Bitcoin price recovery sets base for TON, AVAX, NEAR, OKB to rally
Bitcoin (BTC) bulls are trying to make a comeback by maintaining the price above the 200-day simple moving average ($84,899) over the weekend. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin needs to close above $85,000 this week to signal strength and “prevent a drop to $76,000.” Lee added that a close above $87,000 would give a clearer bullish confirmation.Tariff wars have rocked both traditional markets and the cryptocurrency markets in the past few days. Nansen research analyst Nicolai Sondergaard believes the markets may remain under pressure until April 2. While speaking on Cointelegraph’s Chainreaction daily X show, Sondergaard said that if the tariffs get dropped, it could act as “the biggest driver at this moment.”Crypto market data daily view. Source: Coin360Although analysts remain bullish for the long term, some expect a short-term decline. Analyzing previous bear market declines, market analyst and author Timothy Peterson said in a post on X that the current bear market should only last for 90 days. The analyst anticipates a fall in the “next 30 days followed by a 20-40% rally sometime after April 15th.”If Bitcoin starts a sustained recovery, several altcoins could follow suit. What are the top cryptocurrencies that look strong on the charts?Bitcoin price analysisBitcoin is struggling to rise and sustain above the 20-day exponential moving average ($85,246), but a positive sign is that the bulls have not ceded much ground to the bears.BTC/USDT daily chart. Source: Cointelegraph/TradingViewThat increases the possibility of a break above the 20-day EMA. If that happens, the BTC/USDT pair could rise to the 50-day SMA ($90,469) and thereafter to $95,000.Conversely, if the price turns down from the 20-day EMA and breaks below $81,000, it suggests that the bulls have given up. That could sink the pair to $80,000 and subsequently to $76,606. Buyers are expected to defend the $76,606 level because a break below it may deepen the correction. There is strong support at $73,777, but if the level falls, the next stop could be $67,000.BTC/USDT 4-hour chart. Source: Cointelegraph/TradingViewBoth moving averages are flattish, but the relative strength index (RSI) has risen into the positive zone. That suggests the bullish momentum is picking up. The first sign of strength will be a close above $87,500. That could open the gates for a rise to $92,500 and later to $95,000.The advantage will tilt in favor of the bears on a break and close below $80,000. That could sink the pair to solid support at $76,606.Toncoin price analysisToncoin (TON) turned down from the $4 level on March 20, but the bulls have held the price above the moving averages.TON/USDT daily chart. Source: Cointelegraph/TradingViewThe moving averages are on the verge of a bullish crossover, and the RSI has jumped into the positive zone. That improves the prospects of a break above $4. If that happens, the TON/USDT pair could surge to $5.This positive view will be invalidated in the near term if the price turns down and breaks below the 20-day EMA ($3.39). That could pull the pair to $2.81 and then to the solid support at $2.73.TON/USDT 4-hour chart. Source: Cointelegraph/TradingViewThe pair is taking support at the 20-EMA on the 4-hour chart, signaling that the bulls are buying the dips. However, the bears are unlikely to give up easily. They will fiercely defend the $3.80 to $4 overhead zone. Sellers will be back in command on a break and close below $3.28. That could start a fall toward $2.90.On the upside, a break and close above $4 signals an advantage to the buyers. There is minor resistance at $4.14, but it is likely to be crossed. The pair may run toward $4.67.Avalanche price analysisAvalanche (AVAX) has been in a strong downtrend, but the positive divergence on the RSI suggests that the bearish momentum may be weakening.AVAX/USDT daily chart. Source: Cointelegraph/TradingViewThe AVAX/USDT pair has been clinging to the 20-day EMA ($19.76), increasing the likelihood of a breakout. If that happens, the pair could climb to the 50-day SMA ($22.41) and subsequently to the $25.12 to $27.23 resistance zone. Such a move suggests that the downtrend could be ending.On the other hand, the downtrend may resume if the price turns down from the 20-day EMA and breaks below the $15.27 support. That could extend the decline to $11.AVAX/USDT 4-hour chart. Source: Cointelegraph/TradingViewThe pair has been trading inside a narrow range between $20.10 and $18.12 on the 4-hour chart. The 20-EMA is trying to move up, and the RSI is in the positive territory, giving a slight advantage to the bulls. If the price breaks above $20.10, the pair may ascend to $21.20 and then to $22.50.Alternatively, if the price turns down and breaks below $18.12, it suggests that the bears are trying to retain control. The pair may slump to $16.95 and eventually to $15.27.Related: Why is Bitcoin price stuck?Near Protocol price analysisNear Protocol (NEAR) has been in a strong downtrend, but it is showing early signs of starting a reversal.NEAR/USDT daily chart. Source: Cointelegraph/TradingViewThe positive divergence on the RSI suggests that the bears are losing their grip. A break