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Weeks top cryptocurrencies: BTC, LEO & MANA

BTC continues to lose ground, but if the $40,000 level is regained, LEO and MANA could be the first to recover. Russia’s massive build-up of soldiers near Ukraine’s borders escalated fears of a possible invasion within the next few days. That could have renewed selling in BTC, which dropped below the strong support at $39,600.

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Weeks top cryptocurrencies: BTC, LEO & MANA

BTC continues to lose ground, but if the $40,000 level is regained, LEO and MANA could be the first to recover. Russia’s massive build-up of soldiers near Ukraine’s borders escalated fears of a possible invasion within the next few days. That could have renewed selling in BTC, which dropped below the strong support at $39,600.

BTC

The failure of the buyers to protect the strong support at $39,600 specifies that Bitcoin continues to face strong selling by the bears. The 20-day exponential moving average of $41,193 has started to turn down and the RSI has slipped into the negative territory, signifying that bears have the upper hand. If the price sustains below $39,600, the selling could pick up momentum and BTC could fall to the immediate support zone between $36,250 and $35,507.01.

LEO

LEO has been correcting since making a new all-time high at $8.14. The bears pulled the price below the 50% Fibonacci retracement level at $5.74 but the bulls are aggressively defending the 20-day EMA of $5.45. The rising 20-day EMA and the RSI in the positive territory indicate that bulls have a slight edge.

MANA

MANA turned down from the downtrend line on the 16th of Feb signifying that the sentiment remains bearish and traders are selling on rallies to stiff resistance levels. The bears have pulled the price below the 50-day SMA of $2.83, which opens the door for a possible downside to the strong support zone between $2.44 and $2.20.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of CryptoNews. Every investment and trading move involves risk, and 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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