Day: July 19, 2024

Ethereum Price Pulls Back: ETH Gains Under Pressure

boss

Ethereum price started a downside correction from the $3,500 resistance zone. ETH declined below $3,440 and might struggle to stay above $3,380. Ethereum is correcting gains from the $3,500 zone. The price is trading above $3,400 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $3,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to decline further if there is a close below the $3,350 support. Ethereum Price Retreats From $3,500 Ethereum price started…

WazirX publishes $230m hack post-mortem

Mumbai-based WazirX crypto exchange has released its post-mortem report on a “force majeure” incident that allowed a multi-sig wallet hack. As crypto.news reported earlier on Thursday, WazirX was hacked for $230 million in cryptocurrencies after bad actors compromised UI critical to the platform’s wallet management. The Indian crypto exchange explained that the issue originated from different data displayed on Liminal’s interface, the digital asset custody, and the wallet infrastructure employed by WazirX.  The platform’s multi-sig wallet required three signatures from internal WazirX team members and one final approval from Liminal.  “During…

Prophet Brandon Briggs Predicts XRP Price Explosion To $10,000

boss

Brandon Briggs, a Christian prophet, has dropped a bullish XRP price prediction that would break all records if it came to fruition. According to a video circulating on social media platform X, Briggs predicted XRP hitting a hefty price tag of $10,000. However, he did not give a timeline of when this would happen. This prediction comes amidst a bullish week for XRP, with the cryptocurrency currently outperforming large other market cap assets.  XRP Price Explosion To $10,000 The XRP price has been subjected to various price predictions in the…

Bitcoin Price Hints at Downside: Preparing for Potential Declines

boss

Bitcoin price corrected gained from the $66,000 resistance level. BTC dipped below $64,000 and might extend losses in the short term. Bitcoin started a fresh downside correction from the $66,000 resistance zone. The price is trading below $64,500 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $64,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bearish momentum if it dives below the $62,500 support zone. Bitcoin Price Dips Again, Can…

Bitcoin (BTC) Could Be On The Verge Of a 30% Gain, Here’s Why

boss

Bitcoin seems on the verge of a massive breakout as it nears a crucial bull market trendline that broke in June last year. From a technical perspective, this development is an important step for Bitcoin to re-enter a price point that has traditionally opened the door to massive gains. Indicator of Market Recovery According to on-chain analytics firm CryptoQuant, the latest swing in Bitcoin price is attempting again to retest Short-Term Holder (STH) Realized Price — which serves as one of the most critical sentiment indicators for understanding market directions.…

Kraken Expands Crypto Custody Services to Institutions in UK and Australia

Crypto exchange Kraken has expanded its custody services to institutional clients in the UK and Australia, marking the first international expansion following its successful U.S. launch in March. Kraken Institutional, already established in the UK and Australia, now offers its custody solution to both existing and new clients in these countries, emphasizing security and client […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Jamie Dimon from JPMorgan eyed by Trump for Treasury

Will Trump’s potential choice of Jamie Dimon, a vocal critic of Bitcoin who said he’d close it down, mark the beginning of the end for cryptocurrency freedom in the U.S.? Former U.S. President and current Republican nominee Donald Trump, a man known for his bold and often controversial decisions, recently dropped another bombshell.  In an interview with Bloomberg, conducted in late June and published on July 16, Trump revealed that he is considering JPMorgan CEO Jamie Dimon for a key position in his cabinet if he wins the upcoming election.…

Bitcoin Forming A Signal That’s Usually “Very Bullish,” Analyst Says

boss

An analyst has pointed out how Bitcoin is back above the cost basis of the short-term holders, a sign that can be bullish for the asset. Bitcoin Is Back Above The Realized Price Of Short-Term Holders As explained by CryptoQuant community manager Maartunn in a new post on X, BTC has reclaimed the Realized Price of the short-term holders. The “Realized Price” here refers to an indicator that, in short, keeps track of the average cost basis of the investors in the Bitcoin market. When the value of this metric…