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Bitcoin Price Analysis: Massive Volatility for BTC Around $64K but What’s Next?

Bitcoin’s price demonstrates clear signs of recovery, with the market reclaiming some key levels. Investors are now hopeful that the correction phase is finally over. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has recently demonstrated an impulsive recovery from the $56K support level, breaking through several resistance elements. The 200-day moving average, located around the $59K mark, the bearish trendline, and the $60K resistance...

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Whales Bought the Highest Amount of Bitcoin in Thirty Days Since April 2023

Bitcoin whales accumulated around $4.3 billion over the past thirty days, buying the dip as the asset hit its lowest numbers in the past few months. A massive chunk of the billions was acquired during bitcoin’s lowest price point recorded in the past 30 days when it dipped below the $54,000 mark. The last time users bought such amounts of bitcoin was when multiple banks failed in the US in April 2023, pushing confidence in the leader of decentralized assets up tremendously. Now, it has...

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Hackers Gain Control of Filipino Artists’ Accounts to Promote XRP Scam

Multiple Filipino artists had their YouTube channels hacked, with the hackers streaming a deepfake video of XRP co-founder Brad Garlinghouse predicting XRP’s price to rise to $4. Obviously, the video was doctored to get unsuspecting users to follow instructions and have their funds drained. One of the biggest accounts from the series of hacks belonged to Ben&Ben, a pop band comprising nine members, boasting 3.02 million followers. A band member took to Ben&Ben’s official Facebook...

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Kraken to Begin Distributing Mt. Gox Compensation Funds Soon: $3.1B Worth Bitcoin Transfer Noted

Kraken has announced the receipt of funds from the Mt. Gox Rehabilitation Trustees on July 16th. This marks a significant step towards compensating those impacted by the historic collapse of the Mt. Gox exchange a decade ago. In an email to the affected parties, the exchange said it plans to begin distributing Bitcoin (BTC) and Bitcoin Cash (BCH) to affected users within the next seven to 14 days. Distribution Plan for Mt. Gox Funds According to Kraken’s email, the amount...

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