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Bitcoin It has been trading in the green since Thursday. Tesla's TSLA A ferocious rally pulled stocks out of losses. cryptocurrencyGain +/-Prices (recorded at 9:30 p.m. EDT)Bitcoin BTC/USD+1.13%$67,956.29Ethereum ETH/USD -0.66%$2,525.51dogecoin doge/usd -1.46%$0.14 what happened:Bitcoin rose to an intraday high of $68,693 in the US evening hours, but took profits below $68,000. The world's largest cryptocurrency took a sharp turnaround after gaining $69,000 earlier this week. At the time of writing, the rate of increase in October was only 7%, which is well below the historical average of 21.57%. Ethereum The price did not rise and remained in the $2,500 range…
Important points More than $20 million in Ethereum and stablecoins were stolen from U.S. government-controlled wallets. The theft is related to the wallet involved in the 2016 Bitfinex hack. Share this article The U.S. government may have fallen victim to a $20 million exploit targeting crypto wallets on October 24, according to a report from Arkham and blockchain detective ZachXBT. 𝗨𝗣𝗗𝗔𝗧𝗘: 𝗨𝗦𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁𝗹𝗶 𝗻𝗸𝗲𝗱𝗮𝗱𝗱𝗿𝗲𝘀𝘀𝘁𝗼𝗯𝗲𝗲𝗻𝗳𝗼𝗿$ $𝟮𝟬𝗠. $20 million in USDC, USDT, USDC, and ETH were suspiciously moved from address 0xc9E6E51C7dA9FF1198fdC5b3369EfeDA9b19C34c linked to USG… pic.twitter.com/UXn1atE1Wx — Arkham (@ArkhamIntel) October 24, 2024The incident was first reported earlier today after a U.S. government-related address that…
Anatoly Yakovenko has hinted at aligning Solana’s execution layer with Ethereum’s design, and sees Solana as having the potential to adopt Ethereum-like innovations for global payments. Despite short-term network challenges, Yakovenko remains focused on evolving Solana beyond trends like meme coins, aiming for a robust and scalable platform. As recently updated by CNF, competition between the two protocols continues after Anatoly Yakovenko developed Solana to overcome blockchain limitations such as slow transaction speeds and high fees. Regardless, Solana’s co-founder recently expressed his admiration for Ethereum’s infrastructure. In a tweet shared on his official He said he would move forward. I…
Ethereum, the second-largest cryptocurrency by market capitalization, faces an increased risk of a short squeeze that could fuel a price rally. Cryptocurrency futures markets are showing signs of extreme leverage, indicating that a significant number of traders are betting that prices will continue to fall. If the price of Ethereum unexpectedly spikes, these traders will be forced to cover their positions, and the price could rise in a potential short squeeze where short sellers become buyers forced to cover their positions. There is a gender. A key metric that measures the level of risk in the futures market is the…
Analysts expect Bitcoin to rise 40% before the cycle top. Fibonacci extension levels indicate targets of $109,000 and $132,000. Bitcoin [BTC] The number of accumulated addresses has increased rapidly. The HODL idea was growing in popularity. Bitcoin addresses with a minimum of 10 BTC that have never been leaked previously held 1.5 million coins at the beginning of 2024, but currently hold 2.9 million coins. The Bitcoin Rainbow Chart showed a very optimistic forecast for the current cycle, with a target of over $288,000. However, based on past trends, this cycle's high could be closer to $100,000. Bitcoin expected to…
A widely followed cryptocurrency analyst and trader offers predictions for two Layer 1 altcoins while taking a bullish view on one memecoin. An analyst known by the pseudonym Brandts told his 287,700 followers on social media platform X that Dogecoin (DOGE) “remains very strong.” Based on Brandts’ four-hour chart, the pseudonymous analyst appears to be suggesting that Dogecoin could soar nearly 60%, with the price reaching $0.22. Source: Brandts/X At the time of writing, Dogecoin is trading at $0.138, up more than 20% in the past two weeks. A widely followed analyst further stated: “Dogecoin is the new mega-cap market…
Ethereum Classic is currently trading at $18.63, down 0.05% on the day. ETC is trading between $18 and $20 after a slight price correction this month. Ethereum Classic Price Action and Indicators Ethereum Classic is currently undergoing consolidation and its price fluctuates between $18.50 and $19.50. The price was unable to sustain the breakout around $19.50, leading to increased volatility. 1 day ETC trading chart | Source TradingView Immediate support is at $18.50, where ETC rebounded earlier, but a break below this level could trigger a further downtrend. The Relative Strength Index (RSI) has declined from 52.53 to 45.49, indicating…
Microsoft shareholders will vote on a proposal to evaluate Bitcoin (BTC) as a potential corporate investment at the tech giant's annual meeting at the end of the year, according to a regulatory filing on Oct. 24. It's planned.The proposal, submitted by the shareholder advisory committee, calls for a detailed assessment of the potential role of the flagship cryptocurrency in Microsoft's financial operations.However, the board recommended against the move, saying the Treasury Department was already evaluating a range of assets, including cryptocurrencies such as Bitcoin. The board highlighted Bitcoin's volatility and argued that the company's current processes ensure financial stability without…
Software giant Microsoft is scheduled to hold a general meeting of shareholders next month, and Bitcoin will be on the agenda.Microsoft (NASDAQ: MSFT) will hold its annual shareholder meeting on Dec. 9, and shareholders who have invested in the company will vote on a number of proposals, according to a filing Thursday with the Securities and Exchange Commission. .One of the proposals up for vote is “Evaluation of Investments in Bitcoin,” and the board is recommending that shareholders vote against it.It's unclear whether this item refers to Microsoft having Bitcoin, the industry's largest cryptocurrency, on its balance sheet. Microsoft did…
Ethereum (ETH) price appears to be moving within a neutral range, as shown by several market indicators. Current net unrealized gains and losses (NUPL) values indicate that most investors are not making much money or experiencing significant losses. This balanced sentiment suggests a mix of cautious optimism and trepidation, but lacks the strong emotions that typically cause dramatic price movements. Combined with large holder movements and key technical indicators, ETH could continue to move sideways in the short term. ETH NUPL is currently neutral ETH’s NUPL is currently 0.34, indicating a neutral market. This value suggests that most investors are…