El hacker del balanceador convierte fondos robados a #Ethere | The Crypto Basic en Binance Square

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The Crypto Basic

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El hacker del balanceador convierte fondos robados a #Ethereum   mientras Stakewise recupera $21M. #CryptoNewsFlash  

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#shiba⚡ Inu has continued to hold above a key long-term support level, sparking optimism of a resurgence targeting higher prices. Yet, it has held above a long-term support area, a TradingView analysis from “The Alchemist Trader” highlighted. The market commentator emphasized that #SHIB is holding above a yearly price low of $0.00000734. Shiba Inu dropped to $0.00000678 on Binance during the October 10 market crash but quickly recovered to close much higher. Since then, the token has failed to break below the $0.00000734 demand zone, recording several candle closes above the level despite obvious price weakness. The analyst highlighted that this emphasizes the area’s strength while also suggesting price stabilization. According to him, these are prerequisites for a recovery push for the prominent meme coin. Further bolstering optimism is the recent surge in network activity. For instance, The Crypto Basic reported an 859% surge in Shiba Inu burn rate a few days back, as the ploy to create scarcity of the SHIB token intensifies. The market watcher considers this bullish for the token, asserting it could support a reversal. Meanwhile, the Alchemist Trader predicted that if the $0.00000734 yearly low continues to hold, SHIB could plot a recovery to higher prices. An accompanying chart shows a possible rebound towards the first target of $0.00001591. From the current market price of $0.00000858, this represents an 85% price increase. Notably, the region aligns closely with the July high, an area SHIB has faced severe opposition in the past. The token failed to sustainably trend above the area during May’s lower high, reestablishing the strong sell pressure there. #CryptoNews🚀🔥V

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"Massive $25M ETH Short Wipeout — Is a Bullish Momentum Shift Now Unstoppable?"

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Texas has become the first US state to purchase #Bitcoin for its treasury, making a $10 million acquisition as part of a broader strategic initiative. #CryptoNewsCommunity

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"Elliott Wave Structure Reveals XRP’s Road to Double Digits, Analyst Claims"

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#Cardano Founder Blames Institutions for Latest Crypto Meltdown, Says ‘They Got What They Wanted’. #Cardano founder Charles Hoskinson identifies institutions as the real cause of the recent crypto market crash. Throughout this month, the prices of major cryptocurrencies, including Bitcoin and Cardano, have been in steep decline. Cardano, for instance, opened November at $0.6092 but tumbled to a multi-month low of $0.3911 last week, leaving many investors frustrated. Likewise, Bitcoin, which reached $126,000 a month ago, dropped to $80,600 last week. Speaking during a November 24 livestream, Cardano founder Charles Hoskinson delivered a blunt take on the recent crypto market slump. He argued that large institutions were the fundamental drivers of the downturn, accusing them of pumping and then dumping their digital asset treasuries (DATs). He claimed that major players, including firms like Citadel, “got what they wanted” by driving prices up, then shorting the market as it fell, profiting on both ends of the trade. According to him, these institutions pulled “tens of billions of dollars” out of the market through cycles of aggressive speculation. As a result, market makers were squeezed, retail investors suffered losses, and the market has been struggling ever since. He suggested that the combination of dominance by a few greedy institutions and widespread leverage left the market vulnerable when the bubble finally burst. #CryptoNewss

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