Elliptic Analysis Says $477 Million Stolen From FTX, ‘Accounts Drainer’ Becomes 35th Largest ETH Holder – Bitcoin News

Three days ago, on Nov. 11, 2022, it was reported that FTX’s wallets saw unusual activities and FTX Telegram channel admins stressed that FTX was “hacked.” The same day, the new FTX CEO John Ray confirmed there were “unauthorized transactions.” A report by the blockchain intelligence firm Elliptic explains that out of “more than $663 million” worth of tokens moved, it is estimated that “$477 million is suspected to have been stolen.” Elliptic Says More Than $477 Million Siphoned from the FTX Exchange Wallet The blockchain analysis and intelligence company…

Bitcoin will shrug off FTX ‘black swan’ just like Mt. Gox — analysis

Bitcoin (BTC) will recover from the FTX “black swan event” just like other setbacks, trading team Stockmoney Lizards believes. In a tweet on Nov. 12, the popular commentator argued that the week’s events were actually nothing new for Bitcoin. FTX “a real black swan event” Despite falling 25% in days, BTC/USD is not doomed as a result of the insolvencies impacting FTX, Alameda Research and possibly other major crypto companies. For Stockmoney Lizards, the unravelling, while sudden, is not hugely different to liquidity crises from earlier in Bitcoin’s history. “We…

Bitcoin Price Analysis Ahead Of Its Monthly Close, Will $20,500 Hold As Support?

BTC’s price shows strength as it bounces from a downtrend range price rallied to a high of $20,500 with eyes set on $22,000.  BTC could rally more as the price creates more bullish bias by breaking out of a downtrend descending triangle with eyes set on rallying higher. BTC’s price remains strong on the daily timeframe abo the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The price action displayed by Bitcoin (BTC) in the past few days has been impeccably high, with the price rallying…

Register Here for Our Weekly Technical Analysis Update – Promoted Bitcoin News

After a turbulent summer, the “Crypto Winter” has begun, as volatility in the market remains rife, with prices of tokens fluctuating on a daily basis. Recent moves have seen bitcoin (BTC) move below $20,000, with ethereum (ETH) dropping under $1,200 as market sentiment has shifted. This shift has come as a result of the rise in consumer prices, with global inflation currently tracking at its highest level in several decades. Central banks have moved to tackle the crisis by increasing interest rates, which has then impacted investors, and their appetite…

A Bullish Week In Bitcoin On The Way? BTCUSD Analysis October 17, 2022

In this episode of NewsBTC’s daily technical analysis videos, we are looking at the best chance Bitcoin and the rest of crypto has had for a bullish week in a long time. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): October 17, 2022 There continues to be not much movement in crypto, with Bitcoin trading at around $19,500 currently. But the lack of movement is welcome after nearly a year of falling prices. Bitcoin Gears Up For Big Move, But Which Direction? Despite the lack of price…

Interest in Russian Crypto Channels on Telegram Declining, Analysis Shows – Bitcoin News

Russians have been losing interest in Telegram channels devoted to cryptocurrencies and tokens, according to a new research covering the period since the start of the war in Ukraine. Industry experts behind the study say that bitcoin’s lower valuation and financial restrictions increasingly limiting access to the crypto market are the key reasons. Telegram Crypto Channels’ Audience Expected to Shrink Further Amid New EU Sanctions on Russia Interest in crypto-related channels on the popular messenger Telegram has diminished in the past few months. Between late February and the end of…

Price analysis 10/12: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB

Bitcoin and most altcoins are likely to witness a pick in volatility following the CPI print on October 13. The United States Federal Reserve has been aggressively hiking rates in an attempt to cool down inflation and that has kept the U.S. equities markets under pressure. Investors have been watching the inflation figures closely for early signs of topping out but to no avail. Wholesale prices rose 0.4% in September, exceeding the Dow Jones’ estimate for a 0.2% gain. This suggests that inflation is yet to respond to the Fed’s…