and close above the 50-day SMA ($3.05) could strengthen the bulls, opening the gates for a rally to $3.65. Sellers are expected to aggressively defend the $3.65 level, but if the bulls prevail, the NEAR/USDT pair may rise to $5.Contrarily, if the price turns down and breaks below $2.48, it suggests that the bears remain in control. The pair could then drop to the solid support at $2.14.NEAR/USDT 4-hour chart. Source: Cointelegraph/TradingViewThe 4-hour chart has been trading above the 20-EMA, indicating that the bulls are holding on to their positions as they anticipate another leg higher. A break above $2.83 could start a move toward $3.25. Sellers are expected to defend the $3.25 level, but if the bulls pierce the resistance, the next stop could be $3.65.This optimistic view will be negated in the near term if the price turns down and breaks below the moving averages. The pair may decline to $2.48 and, after that, to $2.34.OKB price analysisOKB (OKB) has been trading inside a descending channel pattern, indicating buying near the support line and selling close to the resistance line.OKB/USDT daily chart. Source: Cointelegraph/TradingViewThe OKB/USDT pair picked up momentum after breaking out of the 20-day EMA ($48.39) on March 14. The pair is facing selling near $$54, which could pull the price down to the 20-day EMA. A shallow pullback suggests that the bulls are not rushing to the exit, increasing the possibility of a rally to the resistance line.Contrary to this assumption, if the price continues lower and breaks below the 50-day SMA ($47.56), it signals that the bears remain active at higher levels. The pair may then tumble to $45.OKB/USDT 4-hour chart. Source: Cointelegraph/TradingViewSellers are trying to pull the price below the 50-SMA on the 4-hour chart. If they succeed, it could weaken the bullish momentum. There is support at $48, but if the level breaks down, the pair could drop to $45.Instead, a solid bounce off the 50-SMA suggests that the sentiment remains positive and bulls are buying on dips. The up move could resume above $54, opening the doors for a rally to the resistance line.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Bitcoin 'in position' for first key RSI breakout in 6 months at $85K
Bitcoin (BTC) circled $85,000 into the March 23 weekly close as excitement over a key trend change brewed.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBitcoin price meets decisive RSI setupData from Cointelegraph Markets Pro and TradingView showed BTC/USD finding strength during weekend trading.Up 1.5% on the day, Bitcoin edged higher as part of a broad crypto market uptick, which also lifted various major altcoins.“I think this next week will be telling where the market wants to head for the next higher timeframe move,” popular trader Daan Crypto Trades wrote in part of his latest X analysis, noting the closing position of CME Group’s Bitcoin futures.BTC/USD 15-minute chart. Source: Daan Crypto Trades/XThe post echoed the broader market sentiment as traders eyed the potential for a fresh push higher into the monthly close.Popular trader and analyst Rekt Capital reiterated encouraging breakout signs on daily timeframes for Bitcoin’s relative strength index (RSI).“The Daily RSI is showcasing early signs of retesting the Downtrend dating back to November 2024 as new support,” he reported.BTC/USD 1-day chart with RSI data. Source: Rekt Capital/XFor fellow analyst Matthew Hyland, however, current price levels held deeper significance.For the first time in six months, he revealed on the day that BTC/USD was about to seal a key bullish RSI divergence on weekly timeframes.“BTC can make weekly bullish divergence for the first time since September tonight,” he confirmed on X.“Currently in position.”BTC/USD 1-week chart with RSI data. Source: Matthew Hyland/XBull market to return in “a couple of weeks?”Elsewhere, trading team Stockmoney Lizards shrugged off the idea that Bitcoin risked entering a long-term bear market.Related: Here’s why Bitcoin price can’t go higher than $87.5KThe local bottom, it told X followers in its latest market analysis, lay at $76,000 — a level already revisited earlier this month.“While many are panicking and declaring a bear market, the long-term trend channel (green lines) remains firmly intact,” it summarized alongside a chart showing BTC price fluctuations around an average trend line during bull markets. “This correction doesn’t invalidate the uptrend – it confirms it.”BTC/USD 1-week chart. Source: Stockmoney Lizards/XStockmoney Lizards acknowledged that upside continuation may take some time.“This test doesn’t guarantee an immediate pump, but history indicates we’re approaching a bottoming zone,” it concluded.“How long does this take? Well, nobody knows. These days, news, macroeconomic signals etc. can determine the duration of our correction. Educated guess: a couple of weeks.”This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Ethereum eyes 65% gains from 'cycle bottom' as BlackRock ETH stash crosses $1B
