Bitcoin bulls on the verge of taking out 10K

• Bitcoin looks set to hit the psychological 10K mark.

Ahead of the big halving event next week the bitcoin bulls are out in full force. The price is trading 7% higher on the session and a stone’s throw away from the 10K level. 

Looking closer at the chart we can see that the black trendline has been taken out in a very classic technical move. It could be retested in the medium term if the 10K level acts as a resistance zone but only time will tell. 

• Justin Sun’s TRON foundation has allegedly been awarded USD 2 million in subsidies, courtesy of the US CARES package.

The controversy comes after reports emerged that the firm received money from the US stimulus package US Cares. This is according to a Chinese WeChat platform post published on Wednesday.

We need to talk about this. In China Justin Sun appears to be claiming that Tron successfully applied for COVID-19 small business relief money from the United States government.