Musician G. Love Loses Bitcoin to Fake Wallet App
- Bitcoin Loss: Musician G. Love lost 5.92 BTC, valued at approximately $424,175, after downloading a fake Ledger wallet app, highlighting the vulnerability of cryptocurrency users during app installations and potentially jeopardizing his financial stability.
- Attack Methodology: The fake app prompted users to enter their 24-word recovery phrase, granting attackers immediate access to their wallets, illustrating the ongoing risk of brand impersonation in trusted app marketplaces, necessitating increased user vigilance to prevent similar incidents.
- Market Reaction: Bitcoin traded at $71,508 at the time of the report, down about 1.9% over 24 hours, with the Fear & Greed Index at 16, indicating a bearish market sentiment that may have intensified G. Love's urgency to transfer his assets.
- Safety Recommendations: Users should adhere to strict security checks when installing wallet apps, including downloading only from official sources, verifying publisher names, and reviewing app feedback to mitigate the risk of falling victim to such scams, especially amid heightened market uncertainty.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X). As of , X Empire (X) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0000094 | 0.0000105 | 0.0000115 | 0.0000126 | 0.0000136 | 0.0000147 | 0.0000156 |
| Fibonacci | 0.0000105 | 0.0000113 | 0.0000118 | 0.0000126 | 0.0000134 | 0.0000139 | 0.0000147 |
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