Bitcoin is currently consolidating at the highs in the 1D chart with a high of 11,400 and immediate support around 10,500. As price continue to move up, moving averages may also follow suit and trail along with price both in the high and low timeframes. Meanwhile, the 4H chart shows a clear structure of price with a continuation pattern/some call it a pennant pattern . The pattern being formed in the intraday chart is a bullish continuation pattern and it's also congruent with the daily structure. So far momentum for BTC looks good and we may see a next potential resistance around 12,400.
Global market cap is at $327B, while BTC's market cap is at $204B.
Bakkt, subsidiary of Intercontinental Exchange, has reported record high of trades for its monthly Bitcoin futures contracts alongside BTC's rally to a new high this year. The institutional investing platform reported its highest number of traded contracts on July 28 with 11,506 contracts (85% up from previous record) which was then succeeded by a surge in BTC's price to $11,400. Today, the number of traded contracts has topped July 28's record with 11,706 Bitcoin futures contracts traded - over $125M of Bitcoin.
Bakkt isn't the only institutional exchange that reported record numbers this week as The Chicago Mercantile Exchange (CME), a much bigger exchange than Bakkt, also had a surge in Bitcoin futures contracts on Monday; BTC on CME opened the trading week on a huge $300 gap from 9,600+. According to CME data, 25,493 contracts were traded on Monday (July 27, 2020). Furthermore, daily volume topped $1.3 billion while open interest also soared to $274 million.
Hackers have transferred 3,503 Bitcoin, worth around $38.7M, from wallets connected to the 2016 hack of Bitfinex. According to a series of tweets posted by Whale Alert, wallet addresses associated with one of the largest breaches ever of a crypto exchange moved 3,503 BTC over 12 transactions. The BTC represents only a fraction of the total that was stolen - which amounted to 119,756 BTC. To date, these hackers have moved only 1-2% of the funds they stole from BitFinex, which appears to be paying off as the haul was only worth $72 million at the time, now it's worth $1.3 billion.
Ledger, a major cryptocurrency hardware wallet provider, has alerted customers to a data breach it faced in June and July. The company said in an email that it was made aware of a breach on July 14 when a researcher participating in their bounty program made them aware of a potential data breach on the Ledger website. While this vulnerability was immediately fixed, further investigations found that it had also been exploited by an unauthorized third party on June 25. The compromised data includes email addresses of almost one million people, but a further subset of 9,500 customers had details such as first and last name, postal address, and phone number exposed.
According to a post on their website, the unauthorized third party had access to a portion of Ledger's e-commerce and marketing database through an API Key, which has since been deactivated and is no longer accessible. Ledger has emphasized that all payment information and crypto funds are safe.
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