The hacker's partial return of stolen crypto highlights vulnerabilities in digital asset security and raises questions about future preventative measures.
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The crypto hack highlights vulnerabilities in government-held digital assets, potentially undermining trust in their security and management.
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The US government transferred $20M in crypto from a wallet after 8 months of inactivity, using DeFi platforms like Aave.
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Ethereum price followed the broader crypto market sell-off, but its longer term price weakness is driven by network-specific factors.
Ether (ETH) prices declined by 9.6% from Oct. 20 to Oct. 23, following a strong rejection at the $2,700 level. This move erased the gains of the previous 10 days, and as Ether now stabilizes near $2,500, its 30-day performance remains negative, down by 6%.
The chance of ETH reclaiming the $2,800 support is diminishing and onchain data suggests that high transaction fees are pushing activity away from the Ethereum network, ultimately reducing demand for native staking.
Total crypto capitalization (blue) vs. Ether/USD (green). Source: TradingView
Tesla maintains 11,509 BTC worth $765M in Q3 2024 while showing strong profit margins in its earnings call.
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Bitcoin is finding support in the $66,500 to $65,000 zone and Bitcoin ETF inflows suggest traders are buying the dips. Will altcoins follow?
Bitcoin (BTC) has slipped below $67,000 after closing last week above $69,000, its strongest close since the start of June. However, the fall has not scared away the investors. According to Farside Investors data, United States-based Bitcoin exchange-traded funds witnessed inflows of $294.3 million on Oct. 21.
Usually, after the price spends a long time in a range, it needs a strong trigger to break out from the sideways price action. The upcoming United States elections could act as a catalyst for a new trending move in Bitcoin. Many believe that a victory by the former US president and Republican nominee Donald Trump could propel Bitcoin higher.
Daily cryptocurrency market performance. Source: Coin360
Solana's rising TVL and DEX volume highlight its growing influence in the blockchain space, potentially challenging Ethereum's dominance.
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VanEck introduces automated Solana staking in its ETN for European investors, offering daily rewards and enhanced security.
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Bitcoin's rise fuels optimism, potentially driving further institutional interest and market growth amid geopolitical and economic shifts.
The post Bitcoin’s surge above $69,000 triggers market-wide rally appeared first on Crypto Briefing.
On Sunday, bitcoin (BTC) climbed past $69,000, hitting an intraday peak of $69,363 per coin. Over the past week, BTC gained 9.3%, expanded 63% since the start of the year, and increased by 132% over the last 12 months. The global trading volume across the crypto economy sits at $71.30 billion, with BTC contributing $15.25 […]