Ethereum’s native token, Ether (ETH), has lost half of its value in the past three months, crashing from $4,100 in December 2024 to as low as around $1,750 in March 2025. Nevertheless, it is now well-positioned for a sharp price rebound.65% ETH price rebound in play by JuneFrom a technical standpoint, Ether’s price is eyeing a potential breakout as it retests a long-term support zone. Historically, bounces from this multi-year support have led to explosive rallies — most notably gains of over 2,000% and 360% during past cycles.ETH/USD two-week price chart. Source: TradingViewAs of March 23, the ETH/USD pair was hovering near $2,000, close to the given support area. A bounce from this zone can lead the price toward $3400 by June—up 65% from current prices. This level coincides with the lower boundary of Ether’s prevailing descending channel resistance.Source: Ted PillowsConversely, a decline below the support zone could push the ETH price toward the 200-2W exponential moving average (200-2W EMA; the blue wave in the first chart) at around $1,560.BlackRock’s crypto funds hold over $1B in ETHEther’s bullish outlook appears as institutional confidence in Ethereum grows stronger. BlackRock’s BUIDL fund now holds approximately a record $1.145 billion worth of Ether, up from around $990 million a week ago, according to data from Token Terminal. Capital deployed across BlackRock’s BUIDL fund. Source: Token TerminalThe fund primarily focuses on tokenized real-world assets (RWAs), with Ethereum remaining the dominant base layer. While the fund diversifies across chains like Avalanche, Polygon, Aptos, Arbitrum, and Optimism, Ethereum remains its core allocation.BlackRock’s latest addition of ETH signals rising institutional confidence in Ethereum’s role as the leading platform for real-world asset tokenization.Related: Ethereum open interest hits new all-time high — Will ETH price follow?Ethereum’s bullish case also coincides with a sharp uptick in whale accumulation. The latest onchain data from Nansen shows that since March 12, 2024, addresses holding 1,000–10,000 ETH have grown their holdings by 5.65%, while the 10,000–100,000 ETH cohort has risen by 28.73%. Ethereum whale holdings. Source: NansenThough addresses holding more than 100,000 ETH remain relatively stable, this accumulation trend underscores rising conviction among large investors.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Saylor hints at impending BTC purchase after latest capital raise
Strategy co-founder Michael Saylor hinted at an impending Bitcoin (BTC) purchase after the company raised additional capital this week through its latest preferred stock offering.The executive posted the Sunday Bitcoin chart on X that signals another BTC acquisition the next day — when traditional financial markets open — with the playful message “needs more orange.”According to SaylorTracker, the company’s most recent BTC acquisition occurred on March 17, when Strategy purchased 130 BTC, valued at $10.7 million, bringing its total holdings to 499,226 BTC.Strategy’s total Bitcoin purchases. Source: SaylorTrackerStrategy’s March 17 BTC acquisition represents one of its smallest purchases on record and came after a two-week break in buying.On March 21, the company announced the pricing of its latest tranche of preferred stock. The preferred stock was sold at $85 per share and featured a 10% coupon. According to Strategy, the offering should bring the company approximately $711 million in revenue.Michael Saylor continues evangelizing for the Bitcoin network, inspiring dozens of publicly traded companies to adopt BTC as a treasury asset and petitioning the US government to buy more of the scarce digital commodity.Strategy’s BTC acquisitions in 2025. Source: SaylorTrackerRelated: Michael Saylor’s Strategy to raise up to $21B to purchase more BitcoinSaylor pushes for the US government to purchase 25% of BTC’s total supplySaylor wrote that the US government should acquire 25% of Bitcoin’s total supply by 2035 — when 99% of the total BTC supply has been mined.The executive also petitioned for the US government to adopt a comprehensive framework for all digital assets in a proposal titled, A Digital Assets Strategy to Dominate the 21st Century Global Economy.Saylor giving his 21 Truths of Bitcoin speech at the Blockworks Digital Asset Summit. Source: CointelegraphSpeaking at the recent Blockworks Digital Asset Summit, the Strategy co-founder presented his 21 Truths of Bitcoin speech. The executive told the audience:”Gold still underperforms the S&P Index by a factor of two or more, so there is only one commodity in the history of the human race that was not a garbage investment — the one commodity is Bitcoin — a digital commodity.”Despite the recent market downturn, Strategy is still up over 28% on its BTC investment and is sitting on over $9.3 billion in unrealized gains.Magazine: ‘China’s MicroStrategy’ Meitu sells all its Bitcoin and Ethereum: Asia Express
Move aside, location — crypto fuels the talent revolution
