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Forged in the fires of volatility, #Bitcoin    remains resilient.. 🔥💪 #BitcoinResilience February 12, 2024 @ 10:41 PM (UTC) Current Price of Bitcoin (BTC-USD): $50,033.70 (BTC-EUR): €46,436.28

Payments from crypto-related ransom attacks nearly doubled to a record $1 billion in 2023, blockchain analytics firm Chainalysis said on Wednesday. Scammers targeting institutions such as hospitals, schools and government offices for ransom pocketed $1.1 billion last year, compared with $567 million in 2022. However, losses stemming from other crypto-related crimes such as scamming and hacking fell in 2023, Chainalysis said. Bitcoin, the largest cryptocurrency, has jumped 60% since the end of September to $43,134 on enthusiasm about a new U.S. bitcoin ETF and on signs central banks around the world will begin trimming interest rates. "An increasing number of new players were attracted by the potential for high profits and lower barriers to entry," Chainalysis said. "Big game hunting" has become the dominant strategy over the last few years, with a dominant share of all ransom revenue volume made up of payments of $1 million or more, Chainalysis added. A group of digital extortionists named "cl0p", which subverted a file sharing software MOVEit, made nearly $100 million in ransom payments, the analytics company said. Hundred of organizations, including government departments, UK's telecom regulator and energy giant Shell (LON:SHEL), have reported cybersecurity breaches involving the MOVEit software tool, which is typically used to transfer large amounts of often sensitive data, including pension information and social security numbers. A report in November showed that cybercrime group "Black Basta" had extorted at least $107 million in bitcoin, with much of the laundered ransom payments making their way to the sanctioned Russian cryptocurrency exchange Garantex. Cryptocurrency theft via cyberheists and ransomware attacks is also a significant source of funding for North Korea, according to UN reports. Chainalysis' figures undervalue crypto's role in all crime as it only tracks cryptocurrency sent to wallet addresses identified as illicit. It does not include payments for non-crypto-related crime such as crypto used in drug trafficking deals.

🚨🚨 NEWS BITCOIN/ ETHEREUM Ethereum finds itself shaky on the edge of a precarious position. The recent price chart indicates a concerning situation: the 26-day Exponential Moving Average (EMA), a key indicator of short-term momentum, is under threat. If this level fails to hold, Ethereum could see its value dip to the $2,347 mark, a scenario that may well trigger a more pronounced decline. This potential slip below the 26 EMA is crucial because it suggests a weakening in buying pressure and a shift in market sentiment from accumulation to potential distribution. A break below this level would not only establish $2,347 as the next price floor but could also exacerbate the asset's losses, leading to further bearish momentum.

SHIBA INU (SHIBA) BECOMING BULLISH 🚨🚨💯💯 NEWS Shiba Inu currently displays an ascending triangle pattern on the SHIB/USDT chart. This technical formation is widely recognized and could be a signal to a significant price surge for the meme. An ascending triangle is characterized by a flat upper resistance line and a rising lower support line. This pattern suggests that buyers are gradually gaining ground against sellers, as each dip is bought up at a higher level than the previous one, indicating accumulating pressure for an upward breakout. SHIB/USDT Chart by TradingViewFor Shiba Inu, which has been lingering in a period of relatively nonexistent activity, this pattern could serve as massive fuel for volatility in the near future. Recent market conditions have seen a decline in interest toward legacy meme coins, with SHIB being no exception. The lack of significant developments within the Shiba Inu network has contributed to the muted activity around this cryptocurrency.

🚨🚨 NEWS 🚨🚨 Data provided by IntoTheBlock analytics firm shows a significant increase in Bitcoin whales' holdings; since the beginning of the year 2024, three major players have added approximately $3 billion to their Bitcoin stashes, or approximately 76,000 BTC. This trend indicates the confidence and investment strategy of the biggest holders in the crypto space. When analyzing smaller holdings over a 30-day period, the following changes are seen: accounts with 0-0.001 BTC increased by 1.02%, while those holding between 0.001-0.01 BTC and 0.01-0.1 BTC witnessed decreases of 1.90% and 1.36%, respectively. Notably, accounts with 10K-100K BTC experienced 2.88% growth, indicating a concentration of wealth at the higher end of the market.

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