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Bitcoin and Ethereum rise, Altcoins Turn Green

Bitcoin price were at a stable point above the USD 38,000 support zone. BTC started a fresh increase and broke the USD 39,000 and USD 40,000 resistance levels. The price is now at a fluctuations between USD 40,000 and USD 41,000.

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Bitcoin price were at a stable point above the USD 38,000 support zone. BTC started a fresh increase and broke the USD 39,000 and USD 40,000 resistance levels. The price is now at a fluctuations between USD 40,000 and USD 41,000.

Similarly, most of the major altcoins are also trying to extend gains. ETH outperformed bitcoin and it broke the USD 2,800 resistance zone.

Bitcoin price

BTC was able to rise at a steady rate above the USD 39,000 and USD 40,000 resistance levels. It even broke the USD 41,000 level before correcting lower and moving towards USD 40,000 again. However, it rose back to USD 41,000. On the downside, the USD 39,200 level is a key support. The first major support is near USD 39,000, below which the price might retest the USD 38,000 support zone.

Ethereum price

Ethereum price remained in a bullish area and broke the USD 2,750 resistance level. ETH even cleared USD 2,800 and was also correcting gains, before moving back to USD 2,800. At a  stronger downside correction, the USD 2,700 level might provide support. The next major support is near the USD 2,650 level.

ADA

Cardano (ADA) was gaining pace towards the USD 1.40 level but it failed to break above this level and moved lower. There is a risk of a fresh test of the USD 1.30 support level.

DOGE,  

Dogecoin was underperforming but managed to move above the USD 0.200 level. If there is a downside break below USD 0.188, the price might accelerate losses.

XRP

XRP price is trading above the USD 0.700 support zone. If XRP clears the USD 0.750 resistance, it could continue to rise. The next major resistance could be USD 0.800.

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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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