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Price Updates: BTC, ETH, BNB & ADA

Bitcoin continued its rally and climbed close to $58,000. This marks an almost 100% recovery from the May plunge and shows that any regulatory action by China is only having temporary effects. The strong rally in Bitcoin in the past few days has boosted sentiment and is anticipated to rally to $100,000 by early next year.

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Bitcoin continued its rally and climbed close to $58,000. This marks an almost 100% recovery from the May plunge and shows that any regulatory action by China is only having temporary effects. The strong rally in Bitcoin in the past few days has boosted sentiment and is anticipated to rally to $100,000 by early next year.

BTC

Bitcoin’s long wick on the candlestick shows that bears sold at higher levels but failure to pull the price below the breakout level at $52,920 seems to have motivated the bulls. Aggressive buying on the 11th has pushed the price above the intraday high at $56,561.31, clearing the path for a possible rally to $60,000. The increasing 20-day exponential moving average of $50,196 indicates that bulls are in control.

ETH

Ether’s turned down, but the bulls aggressively purchased the drop. This is a encouraging sign as it shows that the sentiment remains bullish and traders are buying on dips. If the bulls push the price above the neckline, the inverse head and shoulders pattern will complete. This reversal setup has a pattern target at $4,657 but the bears are likely to have other plans as they will try to mount a strong resistance.

BNB

Binance Coin broke and closed below the 50-day SMA at $425. The bulls tried to drive the price back above the 50-day SMA but failed. This invited selling by short-term traders. BNB plunged below the 20-day EMA at $409 on the 10th but the bears could not take advantage of this opportunity.

ADA

 ADA is trading inside a symmetrical triangle, which normally acts as a persisting pattern. If the bears sink and endure the price below the support line of the triangle, the correction could resume. The flattish 20-day EMA of $2.24 and the RSI which is below the midpoint, do not give a clear advantage either to the bulls or the bears. The bulls will try to arrest the decline at $1.94.

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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