Crypto.IQ Daily Radio Show June 20: Bitcoin (BTC) Once Again Testing Resistance At $9,400-$9,500, QuadrigaCX Founder Stole Money From The Exchange And Then Lost Tens Of Millions Of Dollars

On this edition of the Crypto.IQ Daily Radio Show we do a deep dive market analysis. Bitcoin (BTC) is trading near $9,300 this morning, and it appears it could be testing resistance near $9,400-$9,500 sometime today. Increasing tension with Iran may be fueling Bitcoin (BTC) demand. Additionally the stock market is at its long term resistance level, and if history repeats itself and stocks go down from this level, it may fuel increased Bitcoin (BTC) demand. We discuss how the Founder of QuadrigaCX, Gerald Cotten, was making fake accounts on the exchange and loading them with fake money, and then buying real cryptocurrency with the fake money. Cotten then withdrew the cryptocurrency for margin trading and lost tens of millions of dollars due to multiple trading account liquidations. This disproves the original story that QuadrigaCX lost all their money because Cotten died with the private keys for the cold wallet. Hear about how Algorand, which is somewhat like a Proof of Stake version of Ethereum (ETH), has raised $60 million in an ICO. Some people are overstating the market cap of Algorand at $24 billion. Only 0.25% of all Algorand tokens were sold, and as more of the supply is distributed the price will drop significantly.