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Weekly cryptocurrency Update BTC, DOT, LUNA & AVAX

Bitcoin’s dominance has dropped from about 48% to 42.3% while the total crypto market capitalization has continued its northbound trend. This indicates that the price action has moved from Bitcoin to altcoins.

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Bitcoin’s dominance has dropped from about 48% to 42.3% while the total crypto market capitalization has continued its northbound trend. This indicates that the price action has moved from Bitcoin to altcoins.

BTC

Bitcoin broke above the bullish flag pattern but the buyers could not capitalize on this move and push the price above the overhead resistance zone at $64,854 to $67,000. This specifies the bears have not yet given up and are attempting to stall the up-move trend.

DOT

Polkadot rose and broke above the overhead resistance at $49.78 .The RSI broke above the downtrend line, cancelling the negative divergence. This suggests the continuation of the uptrend. The bears attempted to pull the price back below the breakout level but the long tail on the candlestick shows that bulls are buying on dips. The rising moving averages and the RSI near the overbought zone indicate the path of least resistance is to the upside.

LUNA

The LUNA token broke and closed above the overhead resistance at $49.54. The bears attempted to pull the price back below the breakout level but could not endure the lower levels. This suggests that the bulls are buying on dips. If bulls drive the price above $53.18, LUNA could rally to the resistance line of the wedge where the bears are expected to mount a stiff resistance

AVAX

After trading near the overhead resistance at $79.80 for the past three days, AVAX has broken above the barrier. This specifies the possible resumption of the uptrend. The rising moving averages and the RSI in the overbought territory indicate that bulls are in control. If the price sustains above $79.80, AVAX pair could rally to $93.04 and then try to challenge the psychological level at $100.

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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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