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Price Updates: BTC, ETH, BNB, SOL & ADA

Bitcoin is attempting to extend its recovery by rising above the psychological mark at $50,000, but several popular analysts  appear to believe that BTC could remain range-bound for a few weeks or even months.

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Bitcoin is attempting to extend its recovery by rising above the psychological mark at $50,000, but several popular analysts  appear to believe that BTC could remain range-bound for a few weeks or even months.

BTC

Bitcoin broke below the uptrend line and the psychological support at $50,000, which may have resulted in panic selling. Even though the bulls purchased at the dip aggressively, they are finding it difficult to push the price above $50,000. The down sloping 20-day exponential moving average  of  $55,551 and the RSI near the oversold zone indicate that bears are in command.

ETH

Ether plunged below the 100-day simple moving average of $3,873. The bears could not endure the lower levels. This indicates that traders are accruing on dips. The recovery attempt is facing stiff resistance near $4,250. The bears again attempted to pull the price below the $3,900 support but the t bulls are defending the level.

BNB

Binance Coin broke and closed below the 20-day EMA of $592 .That was followed by a sharp sell-off on which pulled the price to the 100-day SMA of $496. The buyers aggressively defended the 100-day SMA as seen from the long tail on the day’s candlestick. The recovery could reach the 20-day EMA where the bears are likely to mount a strong resistance.

SOL

Solana turned down and re-entered the triangle. This could have trapped the aggressive bulls who bought the breakout of the triangle. The selling picked up momentum after SOL broke and closed below the 20-day EMA of $209. The bears pulled the price below the support line of the triangle and the 100-day SMA of $181.

ADA

ADA turned down from the 20-day EMA ($1.63) on Dec. 3, indicating that sentiment remains negative and traders are selling on rallies. The selling intensified on Dec. 4 and  ADA plunged to $1.18. Although bulls purchased this dip, they could not sustain the recovery. This indicates that demand dries up at higher levels.

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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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