Meanwhile, the US markets have closed again. We look at the live Bitcoin price and the prices of the top 25 crypto. Then we look at why crypto loving users should be careful on Instagram. We also share the status of the Ethereum (ETH) merge rollout and the Avalanche (AVAX) price forecast.
We begin, of course, with the live Bitcoin price and the prices of the top 25 crypto.
Live Bitcoin price and prices top 25 crypto rise
At the time of writing, the live Bitcoin price is quoting EUR 20,2214.01 ($20,516.92). This is 1.07%% higher than during our crypto update yesterday.
The prices of most crypto from the top 25 are also rising. Besides the stable coins, we see some red numbers. However, the impact does not seem to be too bad as Tron (TRX) has the biggest loss with -1,06%. The biggest gain is currently with + 5.40% for Avalanche (AVAX). On the Tradeincrypto.com site you can view all live crypto prices 24 hours a day.
Is Meta (owner of Instagram, Facebook and WhatsApp) resistant to crypto fraud?
Recent research shows that crypto fraud is the most popular form of fraud on social media. In the past year alone, victims lost $575 million to this.
Another striking finding is that the most susceptible platforms are all 3 of Meta. WhatsApp accounts for 9%, Facebook is a close second with 26% and the front runner is Instagram with 32% of all fraud cases.
When we look at the types of fraud we see some familiar tricks popping up. For example, it is still popular among crypto criminals to impersonate BN-ers, also the ‘get rich quick’ schemes where the seller only thinks about his own wallet remains commonly seen. A newer variant is for cybercriminals to imitate the identities of strangers and thus approach their victim’s friends and family with a “godsend. In doing so, they are gambling that the stolen identity is so reliable that friends and family do get in. So be careful.
This is how far along the Ethereum (ETH) Merge update is.
In the transition to Ethereum 2.0 and Proof of Stake as a validation method, the Merge update is crucial. It was rolled out since July 8 on the first test network, Ropsten. Today there was good news, as the first rollout was successful. This cleared the way for the PoS consensus to be rolled out today at block number 1,450,409 to the second test network, Sepolia.
If this goes well, the rollout to the last testnet, Goerli, will follow in about a month. If that procedure also goes successfully and no problems emerge from the tests, Merge can be rolled out across the mainnet, with the transition scheduled to be completed by the end of this year. For the tech enthusiasts, Vitalik Buterin livestreamed his call with the core developers. You can watch it here (starting at 2.10 min).
Investors respond enthusiastically. The live Ethereum (ETH) price is currently trading at $1,184.22. This is 3.67% higher than yesterday.
Yet this was not enough for today’s highest rise. Crypto investors in Avalanche (AVAX) were still just a bit more enthusiastic. We wonder if this will continue.
Crypto investors bullish. Here’s the Avalanche (AVAX) price forecast
Currently, the live Avalanche (AVAX) price is $19.13. This is 5.40% higher than yesterday. If we trace the causes we see that this trend has been driven mainly by technical indicators. We see that both market capitalization and trading volume are rising strongly. The question, of course, is whether this will continue.
We see that the RSI indicator and MACD indicator are bullish. Moreover, the currency passed resistance at $18.84 at the end of the US market. Thus, there is room for a bullish breakout.
The next important resistance is now the price of $20. If the currency manages to break through this psychologically important barrier, there is room for further growth as the Bollinger bands widen.
A bearish scenario is that the currency falls back below the resistance of $18.84. In that case we see support levels at $16.73 and $15.00. It is therefore important that the Avalanche (AVAX) price remains above $ 18.84. The entire analysis with charts can be viewed here.
Want to stay informed about 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.”