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Price Updates: BTC, ETH, BNB & ADA

Bitcoin remains strong above its latest breakout level, but several major altcoins will be under pressure until BTC reveals its next move. Bitcoin has been holding above $54,000 for the past few days but that has not resulted in excitement among investors.

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Bitcoin remains strong above its latest breakout level, but several major altcoins will be under pressure until BTC reveals its next move. Bitcoin has been holding above $54,000 for the past few days but that has not resulted in excitement among investors.

BTC

Bitcoin rotated down from $57,680 but the long tail on the day’s candlestick suggests buying on dips. The bears tried to pull the price below the breakout level at $52,920 but indicates that bulls are not yielding. The rising 20-day exponential moving average  of $51,338 and the relative strength index  in the positive zone shows an advantage to the buyers. If bulls push the price above $57,839.04, BTC could rally to $60,000.

ETH

Ether has rebounded off the 20-day EMA of $3,390 for the past three days, signifying that the bulls are accruing on dips. The bulls will now try to drive the price to the neckline of the inverse head and shoulders pattern. A breakout and close above the neckline will complete the bullish setup, which has a target objective of $4,657.

BNB

The Binance Coin broke and closed below the 20-day EMA at $417but the bears could not build on this advantage. The bulls defended the psychological support at $400 and drove the price back above the 20-day EMA on the 11th. Although bears pulled the price below $400 , the move appears to have been a bear trap because BNB  recovered quickly and rebounded to the neckline.

ADA

ADA broke and closed below the support line of the symmetrical triangle on the  12th.  This indicates that the uncertainty of the past few days has resolved in favour of the bears. The bulls will try to push the price back above the 20-day EMA of $2.21 but if they fail, ADA could drop to $1.87. This is a critical level to monitor because if it breaks down, the decline may extend to $1.63.

The opinions expressed here are solely those of the writer and do not 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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