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Top crypto currencies to watch this week: BTC, ETC, LUNA, KLAY

Bitcoin bulls are looking for BTC to rebound off a support zone and if confirmed, ETC, LUNA and KLAY could push towards the high range.

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Bitcoin bulls are looking for BTC to rebound off a support zone and if confirmed, ETC, LUNA and KLAY could push towards the high range.

Bitcoin is facing a challenge from the bears near the $48,000 mark. The buy and sell levels show that sellers on Binance have held their ground at the range of $48,000.

BTC/USDT

Bitcoin went down from the resistance line of the rising wedge pattern on the 14th. This shows that the bears have not given up and are aggressively defending the resistance line.

The BTC/USDT pair could now drop to the support line of the wedge, which could entice buyers. If the price rebounds off this level, the bulls will again try to resume the upward trend. A breakout and close above the wedge will invalidate the bearish pattern and open the doors for a rally to $53,000.

ETC/USDT

Ethereum Classic) broke and closed above the overhead resistance at $63.56 on the 13th while completing an climbing triangle pattern. This bullish setup has a pattern target at $94.91.Typically after breaking out of a pattern, the price descends and retests the breakout level. In this scenario, the ETC/USDT pair could retest the $63.56 level in the next few days.

LUNA/USDT

The LUNA token has been trading inside an ascending channel for the past few days. The breakout and close above the downtrend line shows the start of a new uptrend.

The bears have been defending the overhead resistance at $18 for the past four days. If the price rises from the current level or rebounds off the support line, the bulls will make one more attempt to propel the LUNA/USDT pair above $18.

KLAY/USDT

KLAY rose above the $1.81 resistance on the 14th but the bulls could not sustain the higher levels. The long wick on the candlestick of the past two days suggests that bears are defending the overhead resistance aggressively.

The sharp rally of the past few days has pushed the RSI deep into the overbought zone, indicating the possibility of a minor correction or consolidation in the next few days.

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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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