Popular cryptocurrency influencer Ben Armstrong was arrested late Monday night following an alleged confrontation with a former business partner before being released on bail earlier today.
While crypto influencer Ben Armstrong's arrest may have captured attention, it hasn't curbed the ongoing pursuit of the best crypto to buy now.
The records from the Gwinnett County Sheriff's Department show that Benjamin Charles Armstrong was booked on charges of loitering/prowling and simple assault by placing another person in fear. His bond was set at $2,600.
Video live-streamed on the social media platform X appears to show Armstrong in possession of a firearm in the backseat of his vehicle at the time of the incident. He was accompanied by one other individual, the footage revealed.
The arrest comes after Armstrong was ousted from BitBoy Crypto, the media company he founded, in August due to a unanimous decision by partners. The falling out may have sparked the Monday night clash.
Shortly after news of the arrest spread early Tuesday, the value of BEN tokens, a cryptocurrency launched by Armstrong earlier this year, fell by over 30%.
Armstrong acknowledged the arrest in a post on X, saying he looked forward to sharing his side of the story soon.
Meanwhile, looking at the crypto market, Bitcoin's downtrend continues as the price faces rejection at key technical levels.
Last week, Bitcoin was unable to break above the 100-day EMA near the Fib 0.618 retracement level of $27,473. This bearish price action has persisted, with Bitcoin breaking below the Fib 0.786 level at $26,285 over the weekend.
On Monday, Bitcoin attempted to regain the $26,285 level with a minor 0.16% gain to the upside, but the overall downward trend remains intact for
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