BILLIONAIRE INVESTOR BILL MILLER PUTS 50% OF NET WORTH IN BITCOIN, SAYS BTC CAN GO UP 50X!!

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Elon Musk, Jeff Bezos, Kanye West and Obama are among many victims after massive Twitter hack aims to dupe Bitcoin (BTC) holders out of their cryptocurrency.

Elon Musk’s Twitter account was apparently hijacked today following a series of attacks on cryptocurrency-related accounts, including major exchanges such as Binance, and U.S.-based Coinbase, and Gemini.

Other handles compromised included the @Bitcoin Twitter account. Musk’s account pinned a tweet to his feed at 4:17pm ET which suggested that the entrepreneur would double any Bitcoin sent to a wallet address.

Musk has, in the past, discussed cryptocurrencies on his Twitter feed, suggesting that he owns 0.25 Bitcoins.

Scammers have been known to use this technique to dupe Bitcoin owners into sending irreversible transactions to a digital wallet.

Bill Gates’ account was also targeted as the attack continued.

While the attackers initially concentrated on crypto-native accounts, they expanded to technology leaders including Jeff Bezos of Amazon, and then to celebrities like Kanye West.

After ten minutes, the wallet address that was posted on Musk’s account already contained 3.64 Bitcoins, worth $34,498 at the time of writing.

Prior to Musk’s account being hacked, the wallet had only received 0.6527 Bitcoins after being posted on the hacked accounts of numerous exchanges.

Numerous other accounts within the cryptocurrency space had already been accessed by the apparent hack, including the largest exchanges in the space.

Binance and Coinbase have 2.2 million Twitter followers between them, although Musk’s account is an order of magnitude larger, with 36.9 million followers.

While the original tweet was soon deleted, a new version popped up again within seconds, suggesting that the attack was ongoing.

In other trending Bitcoin News today:

Glassnode Says ChainLink Buyers on Rampage As Crypto Asset Bursts Into Top Ten by Market Cap

A new Glassnode Insights report says exchanges have witnessed a significant surge in LINK deposits over the last few weeks, suggesting that early investors were incentivized to unload their ChainLink holdings as the cryptocurrency soared in value.

“On July 4th, the number of LINK exchange deposits reached an ATH, with ~5000 individual deposits totaling nearly four million LINK (worth almost $19 million at the time)… Then, on July 13th, LINK exchange deposits spiked again (albeit less intensely than the previous spike).”

Despite the surge of ChainLink deposits to crypto exchanges, on-chain metrics show buyers are outmuscling sellers. Glassnode says exchange withdrawals skyrocketed to its second-highest level, indicating that those who recently bought LINK plan to HODL.

The considerable growth in addresses that hold non-zero LINK balance supports the idea that market participants are bullish on the crypto token.

The metric posted a new all-time high this month, suggesting the rising number of LINK HODLers.

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

Tough day for us at Twitter. We all feel terrible this happened.We’re diagnosing and will share everything we can when we have a more complete understanding of exactly what happened.

💙 to our teammates working hard to make this right.

— jack (@jack) July 16, 2020

Please speak up all you trolls that attacked me for telling you that $DIG was nothing but a huge scam. This chart will eventually describe 99% of all alt coins. But of course, your pet rock will not be one that flat lines pic.twitter.com/LI0EDDsNbf

— Peter Brandt (@PeterLBrandt) July 15, 2020

https://cointelegraph.com/news/elon-musk-twitter-account-apparently-hacked-by-bitcoin-thief

https://cointelegraph.com/news/who-owns-the-cryptoforhealth-domain-behind-the-twitter-hacks

https://www.bbc.com/news/technology-53425822

https://www.newsbtc.com/2020/07/16/bitcoin-bull-peter-brandt-99-of-altcoins-will-eventually-fall-towards-0/

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The BTC Price Could Rise Again!!

Yesterday, we discussed the chances of a short term correction in Bitcoin from the $6,636 high against the US Dollar.

The Bitcoin price did correct lower and traded below the $6,500 support area.

The bears were able to push the price below the 23.6% Fib retracement level of the upward move from the $5,850 swing low to $6,636 high.

Besides, there was a break below the $6,400 level, but the price remained well bid above the 100 hourly simple moving average.

It seems like the bulls protected the 100 hourly SMA and the 50% Fib retracement level of the upward move from the $5,850 swing low to $6,636 high.

The price is currently rising and trading above $6,300.

There is likely a bullish flag pattern forming with resistance near $6,420 on the hourly chart of the BTC/USD pair.

If Bitcoin surpasses the flag resistance and gains pace above the $6,450 level, there are high chances of a strong increase.

The next key resistance is near the $6,600 level, above which the price is likely to gain bullish momentum above $6,640.

In the mentioned bullish case, the bulls are likely to aim a test of the $7,000 resistance.

CZ Talks Bitcoin Price After Halving, Coronavirus and Binance Decentralization Changpeng Zhao, known as CZ — the man behind Binance, one of the largest cryptocurrency exchanges in the world — took part in Cointelegraph China HUB, an online interview column started by Cointelegraph China.

“It’s hard to define the year 2020 with three words. If I must pick three words, I would say: challenge, opportunity and decentralization. The year ahead will be a mix of challenges and opportunities as the industry takes one step further toward the future of decentralization.” – CZ

“The global outbreak of coronavirus does affect certain industries and has caused many countries to lock down. Industries like traveling, tourism and hotels are greatly affected in the short term. However, it also creates opportunities for industries like medicine, health care, online education, etc. Among market activities, great attention has been given to the circuit breaker incidents of the United States stock market. As part of the global financial market, the crypto market has also been volatile for the past couple of days.” – CZ

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

Bitcoin Holding Crucial Support: Here’s What Could Propel it to $7K

https://cointelegraph.com/news/not-april-fools-trump-hints-at-9-oil-after-accidental-bitcoin-plug

https://cointelegraph.com/news/cz-talks-bitcoin-price-after-halving-coronavirus-and-binance-decentralization

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In other Cryptocurrency news today:

The Bitcoin price returns to $8,700 as resistance becomes new bull support.

In a Twitter update on Monday, the popular account known as Crypto Bull highlighted the fact that a dip to current levels represented previous resistance now acting as support.

“Just testing that support again,” he told followers, referencing Bitcoin’s dramatic run-up from $7,400 to over $10,500 from Oct. 26th.

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

https://cointelegraph.com/news/hcm-capital-expects-chinas-digital-currency-to-launch-in-2-3-months