Bitcoin price is currently at $62,000 just days before the halving, following the opening of US markets. We have been discussing the reasons behind the market fluctuations from all angles. What has happened in the last 24 hours? Why does Markus say we sold everything?
Latest Developments in Cryptocurrencies
Markus Thielen, founder of 10x Research, expects a major collapse in risk markets. Trust Wallet has warned investors about a critical security vulnerability. Additionally, the Central Bank of Fiji has issued a new announcement targeting cryptocurrencies.
Buying Cryptocurrencies
Markus Thielen is a well-known name among cryptocurrency investors and has taken a step with a 50% chance of being wrong. He believes that a major downturn in stock and cryptocurrency markets is about to begin.
“We sold everything last night. The primary trigger is unexpected and persistent inflation. With the bond market foreseeing fewer than three interest rate cuts and 10-year Treasury Yields exceeding 4.50%, we may have reached a critical turning point for risk assets.”
iPhone Users at Risk
Hours ago, we shared a last-minute development that iPhone users could be easily hacked via iMessage. Especially if you hold mobile banking, crypto wallets, or private keys on your phone, you should disable this feature until a security patch is released.
The vulnerability is high-level, making it unlikely to become common knowledge. However, it’s still wise to be cautious. Trust Wallet CEO Eowyn Chen shared a screenshot from an onion (Deepweb) claiming someone sold the iMessage vulnerability for $2 million. The Security Chief at Pudgy Penguin stated;
“You don’t have proof of an iOS vulnerability, you have a screenshot of a man claiming there’s a vulnerability. There’s a big difference.”
Experts at Kaspersky have confirmed that a similar vulnerability was exploited by attackers in the past. The last security patch was released on March 26.
Fiji Excludes Crypto
The Reserve Bank of Fiji (RBF), the central bank of the Pacific Island nation, has issued a warning about the risks of cryptocurrencies and investments made outside the country. Accordingly, citizens who send money to and trade on foreign exchanges could face criminal investigations.