Opinion by: Nick Denisenko is the chief technology officer and co-founder of BrightyYou can’t fight it. Crypto investments and transactions are on the up. The technology is seamless in crossing borders and making international transactions convenient. Many people report this as a reason for choosing to receive payments in crypto. Using cryptocurrency to pay bills is becoming increasingly popular as digital currencies gain wider acceptance. And, with the number of digital nomads expected to exceed 60 million by 2030, the shift toward crypto has glaring consequences for businesses attracting talent in a global market. Crypto companies are multinational by default. Spread across the globe, they’re no stranger to paying salaries in crypto. But today, the traditional economy also leans toward crypto payments for a straightforward reason. Crypto promises to unlock talent from across the world. There are tricky compliance issues involved in hiring employees from abroad. By using crypto, companies will unlock the opportunity to pay — and work with — those who best fit their needs.Foreign hires could even be cheaper and a better fit than locals. With border-crossing crypto fintech, the traditional economy will follow in the footsteps of crypto businesses, and location will no longer make up a competitive edge in hiring. The workforce becomes truly globalIn the past, businesses tended to hire locally. Some contractors could be hired from abroad, but their scope was minimal. Although relocation was possible, the core staff was local. In some ways, this was easier — little cultural friction or language barriers — but it also cost businesses an arm and a leg.Hiring and paying remote employees was expensive — or worse, outright tricky. In some locations, payments could be hit with commissions and sometimes even account suspension. Contemporary procedures are often no better — the regulations can be rigid and unforgiving. For example, employees from certain countries will struggle to open a bank account in USD. Recent: Tether USDt tops salary payments and savings in EU in 2024 — BrightyThat’s where the beauty of crypto lies. You can open up a stablecoin account in minutes, enabling you to receive your salary without problems. For example, Binance covers most local currencies, meaning that employees can also cash out on home ground. There is a strong demand for more businesses to accept crypto as a measure to grow crypto usage as a salary. People want to earn and spend this money. There’s been robust growth in salary payments in crypto, and it’s an emerging trend. The possibility of paying employees in crypto already is and will continue to shape businesses worldwide.Crypto payments enhance global hiringCrypto payments matter financially. Employers are becoming increasingly aware that specific roles can be easily outsourced, and crypto payments streamline this process. With potential savings to avoid paying for the company’s jurisdiction, the payout from crypto can be high. Another implication is the skills businesses are seeking. When employees are paid using crypto, it doesn’t really matter where they are from — and, with passport color brushed aside, employers are instead zeroing in on the skills of prospective hires. These have always been important, but are even more so now. When employers can browse internationally for talent, proving you’re a real pro in your field could be the difference between nailing that job offer and missing out. Continuous education will become the norm as the workforce sharpens its skills.Strong communication skills will be particularly in demand. This is perfectly understandable — remote teams from across the world could have quite varied communication styles. Some could be pushovers — some, fundamental authorities. Effectively adjusting to different working approaches will become fundamentally important. Even a surge in the number of intercultural mediation and communication coaches is expected in the coming years.Crypto will narrow the competition in finding talent by allowing recruiters to hone in on desirable skills. It will also open up the geography of the potential workforce: Employees from Latin America and Asia will collaborate more and more with Europe and the US.That’s not to say that the changes are without drawbacks. Labor markets in the US and Europe could be hit hard. These workforces are the most expensive because of compliance and regulations. With businesses increasingly able to look abroad for talent, domestic hires could see turbulent times.Finally, there will be changes in the professions using crypto. Currently, most tech jobs are covered by crypto payments. But soon, the tech will go beyond the realm of the deep IT sector, as designers, tech writers, marketing managers, scriptwriters, operational managers and finance officers, among others, will use the technology. Another positive sign is that crypto transactions will change the creator economy and the industry of donations. These groups will begin to further accept payments from all over the world.The growth of technologyCrypto is expanding. The tech is at the cutting edge of convenience and speed for international payments and investments. Crucially, this expansion is being met with shifts in the workforce — recruitment, skillset and location. Businesses that pay in crypto can afford to seek talent beyond their own borders. Let’s take borders out of the question and move location aside — talent can be found everywhere.Opinion by: Nick Denisenko is the chief technology officer and co-founder of Brighty.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
What are address poisoning attacks in crypto and how to avoid them?
