XRP avoids potential sell-off after thwarted hack attempt By Investing.com
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CRYPTOCURRENCY MARKETS – An attempted hack that targeted a massive transfer of 25 billion to the cryptocurrency exchange Bitfinex was successfully intercepted, preventing a potentially destabilizing large-scale sell-off. The incident, which has been circulating in the news yesterday, has triggered a wave of negative sentiment toward XRP. Data from Santiment, a behavior analytics platform, has detected a significant uptick in bearish discussions across social media platforms, contributing to the pessimistic outlook among investors and traders.
Despite the initial alarm, the market’s reaction seems to be mixed. Historical trends indicate that a negative public opinion is not always a reliable indicator of future price movements. In fact, there have been instances where such sentiment has preceded a rally in XRP’s price.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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CRYPTOCURRENCY MARKETS – An attempted hack that targeted a massive transfer of 25 billion to the cryptocurrency exchange Bitfinex was successfully intercepted, preventing a potentially destabilizing large-scale sell-off. The incident, which has been circulating in the news yesterday, has triggered a wave of negative sentiment toward XRP. Data from Santiment, a behavior analytics platform, has detected a significant uptick in bearish discussions across social media platforms, contributing to the pessimistic outlook among investors and traders.
Despite the initial alarm, the market’s reaction seems to be mixed. Historical trends indicate that a negative public opinion is not always a reliable indicator of future price movements. In fact, there have been instances where such sentiment has preceded a rally in XRP’s price.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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