Cryptocurrencies Price Prediction: Bitcoin, Vitalik & WazirX – European Wrap 6 September
|Bitcoin pressured by risk-off mood
The pressure on risk assets continues, pushing the crypto market capitalisation back below the bi milestone of $2 trillion. This level acted as resistance in early February and support since May, except for a brief dip in early August. The horizontal correction pattern risks turning into a downtrend if the market breaks below the August pivot point near $1.85 trillion.
Vitalik Buterin says all Layer-2 token holdings will be donated to charity, won’t sell for profit
Vitalik Buterin, Ethereum co-founder, has not sold Ether since the altcoin’s ICO in 2018. On-chain transfers by Buterin make headlines as ETH holders keep eyes peeled for selling pressure on the altcoin.
Ether trades at $2,382 at the time of writing.
WazirX, PenPie and Bo Shen hackers launder $42.7 million in stolen funds through Tornado Cash
Three different hackers responsible for the exploit of crypto assets worth millions of dollars from crypto exchange WazirX, DeFi protocol Penpie, and Founder of Fenbushi Capital Bo Shen are using Tornado Cash to move part of the stolen funds. According to data from Lookonchain, the three hackers have deposited 17,800 Ethereum (ETH) worth $42.7 million into the platform this week.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.