Meanwhile, the US financial markets have closed again. We look at the live Bitcoin price and the prices of the top 25 crypto. This is followed by an update on the Cardano (ADA) price, we see how Ripple (XRP)’s CTO lashes out at Elon Musk and we share a fraud alert.
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 flat
At the time of writing, the live Bitcoin price is EUR 38,374.37 ($41,489.98). This is 0.48% higher than when the markets closed last night and 1.37% higher than during our crypto update on Monday.
The rest of the top 25 crypto also seem to have calmed down after the price rise of the past few days. The biggest loss is currently -2.49% for Ripple (XRP). The biggest gain is with + 1.92% for newcomer Bonded Luna ((BLUNA). On the site of Tradeincrypto.com you can analyze all live crypto prices.
Are we seeing a crypto bull outbreak for Cardano (ADA)
We saw this afternoon that a bull outbreak for Bitcoin (BTC) is not yet a done deal. For Cardano (ADA), according to crypto analysts, the situation may be different.
They see how the coin is forming a so-called cup-and-handle pattern. The Relative Strength Index (RSI) is also rising rapidly. You can watch the entire analysis in the video analysis below.
If the market behaves as one anticipates based on this analysis, a 40% price increase is in sight. As always, there is a but…
If the Cardano (ADA) price drops below $0.74 the pattern outlined above is broken and strong bearish sentiment is expected. The downside at 30% is almost as big as the expected upside. This breaking point is therefore definitely a price to follow even though the live Cardano (ADA) price at $0.941 is still quite a distance away from it.
Ripple (XRP) CTO lashes out at Elon Musk
As we reported earlier, it remains to be seen whether Elon Musk’s bid for the shares will make him the owner of Twitter, but he is not shy about sharing his views, via his beloved medium of course.
One of the well-known names in crypto, David Schwartz (CTO at Ripple), apparently dislikes this. He responded to several posts by Elon Musk. For example, Schwartz accused the tech giant of saying that the acquisition of Twitter is not about freedom of speech, as Musk claims, but about political gain.
Twitter won’t load because you didn’t give permission.
He’s not trying to make Twitter a better place for freedom of speech though. He’s trying to push Twitter’s moderation policy to give better treatment to political speech he favors and to give worse treatment to political speech he disfavors. 1/2
– 𝙳𝚊𝚟𝚒𝚍 𝚂𝚌𝚑𝚠𝚊𝚛𝚝𝚣 (@JoelKatz) April 19, 2022
He also doesn’t like the measures proposed by Elon Musk to create more freedom.
Twitter won’t load because you didn’t give permission.
This is an incredibly bad policy that works absurdly poorly. It rewards unreasonable people and punishes reasonable people. And if there’s one lesson to learn from economics, it’s that people respond to incentives. 1/6 https://t.co/xF9zBCIoE2
– 𝙳𝚊𝚟𝚒𝚍 𝚂𝚌𝚑𝚠𝚊𝚛𝚝𝚣 (@JoelKatz) April 19, 2022
Meanwhile, on Twitter, a considerable debate is developing between crypto communities supporting either Schwartz or Musk. Where Musk does not react, Schwarz regularly lets slip comments. He does not shy away from coarse language as we can see in this reaction from Schwarz.
Twitter won’t load because you didn’t give permission.
Tell that to Elon Musk who has advocated restrictions on speech using bots and prohibiting extreme political positions, both of which are fully protected by freedom of speech. Elon Musk is not defending freedom of speech but a fascist parody of it.
– 𝙳𝚊𝚟𝚒𝚍 𝚂𝚌𝚑𝚠𝚊𝚛𝚝𝚣 (@JoelKatz) April 20, 2022
Obviously, we’re not going to get into the discussion, but we do see that it’s not doing the live Ripple (XRP) price, which now stands at $0.757, any good as it is currently losing the most of the top 25 crypto.
Warning of known crypto fraud in new form, MetaMask under fire
By now, the phone calls from the “technical service” of companies like Apple and Google are well known to many people as a cunning trick of scammers. Of course, scammers are also getting smarter, so they combine this phishing with spoofing.
This means that they manipulate the connection so that the caller ID on your screen shows that you are dealing with the bona fide company, while you are still in contact with scammers. This happened to Dominic Iacovone, an investor in crypto and NFTs. He ignored the scam calls, but picked up when “Apple Inc.” appeared in his caller ID. Then they used the old trick. The scammers told him there was a problem with his account and that he needed to confirm his identity via a code.
Because of the notification in the caller ID, he was not suspicious and he did what was asked. This allowed the scammers to access his iCloud and his MetaMask wallet. Damage? About GBP 499,000.00 in crypto and NFTs.
That the scammers gained access to his MetaMask wallet was remarkable, as they needed his “seed phrase” to do so. As owners of online wallets know, you need to keep these as secret as possible and certainly not store them in a cloud.
However, research learned that MetaMask itself automatically places a backup including seed phrase on iCloud when you create a wallet with them. Without commenting on Iacovone’s case, MetaMask has since shared a security update with instructions via Twitter. So it is important to study these instructions carefully.
Twitter is not loading because you have not given permission.
If you have enabled iCloud backup for app data, this will include your password-encrypted MetaMask vault. If your password isn’t strong enough, and someone phishes your iCloud credentials, this can mean stolen funds. (Read on 
) 1/3
– MetaMask 
(@MetaMask) April 17, 2022
The striking thing is that MetaMask has turned off the ability to comment. This is not unimaginable since they are now receiving a lot of criticism, especially since Iacovone is seeking the media with the story. We will certainly continue to follow the developments.
Want to stay up to date on the latest stock 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.”