Address poisoning attacks are malicious tactics used by attackers who can reroute traffic, interrupt services, or obtain unauthorized access to sensitive data by inserting bogus data or changing routing tables. The integrity of data and network security are seriously threatened by these assaults, which take advantage of flaws in network protocols.This article will explain what address poisoning attacks are, their types and consequences, and how to protect oneself against such attacks.Address poisoning attacks in crypto, explainedIn the world of cryptocurrencies, hostile actions where attackers influence or deceive consumers by tampering with cryptocurrency addresses are referred to as address poisoning attacks.On a blockchain network, these addresses, which are made up of distinct alphanumeric strings, serve as the source or destination of transactions. These attacks use a variety of methods to undermine the integrity and security of cryptographic wallets and transactions.Address poisoning attacks in the crypto space are mostly used to either illegally acquire digital assets or impair the smooth operation of blockchain networks. These attacks may encompass:TheftAttackers may trick users into transmitting their funds to malicious addresses using strategies such as phishing, transaction interception or address manipulation.DisruptionAddress poisoning can be used to disrupt the normal operations of blockchain networks by introducing congestion, delays or interruptions in transactions and smart contracts, reducing the effectiveness of the network.DeceptionAttackers frequently attempt to mislead cryptocurrency users by posing as well-known figures. This undermines community trust in the network and might result in erroneous transactions or confusion among users.To protect digital assets and the general integrity of blockchain technology, address poisoning attacks highlight the significance of strict security procedures and constant attention within the cryptocurrency ecosystem.Related: How to mitigate the security risks associated with crypto paymentsTypes of address poisoning attacksAddress poisoning attacks in crypto include phishing, transaction interception, address reuse exploitation, Sybil attacks, fake QR codes, address spoofing and smart contract vulnerabilities, each posing unique risks to users’ assets and network integrity.Phishing attacksIn the cryptocurrency realm, phishing attacks are a prevalent type of address poisoning, which involves criminal actors building phony websites, emails or communications that closely resemble reputable companies like cryptocurrency exchanges or wallet providers.These fraudulent platforms try to trick unsuspecting users into disclosing their login information, private keys or mnemonic phrases (recovery/seed phrases). Once gained, attackers can carry out unlawful transactions and get unauthorized access to victims’ Bitcoin (BTC) assets, for example.For instance, hackers might build a fake exchange website that looks exactly like the real thing and ask consumers to log in. Once they do so, the attackers can gain access to customer funds on the actual exchange, which would result in substantial financial losses.Transaction interceptionAnother method of address poisoning is transaction interception, in which attackers intercept valid cryptocurrency transactions and change the destination address. Funds destined for the genuine receiver are diverted by changing the recipient address to one under the attacker’s control. This kind of attack frequently involves malware compromising a user’s device or network or both.Address reuse exploitationAttackers monitor the blockchain for instances of address repetition before using such occurrences to their advantage. Reusing addresses can be risky for security because it might reveal the address’s transaction history and vulnerabilities. These weaknesses are used by malicious actors to access user wallets and steal funds.For instance, if a user consistently gets funds from the same Ethereum address, an attacker might notice this pattern and take advantage of a flaw in the user’s wallet software to access the user’s funds without authorization.Sybil attacksTo exert disproportionate control over a cryptocurrency network’s functioning, Sybil attacks entail the creation of several false identities or nodes. With this control, attackers are able to modify data, trick users, and maybe jeopardize the security of the network.Attackers may use a large number of fraudulent nodes in the context of proof-of-stake (PoS) blockchain networks to significantly affect the consensus mechanism, giving them the ability to modify transactions and potentially double-spend cryptocurrencies.Fake QR codes or payment addressesAddress poisoning can also happen when fake payment addresses or QR codes are distributed. Attackers often deliver these bogus codes in physical form to unwary users in an effort to trick them into sending cryptocurrency to a location they did not plan.For example, a hacker might disseminate QR codes for cryptocurrency wallets that look real but actually include minor changes to the encoded address. Users who scan these codes unintentionally send money to the attacker’s address rather than that of the intended receiver, which causes financial losses.Address spoofingAttackers who use address spoofing