Bitcoin Price Holds 50-Week Trend Despite $6.3B Binance Hack
6 Articles
6 Articles
Bitcoin’s Resilience After Binance Hack Masks Market Jitters
Bitcoin closed for the seventh consecutive week on its 50-week moving average. Binance estimated the impact of a security incident at about $6.3 billion and said it will cover the losses. Glassnode noted that a setback to USD $75,800 could still be compatible with a constructive technical structure.
Bitcoin Price Holds 50-Week Trend Despite $6.3B Binance Hack
Bitcoin has closed above its 50-week moving average for a seventh consecutive week despite the $6.3 billion Binance hack and renewed crypto-market volatility. Glassnode says even a pullback toward $75,800 could leave the broader technical setup intact. Bitcoin Closes Above 50-Week Average for 7th Straight Week Bitcoin just absorbed one of crypto’s largest exchange hacks […]
Following last week's massive cyberattack on the world's largest cryptocurrency exchange, investors, bracing for the worst, witnessed Bitcoin's unexpected resilience.
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