Crypto lunch BTC price rises crypto too bull and bear

Crypto analysis: price BTC and crypto is rising. ETC, ADA and scam alert

By now the US markets have closed again. For the last time before the weekend, we look at the live Bitcoin (BTC) price and the prices of the top 25 crypto. Then we analyze the Ethereum Classic (ETC) price and the Cardano (ADA) price. Finally, we share a scam alert. Scammers are targeting your wallet.

We begin, of course, with live Bitcoin (BTC) and crypto prices.

Live Bitcoin (BTC) price and prices top 25 crypto rise

At the time of writing, the live Bitcoin (BTC) price is quoting EUR 22,789.97 ($23,170.56). This is 2.65% higher than during our crypto update last night.

The prices of the top 25 crypto are also rising. Apart from the stable coins, only the Leo Token (LEO) records a small loss of -0.20%. The biggest gain is currently with +16.73% for Near Protocol (NEAR). On the site of you can analyze all live crypto prices 24 hours a day, including the entire weekend.

Crypto investors excited about drop Ethereum Classic (ETC) price

As we explained earlier, Ethereum Classic (ETC) is benefiting greatly from the changes in Ethereum (ETH). We saw a that this coin posted the largest return over the past month, but the past week saw profit taking. As a result, the weekly result is -8.32%. This is despite a strong recovery in the live Ethereum Classic (ETC) price. It is now trading at $37.58 and this is 8.37% higher than yesterday.

Still, the omens for the ETC price are not unfavorable. Investors seem to appreciate that the rapid growth is slowing down a bit and that liquidity is coming into the market. Based on analyses, one expects a pullback to $29, followed by a bull rally to $43 and in favorable case $50.

Analysts expect the bull trend to be broken only when the price drops below $27. Price pressure could then push the price down to $21.

By the way, this afternoon we already made an analysis of the Bitcoin (BTC) price for the coming week.

Cardano (ADA) price remains flat in moving crypto market

In the period leading up to previous hard forks, we saw the Cardano (ADA) price rise sharply. The live Cardano (ADA) price is currently trading at $0.518. While that is 3.92% higher than yesterday, there is no sign of a strong price increase ahead of the Vasil Hard Fork.

In fact, at the moment the price seems to be moving in a consolidating pattern. To break this pattern, the currency will first need to close above $0.52 and then break through resistance at $0.5472.

Criticism of Cardano’s (ADA) price movement is also being heard on social media and this is not leaving the developers unmoved. Indeed, Charles Hoskinson personally responded to a complaining tweep.

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If you bought in Jan of 2021, then it would be worth $6750. What’s your point? Markets go up and down and I somehow have control of it? I don’t think you understand how crypto works and why it exists

– Charles Hoskinson (@IOHK_Charles) August 5, 2022

In addition to crypto currency prices, here’s something else to watch out for.

Two sophisticated cryptoscams are targeting your wallet

The stage of flashy scams where you think “how do they fall for it” is well past. Right now, there are two types of advanced cryptoscams going around.

The first scam targets Coinbase users. One pretends in a sophisticated way that urgent emails from Coinbase are arriving. The link in that email leads to a fake site. It becomes sophisticated the moment 2-factor authorization is requested. There, in fact, one links to the real Coinbase site. Next, a notification that suspicious activity is taking place comes up. One can then contact Coinbase’s ‘helpdesk’. Because of the earlier 2FA, one is careless and the hackers gain access to the wallet.

The second crypto scam works through dating apps. There, contact is first made for weeks or months and trust is built. If one gets to that point after months, the new date is seduced into an outside chance. The short route is then that the date disappears after months.

The long(er) route is to let the account grow and try to get the ‘date’ to pay as much as possible in the following months. The moment there is suspicion, the wallet is emptied. Here the refinement lies mainly in the trust that is built up.

So in more ways than one, it’s a weekend to watch out for. That’s precisely why tomorrow afternoon we will publish 5 tips to earn free crypto. Well easy for the weekend!

Want to stay up to date with the latest price developments?

You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”

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