WazirX hackers were preparing 8 days before the $235M theft The hackers behind the $235 million WazirX crypto exchange breach began preparing onchain at least eight days prior, according to Polygon Labs’s security chief. WazirX, one of India’s largest cryptocurrency exchanges, lost hundreds of millions to a multisig wallet hack on Thursday, July 18, which […]
Stock market slump trickles into today’s Bitcoin and altcoin correction What’s behind the correction in the US stock market and how might it continue to negatively impact cryptocurrencies? S&P 500 index experienced a 2.6% decline over the past two days Investor morale negatively affected Fear of rising inflation due to unsustainable government debt Rising jobless […]
Bitcoin Traders Expect a ‘Push Higher’ After Several Metrics Turn Bullish Bitcoin price has cooled off from its recent highs, but analysts still anticipate a “push higher” as multiple BTC metrics flash bullish. Bitcoin has shown a number of bullish signals on multiple timeframes, suggesting that the “push higher continues” following a 10% rally over […]
CEO of BtcTurk Resigns from Turkish Crypto Exchange Ozgur Guneri, who served as the CEO of the Turkish cryptocurrency exchange BtcTurk for seven years, has announced his resignation. However, he will continue to be involved with the company as a director. Key Points: Guneri steps down as CEO after seven years BtcTurk plans expansion to […]
Analysis on Potential Trump Victory and Rising Global Liquidity Impact on Crypto Markets Macroeconomist Lyn Alden recently shared insights on how the 2024 US presidential election outcome, particularly a potential victory for Donald Trump, could influence Bitcoin and the broader cryptocurrency industry. A Trump win may lead to the extension of corporate tax cuts, which […]
Bitcoin Hashrate Drawdown and Miner Behavior Could miner capitulation signal that selling pressure is easing, or could it be the death spiral that takes Bitcoin out of its decade-long run? Overview At the beginning of July, the Bitcoin network’s hashrate drawdown hit levels not seen since the December 2022 bear market, potentially indicating miner capitulation. […]
Bitcoin RSI points to more BTC price upside as a $65K battle rages BTC price gains cool as a struggle for the Bitcoin short-term holder realized price unfolds, but analysis demands continuation. Bitcoin continued its fight to reclaim $65,000 on July 18 as the level became a key line in the sand for analysts. Data […]
Mad Lads: A Leading PFP Project on Solana Most NFT PFP projects have come and gone. The euphoric period of 2021–2022 has mainly passed. Mad Lads minted on April 21, 2023, following a curated allowlist process led by co-founder Tristan Yver. Mad Lads hit an all-time high floor price of 218 SOL in December 2023. […]
Bitcoin ETFs have 4-8X more BTC price influence than miners — Research Bitcoin miners’ “market influence” pales in comparison to the ETFs and exchanges when it comes to BTC price pressure, says Glassnode. Bitcoin miners have increasingly little impact on BTC price action during sell-offs, new research confirms. In the latest edition of its weekly […]
Bitcoin price hits bull market trendline that last sparked 30% gains Bitcoin practically reclaims the short-term holder realized price, bringing with it both their breakeven point and the odds of significant BTC price upside. Bitcoin faces a battle for a key bull market trendline, which it lost for the first time in nearly a year […]
