Connect with us

Business

Price Updates : BTC, ETH, BNB & ADA

BTC and ETH changed course as both assets search for underlying support, suggesting that bears are attempting to trap over-leveraged bulls. Bitcoin and Ether have witnessed aggressive profit-booking after hitting their respective new all-time high.

Published

on

BTC and ETH changed course as both assets search for underlying support, suggesting that bears are attempting to trap over-leveraged bulls. Bitcoin and Ether have witnessed aggressive profit-booking after hitting their respective new all-time high.

BTC

Bitcoin made a new all-time high at $67,000 but the bulls could not withstand the breakout as bears pulled the price back below the breakout level at $64,854. This suggests that sellers are trying to trap the aggressive bulls. The bears tried to start a recovery on the 22nd but the long wick on the day’s candlestick shows that traders are selling on minor rallies.

ETH

Ether broke and closed above the overhead resistance at $4,027.88. That was followed by another sharp up-move on Oct. 21, which pushed the price to $4,375, just above the previous all-time high at $4,372.72. However, the long wick and the negative close on the 21st  indicates that traders may have sold aggressively near the all-time high.

BNB

The Binance Coin turned down from $505.90, which shows that bears are protecting the overhead resistance at $518.90. The altcoin could not drop to the 20-day EMA of $455, which is expected to act as a strong support. If the price bounces off the 20-day EMA, BNB could make one more attempt to clear the overhead hurdle at $518.90.

ADA

ADA broke above the 20-day EMA of$2.18 on the 21st but the bulls could not push the price above the resistance line of the symmetrical triangle pattern. This shows that bears are strongly defending this level. The sellers are currently trying to sink the price below the support line of the triangle.

Business

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

Published

on

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.

Continue Reading

Business

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

Published

on

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.

Continue Reading

Business

Hackers are selling counterfeit phones with crypto-stealing malware

Published

on

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.

Continue Reading

Trending

Copyright © 2025 cryptonews.lk