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Price Update: BTC, ETH, BNB & ADA

Bitcoin bulls have set their sights on $50,000 and this renewed momentum is also increasing large and small-cap altcoin prices.

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Bitcoin bulls have set their sights on $50,000 and this renewed momentum is also increasing large and small-cap altcoin prices.

Bitcoin is facing rejection near $50,000, meaning that bears are not ready to give up without a fight. Many analysts expect Bitcoin to climb in the last quarter and worst-case scenario for Bitcoin in October is $63,000 and $98,000 by November.

BTC/USDT

The bulls pushed Bitcoin above the overhead resistance at $48,843.20 but the long wick on the day’s candlestick shows that bears are defending the level in a aggressive manner. The price has been trading between the 50-day simple moving average at $46,667 and $48,843.20 for the past two days.If bulls drive and hold the price above the overhead resistance, Bitcoin could pick up momentum and rally to $50,000 and later on to $52,920.

ETH/USDT

The bulls pushed Ether above the downtrend line and the moving averages but the bears have not given up. The sellers are attempting to delay the up-move near $3,500 and pull the price back below the 50-day SMA of $3,297.

If they manage to do that, the Ether could drop to the 20-day EMA of $3,194. This is an significant support for the bulls to defend because a break below it could entice further selling. Ether may then drop to the psychological level at $3,000 and later to the 100-day SMA at $2,841.

BNB/USDT

The Binance Coin has been facing strong resistance at the overhead resistance at $433 but the optimistic sign is that bulls have not given up much ground. This indicates that the buyers are holding on to their positions as they hope for a move higher.

The 20-day EMA of $395 has turned up and the RSI is in the positive territory, indicating a slight advantage to the bulls. If buyers drive and hold the price above $433, The Binance coin could pick up momentum and rally to $518.90.

ADA/USDT

The bulls pushed ADA above the 20-day EMA of $2.25 for the past two following days but they could not hold the higher levels. This indicates that the sentiment remains negative and traders are defending the 20-day EMA.

The price has turned down from the 20-day EMA today and the bears will now try to sink ADA  to the critical support at $1.94. If this level gives way, the pair could witness aggressive selling and fall to $1.60.

The views and opinions expressed here are solely those of the writer and do not necessarily reflect the views of Crypto News. Every investment and trading move involves risk. The reader should conduct their own research when making a decision.

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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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