create cryptocurrency addresses that closely resemble real ones. The idea is to trick users into transferring money to the attacker’s address rather than the one belonging to the intended recipient. The visual resemblance between the fake address and the real one is used in this method of address poisoning.An attacker might, for instance, create a Bitcoin address that closely mimics the donation address of a reputable charity. Unaware donors may unintentionally transfer money to the attacker’s address while sending donations to the organization, diverting the funds from their intended use.Smart contract vulnerabilitiesAttackers take advantage of flaws or vulnerabilities in decentralized applications (DApps) or smart contracts on blockchain systems to carry out address poisoning. Attackers can reroute money or cause the contract to behave inadvertently by fiddling with how transactions are carried out. Users may suffer money losses as a result, and decentralized finance (DeFi) services may experience disruptions.Consequences of address poisoning attacksAddress poisoning attacks can have devastating effects on both individual users and the stability of blockchain networks. Because attackers may steal crypto holdings or alter transactions to reroute money to their own wallets, these assaults frequently cause large financial losses for their victims.Beyond monetary losses, these attacks may also result in a decline in confidence among cryptocurrency users. Users’ trust in the security and dependability of blockchain networks and related services may be damaged if they fall for fraudulent schemes or have their valuables stolen.Additionally, some address poisoning assaults, such as Sybil attacks or the abuse of smart contract flaws, can prevent blockchain networks from operating normally, leading to delays, congestion or unforeseen consequences that have an effect on the entire ecosystem. These effects highlight the need for strong security controls and user awareness in the crypto ecosystem to reduce the risks of address poisoning attacks.Related: How to put words into a Bitcoin address? Here’s how vanity addresses workHow to avoid address poisoning attacksTo protect users’ digital assets and keep blockchain networks secure, it is crucial to avoid address poisoning assaults in the cryptocurrency world. The following ways may help prevent being a target of such attacks:Use fresh addressesBy creating a fresh crypto wallet address for each transaction, the chance of attackers connecting an address to a person’s identity or past transactions can be decreased. For instance, address poisoning attacks can be reduced by using hierarchical deterministic (HD) wallets, which create new addresses for each transaction and lessen the predictability of addresses.Utilizing an HD wallet increases a user’s protection against address poisoning attacks because the wallet’s automatic address rotation makes it more difficult for hackers to redirect funds.Utilize hardware walletsWhen compared to software wallets, hardware wallets are a more secure alternative. They minimize exposure by keeping private keys offline.Exercise caution when disclosing public addressesPeople should exercise caution when disclosing their crypto addresses in the public sphere, especially on social media sites, and should opt for using pseudonyms.Choose reputable walletsIt is important to use well-known wallet providers that are known for their security features and regular software updates to protect oneself from address poisoning and other attacks.Regular updatesTo stay protected against address poisoning attacks, it is essential to update the wallet software consistently with the newest security fixes.Implement whitelistingUse whitelisting to limit transactions to reputable sources. Some wallets or services allow users to whitelist particular addresses that can send funds to their wallets.Consider multisig walletsWallets that require multiple private keys to approve a transaction are known as multisignature (multisig) wallets. These wallets can provide an additional degree of protection by requiring multiple signatures to approve a transaction.Utilize blockchain analysis toolsTo spot potentially harmful conduct, people can track and examine incoming transactions using blockchain analysis tools. Sending seemingly trivial, small quantities of crypto (dust) to numerous addresses is a common practice known as dusting. Analysts can spot potential poisoning efforts by examining these dust trade patterns.Unspent transaction outputs (UTXOs) with tiny amounts of cryptocurrency are frequently the consequence of dust transactions. Analysts can locate possibly poisoned addresses by locating UTXOs connected to dust transactions.Report suspected attacksIndividuals should respond right away in the event of a suspected address poisoning attack by getting in touch with the company that provides their crypto wallet through the official support channels and detailing the occurrence.Additionally, they can report the occurrence to the relevant law enforcement or regulatory authorities for further investigation and potential legal action if the attack involved considerable financial harm or malevolent intent. To reduce possible risks and safeguard both individual and group interests in the cryptocurrency ecosystem, timely reporting is essential.
