Bithumb has issued a security warning to its Korean users following a significant data leak at SK Telecom, South Korea&#8217;s largest mobile carrier. South Korea&#8217;s cryptocurrency exchange Bithumb has alerted its customers after a data breach at SK Telecom, the…

Crypto exchnage Bithumb alerts customers following data breach at Korea’s largest carrier

A fresh daily chart shared by market technician @cryptoWZRD_ suggests that XRP 
is just one technical trigger away from price discovery. The analyst’s 
chart—published early Thursday on TradingView—plots XRP/USDT on Binance and 
shows the token changing hands at $2.2107 after an indecisive daily close on 
Wednesday. XRP Targets $3.65 The most conspicuous feature is a descending 
trend-line (drawn in red) stretching from the 3 February swing high at roughly 
$3.40 down to the latest lower-high cluster. That line currently intersects 
price marginally above the market and has capped every relief rally since mid- 
January. According to WZRD, a daily candle that breaks through this “lower- 
high trend-line” would ignite “a very quick impulsive move” toward the next 
horizontal barrier at $2.80. Why $2.80 matters is spelled out in a bright 
yellow call-out on the chart: a close above that level would, in WZRD’s words, 
“make an all-time high” very likely. Above $2.80 the chart offers little 
historical structure until the $3.30 &#8211; the price which marked the weekly top 
in January. Related Reading: XRP Targets $33 To $50 By September 2027, 
Research Firm Says Next, the analyst targets the $3.65 zone, flagged as the 
“next major target” in purple. That band is the highest black horizontal 
plotted and represents the analyst’s first objective in price discovery 
territory. Support is clearly defined as well. The thick black horizontal at 
$2.00 is labeled the “main daily support target.” Beneath that, successive 
shelves are marked at $1.5160, $1.3000, $1.0700 and $0.9000, with an 
annotation at $1.30 warning that a break could materialise “IF ESCALATORY 
TARIFF KEEP COMING.” A secondary blue trend-line connects late-March and 
early-April lows, creating a short-term falling-wedge structure whose upside 
resolution has already begun to unwind some bearish momentum. WZRD’s 
accompanying commentary stresses the interplay between spot XRP and its 
performance against Bitcoin. He notes that XRP/BTC is coiling inside a 
symmetrical triangle that will “mature” on a move higher in Bitcoin dominance; 
positive action there would add tail-winds to the dollar pair. Related 
Reading: Analyst Says “The Clock Is Ticking” For XRP — Here’s Why “XRPBTC 
needs help from Bitcoin Dominance. Moving above from its current location will 
help the market to get the next impulsive move towards its upper lower high 
trendline, where it will mature the symmetrical triangle and push eventually 
higher. Positive price action from XRPBTC will help XRP become more bullish 
from its current location,” WZRD adds. Conversely, a “choppy” Bitcoin could 
keep XRP bottled up between $2.2050 and $2.00, a range that defined much of 
Tuesday’s intraday trade. ”The overall sentiment from Bitcoin will have an 
impact on XRP tomorrow as well, although I expect to see positive price action 
from XRPBTC. My focus will remain on the lower time frame chart development to 
get the next healthy trade setup,” the analyst writes. For now the focus, WZRD 
says, is on lower-time-frame development: any decisive daily settlement above 
the red trend-line would confirm trend reversal and set the stage for a sprint 
to $2.80—and, should that level fall, the analyst argues history will be in 
the making. At press time, XRP traded at $2.13. Featured image created with 
DALL.E, chart from TradingView.com

XRP Will Print A New All-Time High If This Happens: Analyst

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The cryptocurrency was trading sideways as of Thursday morning, while gold 
continues its ascent as murmurs of $4,000 per ounce begin to get louder. Store 
of Value Showdown: BTC Maintains $93K as Gold Rallies Bitcoin has remained 
flat over the past 24 hours, bobbing up and down just above $93K. Meanwhile, 
gold, which surged to […]

