Bitcoin hits a multi-week high post-Crowdstrike IT outage, trapping shorts. Despite global tech issues, BTC broke above the crucial $66K GANN level. Heavy resistance lies between $67K-$70K, but Wyckoff pattern and inverted head & shoulders hint at a bullish continuation. 🚀📈
#bitcoin☀️ #BTC☀ #TradingMadeEasy #CrowdStrike

The bullish $BTC market is clearly surging due to the influence of CrowdStrike, a cybersecurity company. A recent Microsoft update contained a bug that caused major disruptions, affecting the applications of large banks, airlines, and stocks, creating a glitch-like situation. This significant cyber pandemic has prompted stocks and banks to move toward Bitcoin for it's secure blockchain technology. This situation has confirmed that whenever any type of cyber pandemic occurs, Bitcoin will be accepted as a safe zone. The future price momentum is now critical. If Bitcoin remains green on Sunday and the market opens with green on Monday, this could be very bullish. Otherwise, a dump on Sunday will confirm that this unusual pump was due to CrowdStrike.
#BinanceHODLerBANANA #BinanceTurns7 #Mt_Gox_BTC_Dip #ETH_ETF_Approval_23July #CrowdStrike

🔥🔥News update🔥🔥#All stock market and IT sectors going down because of Cyber pandemic ....Crowdstrike cyber security company problem..
All investor tranfer there funds to BtC and market going up to secure there funds because crypto is block chain technology safe and secure...Btc can touch 70k or more...So enjoy profits dont take long or short in future...do only spot trading Good luck...and follow us more update
$BTC $ETH $BNB
#CrowdStrike #btcupdates2024 #MarketUpdates" #Cyberpandemic

Why Bitcoin (BTC) Could Hit a New High by End of 2024

#EthereumETF #Binance #Bitcoin #CrowdStrike $BTC #Binance $USDT $SOL

🤯 ‘Largest IT outage in history’ hits Microsoft Windows and causes global chaos
Fault in CrowdStrike software update linked to Windows PCs may take days to fix, experts suggest‼️

#Microsoft #CrowdStrike #BinanceHODLerBANANA $BTC $ETH $BNB

😳😳😳 #CrowdStrike stock falls another 13% on Monday, days after global IT outage

CrowdStrike Shares Plunge After Software Update Failure

CrowdStrike Holdings Inc. (CRWD) experienced a significant decline in its stock price following a botched software update that caused a global computer outage.

Key Points:

- Stock Decline: CRWD shares fell 13% on July 22, reaching $263, following a 30% monthly decline, with 23% occurring since the July 19 update failure. The stock has dropped 33% from its all-time high of $392 on July 1.

- Short Sellers: Bloomberg reported that short sellers made $978 million from CrowdStrike’s 23% two-day decline. The #cybersecurity sector has seen increased short interest, with CrowdStrike being the second-most shorted company after Microsoft.

Analyst Reactions:

- Downgrades: Analysts downgraded CRWD and lowered price targets. Guggenheim analysts, led by John , removed their $424 price target but believe the company will eventually recover.

- Long-Term Outlook: Despite the setback, many Wall Street analysts remain optimistic about CrowdStrike, with an average price target suggesting a 40% upside from current levels.

Centralization Concerns:

- Jimmy Su, Binance: Highlighted that centralized computing architectures are prone to similar incidents in the future. He noted that decentralized networks like #bitcoin☀️ remain unaffected, with over 11 years of uninterrupted operation. Su emphasized that decentralized systems are more resilient because they don't rely on a single point of failure.

In summary, CrowdStrike’s stock has taken a significant hit due to a software update failure, but there is optimism about its long-term prospects. The incident also underscores the vulnerabilities of centralized computing systems compared to decentralized networks.

Source - cointelegraph.com

#CryptoNewsCommunity #BinanceSquareTalks

Microsoft Outage Disrupted Global Systems. ✂️🛜

A widespread Microsoft outage on July 19, 2024, caused significant disruptions across various sectors worldwide. The outage originated from a faulty update released by cybersecurity firm CrowdStrike, triggering the infamous Blue Screen of Death (BSoD) error on Windows operating systems.

📍Ripple Effects Across Sectors

The financial sector suffered a major blow, with banks and institutions experiencing service disruptions, preventing customers from accessing accounts and conducting transactions. Airlines and airports faced flight cancellations and delays, inconveniencing countless passengers. The healthcare sector was not immune, as patient record systems and essential services became inaccessible.

📍Estimating the Damage

Cybersecurity experts predict a hefty price tag for this outage, potentially reaching billions of dollars in losses worldwide. This incident serves as a stark reminder of the critical importance of robust cybersecurity measures.

📍Preventing Future Disruptions

To mitigate the risk of similar incidents, experts stress the need for more rigorous update management, particularly for software used in critical systems. Thorough testing and proactive identification of potential issues are crucial. Additionally, organizations must maintain up-to-date backup and recovery plans to ensure swift system restoration in the event of an outage.

📍Key Takeaways

This outage underscores the vulnerability of interconnected systems and the far-reaching consequences of software glitches. It serves as a wake-up call for the technology industry and businesses worldwide, emphasizing the necessity for meticulous software development and stringent cybersecurity practices.

#Microsoft #CrowdStrike #cybersecurity #MicroSoftDown