On Jan 02, Bitcoin is trading slightly bullish, having bounced off the support level of $16,500 to reach $16,650. Alternatively, Ethereum is choppy, oscillating in a narrow range of $1,180 to 1,210, and a break of this level has the potential to determine future trends. Ethereum (ETH) has had a rough year, but its underlying worth is higher than its current market price.
The global cryptocurrency market has been sending mixed signals, with a market valuation of less than $800 billion at the start of the new year. The two most important currencies, Bitcoin and Ethereum, have made some gains and continue to trade in the green.
Cardano and Polkadot both gained about 1.5%. Meanwhile, the price of XRP fell 3.3% on the day. Investors are looking for positive market news this year after the price of cryptocurrencies fluctuated significantly in 2022.
Luke Dashjr, a Bitcoin core developer and founding member, claims that his PGP (Pretty Good Privacy) key was compromised. As a result, almost all of his Bitcoin was confiscated. Luke Dashjr, one of Bitcoin's original core developers, claimed that a hack just before the new year caused him to lose nearly all of his Bitcoin.
In a tweet on January 1, the developer claimed that the suspected hackers had gained access to his PGP (Pretty Good Privacy) key, a well-known security technique that uses two keys to access encrypted data.
He did not say how much of his BTC was stolen in total; instead, he revealed a wallet address where some of the stolen BTC was sent. This could be another negative event for the cryptocurrency industry, as it raises new concerns about crypto assets.
On the positive side, Robert Kiyosaki, a well-known author, recently disclosed that he had purchased more Bitcoin and
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