“Technically, bitcoin remains in an uptrend but ran into resistance at its 200-day moving average over the weekend,” the analysts said. “All eyes will be on BTCUSD to see if it can successfully consolidate above $28,000, the 200-day moving average. If it does, we can expect a quick rise to as much as $29,500.” Source
Looking within sector quarterly performance with the CoinDesk DACS framework, the trends and preferences towards larger capitalization tokens are less clear. Over Q3 of 2023, Computing (CPU, +3%) and DeFi sectors (DCF, -8%) were relative out-performers, while Smart Contract Platform (SMT, -13%), which contains Ether, and Culture and Entertainment (CNE, -22%) were relative under-performers. See the chart below for a full sector performance breakdown for Q3 of 2023. Source
The liquidations happened as crypto prices tumbled as the fight between Israel and Hamas and rising turmoil in the region jolted investors, weighing on risk assets. The largest digital asset, bitcoin (BTC), was down over 2% before climbing back to $27,600. At one point, ether (ETH) slid almost 5% and large-cap cryptocurrencies solana (SOL), Polygon’s native token (MATIC) and Polkadot’s (DOT) endured 6% to 7% declines. They rebounded some later. Original
The Ethereum Foundation develops applications and programs for the Ethereum network, but isn’t an official entity or a centralized group that controls what happens on the chain. However, it remains very influential and can impact token prices or Ethereum’s inherent outlook among investors or developers. Source
The largest cryptocurrency by market capitalization slid nearly 2% to below $27,300 on news that the U.S. economy added 336,000 jobs in September, almost doubling economist expectations. The losses were short-lived, however, with bitcoin quickly rebounding to just above $28,000. Original
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 6, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
CoinDesk reported earlier this week that Friend.Tech users were seemingly starting to get targeted in SIM swap exploits. Source
The crypto wallet address linked to the FTX exploiter moved roughly $36.8 million worth of Ether (ETH) in the last 24 hours amid the ongoing court trials of the defunct crypto exchange’s ex-CEO, Sam Bankman-Fried (SBF). Accounts linked to FTX and FTX.US were drained of $600 million on Nov. 11, 2022, hours after the crypto exchange had filed for Chapter 11 bankruptcy. At the time, FTX general counsel Ryne Miller informed traders about the hack caused by malware: “FTX has been hacked. Chat is open. Please don’t go to the FTX site,…
A single scammer has reportedly managed to steal around $385,000 worth of Ether (ETH) in less than 24 hours, amid a scourge of SIM-swap hacks seemingly targeting friend.tech users. On Oct. 5, blockchain sleuth ZachXBT reported the same scammer had pilfered 234 ETH over the past 24 hours by SIM-swapping four different friend.tech users. The on-chain movement of crypto assets all traced back to the same hacker who drained the accounts of the four victims. The same scammer profited $385K (234 ETH) in the past 24 hours off SIM swapping four…
Ether is lower by 2.4% so far in October to $1,640, giving up all its gains and more from a short-lived surge on Monday to near $1,750. Bitcoin, meanwhile, gained 1.4% over the same time frame and is also outperforming ETH on a weekly, monthly and yearly basis, according to CoinDesk Indices data. Source