ETH may reclaim $2.2K ‘macro range’ amid growing whale accumulation
Ether, the second-largest cryptocurrency by market capitalization, has been facing a downward trend for the past three months. After reaching an all-time high of over $4,100 on December 16, 2024, Ether’s price has dropped by over 51%, according to data from TradingView.
To reverse this downtrend, Ether needs to reclaim the “macro range” above $2,200, as noted by popular crypto analyst Rekt Capital in a recent post. This range, which is marked in black on the monthly chart, has been a key level for Ether’s price in the past.
However, despite positive regulatory developments and a surge in open interest for Ether futures, the cryptocurrency has been unable to gain significant momentum. This is due to global macroeconomic concerns, which are expected to continue until at least the beginning of April.
But there is hope for Ether’s price as large investors, or “whales,” have been accumulating the cryptocurrency. According to Nicolai Sondergaard, a research analyst at Nansen, the number of addresses with at least $100,000 worth of Ether has been increasing since the beginning of March. This suggests that these whales are confident in Ether’s long-term potential.
In fact, some analysts predict a $6,000 cycle top for Ether’s price and a $180,000 Bitcoin price by the end of 2025. This optimism is shared by investment firm VanEck, which also predicts a strong year for cryptocurrencies.
Despite short-term volatility, investors remain bullish on Ether and the overall crypto market. And with whales accumulating and positive developments in the regulatory landscape, it’s only a matter of time before Ether reclaims its “macro range” and continues its upward trajectory.
Bitcoin needs weekly close above $85k to avoid correction to $76k: analysts
Bitcoin analysts are eying the weekly close to gauge Bitcoin’s price trajectory for next week, as traditional and crypto markets are lacking direction amid a mix of global trade war fears paired with easing inflation concerns.Bitcoin’s (BTC) price may see more downside next week unless it manages to close the week above the $85,000 psychological mark, according to Ryan Lee, chief analyst at Bitget Research.“Bitcoin’s relief rally after the FOMC meeting and lower CPI readings has analysts eyeing a weekly close above $85,000, as critical for resuming upside momentum,” Lee told Cointelegraph, adding:“A close above this level could prevent a drop to $76,000 and signal strength, while $87,000 would provide even clearer bullish confirmation. Macro factors like steady rates and cooling inflation support risk assets, but the Sunday close will be decisive.”BTC/USD, 1-year chart. Source: CointelegraphBitcoin’s price has been lacking momentum, rising only 0.9% over the past week, Cointelegraph Markets Pro data shows. A disappointing weekly close risks a revisit to the previous week’s price low of $76,600.Related: Whale closes $516M 40x Bitcoin short, pockets $9.4M profit in 8 daysMarkets should “pay attention” to long-term holder accumulation: analystWhile Bitcoin may experience short-term downside, the relief rally after the Federal Open Markets Committee (FOMC) meeting was a positive sign for market participants, according to Enmanuel Cardozo, market analyst at Brickken real-world asset (RWA) tokenization platform.Instead of short-term fluctuations, investors should pay attention to long-term Bitcoin holder accumulation to gauge BTC’s trend, the analyst told Cointelegraph, adding:“Long-term holders continue to stack, as we’ve seen in on-chain data, the accumulation by these holders, quietly building since the dip is what we should be paying attention to.”Long-term holders resumed their Bitcoin accumulation at the beginning of February, buying over $21 billion worth of Bitcoin since.BTC: Total supply held by long-term holders, year-to-date chart. Source: GlassnodeThe total Bitcoin supply held by long-term holders increased by over 250,000 BTC in less than two months, from 13.1 million BTC on Feb. 11 to over 13.3 million on March 22, Glassnode data shows.Related: Trader nets $480K with 1,500x return before BNB memecoin crashes 50%BTC/USD, 1-day chart. Source: Cointelegraph/TradingViewDespite a wave of positive regulatory and crypto-specific developments, global tariff fears will continue to pressure the markets until at least April 2, according to Nicolai Sondergaard, a research analyst at Nansen.Magazine: Bitcoin’s odds of June highs, SOL’s $485M outflows, and more: Hodler’s Digest, March 2 – 8