Circle and Tether step in to freeze the hackers’ wallets after the huge Bitget crypto theft—how will $ETH react?
According to CoinDesk, the market is abuzz after information that Circle and Tether have moved to freeze the wallets of hackers following a massive Bitget cryptocurrency theft. This is considered an important move that could directly affect the psychology of holders of $ETH in the short term.
$ETH reaction
Short-term uncertain sentiment: The new information makes investors more cautious. Speculative inflows into $ETH may stall over the next 24 hours, leading to sideways movement or slight corrections due to profit-taking pressure.
Not causing major panic: This is not an unexpected negative piece of news that shocks the entire market. For those closely following the ETH ecosystem, this step is part of the development roadmap, so it does not create a strong wave of mass selling.
Long-term trend depends on macro factors: In the long run, the price of $ETH will still depend on core factors such as on-chain activity, ETF fund flows, TVL, and the broader sentiment of the crypto market. If the ecosystem continues to expand, prospects remain positive.
Do you think $ETH will soar strongly after this news? 👇
#Binancenews #xuhuong #CryptoNews
According to CoinDesk, the market is abuzz after information that Circle and Tether have moved to freeze the wallets of hackers following a massive Bitget cryptocurrency theft. This is considered an important move that could directly affect the psychology of holders of $ETH in the short term.
$ETH reaction
Short-term uncertain sentiment: The new information makes investors more cautious. Speculative inflows into $ETH may stall over the next 24 hours, leading to sideways movement or slight corrections due to profit-taking pressure.
Not causing major panic: This is not an unexpected negative piece of news that shocks the entire market. For those closely following the ETH ecosystem, this step is part of the development roadmap, so it does not create a strong wave of mass selling.
Long-term trend depends on macro factors: In the long run, the price of $ETH will still depend on core factors such as on-chain activity, ETF fund flows, TVL, and the broader sentiment of the crypto market. If the ecosystem continues to expand, prospects remain positive.
Do you think $ETH will soar strongly after this news? 👇
#Binancenews #xuhuong #CryptoNews