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$500 Million Binance Hack | Crypto News Today | Daily Crypto News | Bitcoin News Today | VOC

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The crypto market is witnessing last-minute sell-offs to end the first week of October. Sidelined bears should be cautious as indicators show most digital assets are extremely over at the moment.

The crypto market has been through a lot to be where it currently is, with the top two cryptocurrencies taking massive hits throughout 2022.

Bitcoin has fallen to lows below $19,000 and has gotten back up several times. Ethereum rose to a high of about $1,700 before the historical merge that saw the blockchain move from a Proof Work mechanism to a Proof Of Stake mechanism.

Bitcoin price shows have fallen sharply by 4% on Friday, October 7. After experiencing congestion near $20,000, the BTC price was sharply rejected and has since fallen in free-fall fashion.

Bitcoin price currently auctions at $19,411. The peer-to-peer digital currency has shown a considerable uptick in volume during the current sell-off., The Relative Strength Index has fallen into extremely oversold territory and printed a bullish divergence as well. displayed several bearish divergences during the summer. Additionally, the bears have established a breach through the 8- exponential moving average and look to test the 21-day simple moving average just below $19,407.

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Binance, the world’s largest cryptocurrency exchange, may have lost half a billion dollars after a hack of its network.

The company temporarily suspended transactions and the transfer of funds after detecting an exploit between two blockchains, a method of digital theft that has been used recently in at least one other major hack.

Varuni is an experienced crypto analyst and journalist with a keen interest in the Web3, blockchain, metaverse and NFT space. She's currently heading the Voice of Crypto team as the Editor-in-Chief and believes that decentralized web is the way to go.

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