ETH Price Prediction: Will 200 EMA Save Ethereum From Major Correction?
During the intense sell-off in the third week of August, coin #Ethereum showed a bearish break from the support trendline of the channel pattern. Losing ground has brought about a nine-month bullish recovery, reflecting the altcoin is at risk of an extended correction. Since the last price increase of $2028, the market value of #ETH has dropped 18.8% and is currently trading with support near $1600-$1570. Will buyers add enough bullish momentum for a counterattack?
FBI warns of North Korean hackers' plan to sell $40 million in Bitcoin The FBI has warned the Lazarus Group's $40 million cryptocurrency heist could destabilize Bitcoin prices. In a recent press release, the FBI warned of an increase in blockchain activity linked to significant theft of crypto assets, raising concerns about the involvement of the Democratic People's Republic of Korea (DPRK). The Lazarus group is also recognized as APT38 and TraderTraitor, accused of orchestrating these cyber crimes. FBI warns of pending $40 million Bitcoin sell-off Over the past 24 hours, the FBI has been closely monitoring the movement of hundreds of millions of dollars in stolen cryptocurrency. Many suspect that the DPRK, through cooperatives affiliated with TraderTraitor, could move to liquidate its bitcoin holdings worth an estimated $40 million. The FBI's extensive investigation led to the discovery of approximately 1,580 bitcoins stolen from various cryptocurrency heists and currently held at multiple Bitcoin addresses. These assets are controlled by players associated with TraderTraitor, raising concerns about potential consequences for the cryptocurrency market. Individuals associated with TraderTraitor and associated with the DPRK have been responsible for multiple major international cryptocurrency thefts. On June 22, 2023, Alphapo was robbed of $60 million in virtual currency; CoinsPaid was robbed of 37 million USD on the same day; and Atomic Wallet were robbed of $100 million on June 2, 2023. The FBI also described previous attacks by the same organization on Harmony's Horizon Bridge and Sky Mavis's Ronin Bridge. Source: #icoviet #tintucbitcoin https://icoviet.com/fbi-canh-bao-ke-hoach-hackers-bac-han-ban-40-million-bitcoin.html
Is BTC Price Prediction as Bulls Defend $25k a Pitfall? The BTC price is facing increased pressure to drop towards $20k, with more BTC supply facing unrealized losses due to the “top heavy market”. Bitcoin is down 11% in a week, hovering around $26,000 without much upside action. Short-term holders who were trading with unrealized losses before last week's BTC futures de-leveraging event could face a bleak future, considering the possibility of a prolonged decline down to 20,000 USD. BTC bullish moves to defend support/resistance at $25,000 Without enough momentum, the bulls who did not have the courage to stay in the crash market were determined to defend the support/resistance at $25,000. Bitcoin is back trading at $25,981, slightly below the key $26,000 level after several days of accumulated losses. #icoviet #ico #airdrop #tintucbitcoin #icoviet.com