are not guaranteed to
be accurate.
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Timestamps:
Bitcoin News Today! 0:00
Bitcoin Price Analysis! 1:59
Bitcoin Dominance! 9:38
Ethereum Price Analysis! 10:10
Solana Price Analysis! 12:33
XRP Price Analysis! 13:57
Chainlink Price Analysis! 15:33#Bitcoin#BTC#BitcoinPrice#Ethereum#ETH#Chainlink#CryptoWorld#Solana#SOL#Cryptocurrency#Invest#Crypto#TheFed#News#marketanalysis#entrepreneur#business#success#investment#finance#bitcoins#StockMarket#BestCryptocurrency#AltcoinSeason#AltSeason#XRP#XRPnews#XRPripple#XRPcoin#XRParmy#XRPupdate#XRPcommunity#LINK#ChainlinkCrypto#AltcoinCrashDISCLAIMER
The information presented in this video is for educational and entertainment purposes only and is not financial advice. I am not a financial advisor. Trading can result in loss of funds. Individuals must consider all risk factors including their own personal financial situation before trading. All individuals are responsible for their own trades and investments. Crypto World, "Josh" and affiliates are not responsible for individual loss due to poor trading decisions or any other actions which may lead to loss of funds.
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