{"id":22357,"date":"2023-04-21T20:52:35","date_gmt":"2023-04-22T00:52:35","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=22357"},"modified":"2023-04-21T20:52:35","modified_gmt":"2023-04-22T00:52:35","slug":"tornado-cash-suffers-13-bear-hit-will-parole-save-price","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/04\/21\/tornado-cash-suffers-13-bear-hit-will-parole-save-price\/","title":{"rendered":"Tornado Cash Suffers 13% Bear Hit, Will Parole Save Price?"},"content":{"rendered":"

Tornado Cash<\/a>\u00a0token (TORN) is trading on a negative 13% in today\u2019s trade session, canceling its previous day\u2019s gains and rally, which saw the token rise close to the $12 mark. Coinmarketcap data reveals the token to be trading at $8.77 at the time of writing, a significant drop from where it was in price yesterday.<\/p>\n

The TORN token and its decentralized mixing service platform became controversial when its developer, Alexey Pertev, was arrested mid-last year allegedly for money laundering. However, news about the possible jail release of Alexey circulated the industry yesterday, April 20, and created a rally for the TORN token.\n<\/p>\n

Tornado Cash Developer Set To Be Released On This Date<\/h2>\n

According to a recent\u00a0report<\/a>, the developer of the TORN token, Alexey Pertev, is expected to be released on April 26, 2023, after spending nine months in detention without trial.<\/p>\n

The news of his potential release came yesterday when the crypto markets were declining. However, the Tornado Cash token reacted to the news of Alexey\u2019s release and defied market conditions by displaying bullish price action.<\/p>\n

While the rally drew investors\u2019 attention, the token could not continue its upward movements today despite positive price speculations by crypto experts and analysts.<\/p>\n

Alexey Pertev, who is set to be released next Wednesday, will await trial from his home as ruled by a court in the Netherlands.<\/p>\n

Upon his release, electronic monitoring devices such as an ankle bracelet will be installed on him and other monitoring devices in his home, according to the report.<\/p>\n

At the time of writing, the TORN token is currently ranked among the top 3 losers in the cryptocurrency market. Alexey Pertev\u2019s release date is approaching, and we may witness Tornado Cash reacting in price as it did with the news about his release.<\/p>\n

\u00a0<\/p>\n\n

\u00a0<\/p>\n

Bitcoin Price Impact On TORN Token<\/h2>\n

Bitcoin is on its 3-day bearish candle, failing to break the resistance slightly above the $30,000 price region. BTC<\/a>\u00a0price lost momentum after its previous week\u2019s rally and failed to hold the key support level at $29,200.<\/p>\n

Today\u2019s trading session saw Bitcoin falling below $28,000 after it failed to hold $28,600 key support. BTC price fell to a 24-hour low of $27,815 but is now slightly back above the $28,000 price region.<\/p>\n

Some Altcoins, including the Tornado Cash token, have brutally suffered from the Bitcoin price dump and are still yet to recover. However, a healthy recovery for\u00a0Bitcoin price<\/a>\u00a0will be a good turning point for Tornado Cash as Altcoins are known to react to BTC price movements.<\/p>\n\n

\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Tornado Cash<\/a>\u00a0token (TORN) is trading on a negative 13% in today\u2019s trade session, canceling its previous day\u2019s gains and rally, which saw the token rise close to the $12 mark. Coinmarketcap data reveals the token to be trading at $8.77 at the time of writing, a significant drop from where it was in price yesterday.<\/p>\n

The TORN token and its decentralized mixing service platform became controversial when its developer, Alexey Pertev, was arrested mid-last year allegedly for money laundering. However, news about the possible jail release of Alexey circulated the industry yesterday, April 20, and created a rally for the TORN token.\n<\/p>\n

Tornado Cash Developer Set To Be Released On This Date<\/h2>\n

According to a recent\u00a0report<\/a>, the developer of the TORN token, Alexey Pertev, is expected to be released on April 26, 2023, after spending nine months in detention without trial.<\/p>\n

The news of his potential release came yesterday when the crypto markets were declining. However, the Tornado Cash token reacted to the news of Alexey\u2019s release and defied market conditions by displaying bullish price action.<\/p>\n

While the rally drew investors\u2019 attention, the token could not continue its upward movements today despite positive price speculations by crypto experts and analysts.<\/p>\n

Alexey Pertev, who is set to be released next Wednesday, will await trial from his home as ruled by a court in the Netherlands.<\/p>\n

Upon his release, electronic monitoring devices such as an ankle bracelet will be installed on him and other monitoring devices in his home, according to the report.<\/p>\n

At the time of writing, the TORN token is currently ranked among the top 3 losers in the cryptocurrency market. Alexey Pertev\u2019s release date is approaching, and we may witness Tornado Cash reacting in price as it did with the news about his release.<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

Bitcoin Price Impact On TORN Token<\/h2>\n

Bitcoin is on its 3-day bearish candle, failing to break the resistance slightly above the $30,000 price region. BTC<\/a>\u00a0price lost momentum after its previous week\u2019s rally and failed to hold the key support level at $29,200.<\/p>\n

Today\u2019s trading session saw Bitcoin falling below $28,000 after it failed to hold $28,600 key support. BTC price fell to a 24-hour low of $27,815 but is now slightly back above the $28,000 price region.<\/p>\n

Some Altcoins, including the Tornado Cash token, have brutally suffered from the Bitcoin price dump and are still yet to recover. However, a healthy recovery for\u00a0Bitcoin price<\/a>\u00a0will be a good turning point for Tornado Cash as Altcoins are known to react to BTC price movements.<\/p>\n

\u00a0<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-22357","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/22357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=22357"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/22357\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=22357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=22357"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=22357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}