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Price updates: BTC, ETH, BNB, XRP, ADA & SOL

BTC rebounded after dropping near its realized price of $24,000, suggesting that some bulls went against the herd and bought at the dip.

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BTC rebounded after dropping near its realized price of $24,000, suggesting that some bulls went against the herd and bought at the dip.

BTC

Bitcoin bounced off $26,700 and formed a Doji candlestick pattern. This suggests that the selling pressure could be dropping. The recovery picked up steam and bulls pushed the price above the psychological level at $30,000. The relief rally may face resistance near $33,000 and again at the 20-day EMA of $34,903. If the price turns down from the overhead resistance, the bears will make another attempt to sink  BTC  below $26,700 and restart the downtrend.

ETH

ETH broke below the $2,159 support on May 11 and later slipped below the psychological level at $2,000. The bulls bought at the dip of $1,800, which has started a relief rally. The buyers will now attempt to push the price above the breakdown level at $2,159. If they are successful ETH could pick up momentum and rally to the 20-day EMA of $2,554.

BNB

BNB fell sharply but the long tail on the day’s candlestick shows that bulls are aggressively defending the critical support at $211. This started a relief rally that has reached the $350 to $320 resistance zone. If bulls drive the price above $350, it will suggest that the decline may be over.

XRP

XRP plummeted to $0.33 when buying emerged. The bulls are attempting a recovery that is likely to face stiff resistance at the psychological level at $0.50. If the price turns down from $0.50, the bears will again attempt to pull  XRP  to $0.33.

ADA

ADA plunged to $0.40 , which pulled the RSI into the deeply oversold territory. The buyers bought at this dip and are attempting to start a relief rally. ADA could rise to the breakdown level at $0.74, which is an important level to keep an eye on.

SOL

SOL has been in a strong downtrend for the past few days. The price dipped to $37, which pulled the RSI deep into the oversold territory. This started a relief rally and the bulls are likely to encounter selling in the zone between the 38.2% Fibonacci retracement level at $59 and the 50% retracement level at $66. If the price turns down from this zone, the bears will attempt to resume the downtrend by pulling the pair below $37.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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