Bitcoin Steady at $93K As Battle With Gold Ensues

**Key takeaways:**
 * Bearish Bitcoin traders were caught off guard by BTC&#8217;s rally above $90,000.
 * Spot volumes are driving the Bitcoin price rally.
 * Derivatives positions with a bearish bias remain at risk of liquidation.
Bitcoin (BTC) held above the $93,000 mark on April 24, suggesting a potential 
conclusion to the 52-day bear market that bottomed at $74,400. Although 
Bitcoin is beginning to show signs of decoupling from the stock market, 
professional traders have not altered their strategies, as indicated by BTC 
futures and margin market data.
_BTC top traders&#8217; long-to-short ratio. Source: CoinGlass_
A higher long-to-short ratio reflects a preference for long (buy) positions, 
while a lower ratio indicates a tilt toward short (sell) contracts. Currently, 
the top traders&#8217; long-to-short ratio on Binance stands at 1.5x, a notable 
decrease from the 2x level observed ten days earlier. At OKX, the ratio peaked 
near 1.1x on April 17 but has since lost momentum and now sits at 0.9x.
## Bitcoin shines as dollar weakens and S&amp;P 500 targets are slashed
Bitcoin&#8217;s 10% rally between April 20 and April 24 coincided with a more 
conciliatory stance from US President Donald Trump regarding import tariffs 
and his criticism of Federal Reserve Chair Jerome Powell, who has faced 
scrutiny for maintaining high interest rates. On April 24, Trump stated he had 
&#8220;no intention&#8221; of firing Powell, marking a notable shift from his previous 
rhetoric.
Amid economic uncertainty, Deutsche Bank strategists have reduced their year- 
end S&amp;P 500 target by 12% to 6,150. Meanwhile, the US dollar has weakened 
against other major currencies, pushing the DXY index below 99 for the first 
time in three years. Despite a modest 6% gain over the past 30 days, Bitcoin&#8217;s 
performance has secured it a place among the world&#8217;s top eight tradable 
assets, with a market capitalization of $1.84 trillion.
The sharp move above $90,000 caught Bitcoin bears off guard, resulting in over 
$390 million in leveraged short (sell) futures liquidations between April 21 
and April 22. More significantly, aggregate open interest in BTC futures 
remains just 5% below its all-time high, indicating that bearish traders have 
not fully exited their positions.
_BTC futures liquidation heatmap, USD. Source: CoinGlass_
If Bitcoin&#8217;s price maintains its upward momentum and breaks above $95,000, an 
additional $700 million in short (sell) futures positions could be liquidated, 
according to CoinGlass data. This potential short squeeze may prove especially 
challenging for bears, given the robust inflows into spot Bitcoin exchange- 
traded funds (ETFs), which totaled over $2.2 billion between April 21 and 
April 23.
A newly announced joint venture involving SoftBank, Cantor Fitzgerald, and 
Tether aims to accumulate Bitcoin through convertible bonds and equity 
financing, which could further strengthen the bullish case. Named &#8220;Twenty One 
Capital,&#8221; the Bitcoin treasury company is led by Strike founder Jack Mallers 
and plans to launch with 42,000 BTC.
_**Related:**__**Sovereign wealth funds piling into BTC as retail exits &#8212; 
Coinbase exec**_
The muted response from top traders in BTC margin and futures markets suggests 
that the recent buying pressure has originated mainly from spot markets, which 
is generally considered a positive indicator for a sustainable bull run.
The longer Bitcoin consolidates above $90,000, the greater the pressure on 
bears to cover their shorts, as this level reinforces the narrative that 
Bitcoin is decoupling from the stock market. This could provide the confidence 
needed to challenge the $100,000 psychological threshold.
This article is for general information purposes and is not intended to be and 
should not be taken as legal or investment advice. The views, thoughts, and 
opinions expressed here are the author&#8217;s alone and do not necessarily reflect 
or represent the views and opinions of Cointelegraph.

Bitcoin rebounds as bulls eye $100K and bears scramble to cover short positions

Crypto exchange OKX has appointed Jonathan Brockmeier, a former compliance 
officer at fintech firm Thunes, as its new Chief Compliance Officer. OKX 
announced the leadership change on April 24, confirming that Brockmeier is 
officially stepping into the role. He replaces…