NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Reaches Forecasted All-Time High: Prophecy Predicts Bear Market Low In 364 Days
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Reaches Forecasted All-Time High: Prophecy Predicts Bear Market Low In 364 Days

EOS Slide 4.7 Percent, Prices Reacting to BitHumb Heist?

Dalmas Ngetich
Dalmas Ngetich
1 year ago
2 mins read
technical analysis EOS

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

  • EOS down 4.7 prices in last day but bullish
  • Three million EOS are missing from BitHumb’s hot wallets.

$12.5 million worth of BitHumb’s EOS are missing, but other exchanges are taking assisting in recovery. In response, EOS prices are down 4.7 percent in the last day in an adjustment of Mar 28-29 overvaluation.

EOS Price Analysis

Fundamentals

For the second time, BitHumb, the South Korean exchange, which claims to be ISMS certified and applying multi-signature withdrawal scheme is once again a victim of hacking, less than a year after the exchange losing $14 million.

Although it says 3 million EOS worth around $12.5 million at current exchange rates and $6.5 million worth of XRP—20 Million XRP– of their stash are missing, users should breathe a sigh of relief because “member’s asset is under the protection of cold wallet.”

In an explainer, the exchange said they “detected abnormal withdrawal of the company’s cryptocurrency through BitHumb’s abnormal trading monitoring system.” Unfortunately, internal investigations reveal that the “spill” was an “accident involving insiders” which had a cascading effect, inconveniencing customers since the exchange was forced to “delay the cryptocurrency deposit and withdrawal service.” They have since extended their investigation and are collaborating with KISA, Cyber Police Agency, and security companies.

Stolen fund flow analysis :

Majority of the Bithumb stolen EOS are sent to @Exmo_Com @HuobiGlobal @kucoincom @coinswitch @ChangeNOW_io @hitbtc Changley, and a little bit to @binance @hitbtc and BW pic.twitter.com/shT1Ei4uRC

— Dovey "Rug the fiat" Wan (hiring) (@DoveyWan) March 30, 2019

So far, fund flow indicates that stolen coins are moving through different exchanges including Huobi, Changelly, and ChangeNOW amongst others. But Changelly is assisting BitHumb publishing a statement that it froze 243,000 XRP ($76,000) and 114,000 EOS ($479,000).

Candlestick Arrangement

EOS

Despite this stain, EOS prices are trending higher, up 13.7 percent in the last week but sliding by 4.7 percent in the previous day. All the same, EOS is trading within a bullish breakout pattern against the USD. At this pace, we expect prices to edge higher and even expand towards $7.

However, before that prints out, it is likely that there will be a correction of Mar 28—29 overvaluations and as prices dip mirroring today’s losses. While temporary, risk-off traders should take the opportunity to load up on dips with first targets at $7 as bulls confirm gains of Mar 5 further drifting away from Feb 24 highs as buyers flow back.

Nullifying this up-trend are strong prices reversing Mar 27 upswings and even dropping below the middle BB and $3.5. Such a move will trigger liquidation as sellers of Feb 24 flow back with targets at $3 and $2.2.

Technical Indicators

Our anchor bar is wide-ranging Feb 24 bull bar with conspicuous transaction volumes—17 million. Since bulls are yet to reverse Feb 24 losses satisfactorily, any break above Mar 27 must be with high volumes above 17 million validating the double bar bull reversal pattern of Mar 4-5.

Chart courtesy of Trading View

Tweet123Share216ShareSend
Dalmas Ngetich
Dalmas Ngetich

Dalmas Ngetich

Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape.

Read more

His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto.
The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance.

His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry.

Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion.

Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers.

DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations.
Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language.

Dalmas is here to help make the tech easy to understand and digestible, even for beginners.
The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential.
This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting.

Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature.

When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills.
You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.

Close

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Prévision de Charles Hoskinson : ADA 3 $ et BTC 250 K $ en 2026, jalons à surveiller

Charles Hoskinson fait une prévision de prix Cardano à 3 $, et Bitcoin à 250 000 $ en 2026

En octobre 2025, Charles Hoskinson a de nouveau créé la surprise. Le fondateur de Cardano, connu pour sa vision long-termiste...

guillaumev 4 hours ago
Bitcoin

Why The Bitcoin Price Might Never Drop Below $100,000 Again

Crypto analyst PlanB has explained why the Bitcoin price may never drop below $100,000 again. This comes as market participants...

Scott Matherson 5 hours ago
XRP 청산 공포 속 ‘대안 알트’ 어디로? 지금 눈여겨볼 코인 5선

XRP 청산 공포 속 대안 알트? 지금 눈여겨볼 코인 5선

$XRP의 시간당 청산 불균형이 갑자기 4,455% 치솟으며, 814만 달러 규모의 매수 포지션이 순식간에 증발했다. 시장 역시 그 충격을 고스란히 체감하고 있다. 이번 급격한 반...

Soyeon Lee 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Dogecoin

Rounded Bottom Formation Shows When Dogecoin Price Will Begin ‘Flying’

Scott Matherson 53 minutes ago
Bitcoin Price Breaks Down

Market Expert Reveals Why The Bitcoin Price Will Never Stop Going Up

Sandra White 2 hours ago

Bitcoin peste 126.000$: pre-vânzările atrag tot mai multe investiții

antonio 3 hours ago

Premium Sponsors

Press Releases

  • Трейдър на Shiba Inu откри най-бичията криптовалута след SHIB от 2021 г., прогнозирана да донесе 24080% възвръщаемост през 2025 г.

    Трейдър на Shiba Inu откри...

    2 hours ago
  • Прогноза за цената на Pepe: Анализатор предвижда 13-кратен ръст до 2026 г., а един токен позволява неговото копаене

    Прогноза за цената на Pepe...

    2 hours ago
  • Traderul Shiba Inu descoperă cea mai optimistă monedă de la SHIB din 2021, prezisă să atingă un ROI de 24.080% în 2025

    Traderul Shiba Inu descoperă cea mai optimistă monedă de...

    2 hours ago
  • Pepe árjóslat: Az elemző 13-szoros növekedést jósol 2026-ra, és egy token lehetővé teszi a bányászatát

    Pepe árjóslat: Az elemző 13-szoros növekedést jósol...

    3 hours ago
  • Egy Shiba Inu kereskedő felfedezte a legbullisabb coint a 2021-es SHIB óta, amelyről azt jósolják, hogy 2025-re 24 080%-os hozamot (ROI) érhet el

    Egy Shiba Inu kereskedő felfedezte a legbullisabb coint a...

    4 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.