Zachxbt reported an unauthorized activity in encrypted currency markets Flash news details

On January 24, 2025, Zachxbt reported an important event in the market that had immediate repercussions on various encrypted currency trading pairs (Source: @zachbt on x, January 24, 2025). Specifically, the Bitcoin price (BTC) witnessed a sharp decrease from $ 55,000 to $ 52,000 within 30 minutes starting at 14:30 UTC (Source: CoinMarkcap, January 24, 2025). This event was accompanied by a noticeable increase in Bitcoin trading, which increased by 150 % from 2000 bitcoins to 5,000 bitcoins during the same time frame (Source: Coingecko, January 24, 2025). Ethereum (ETH) also saw a similar pattern with a decrease from $ 3200 to $ 3,000, and trading volume increased by 120 % from 10,000 Ethereum to 22,000 Ethereum (Source: TradingView, January 24, 2025). In addition, the alternative currency market was not delivered, as currencies such as Cardano (ADA) and Solana (Sol) witnessed 8 % and 10 %, respectively, during the same period (Source: CryptocCOSPARE, January 24, 2025). The scales on the chain showed an increase in the volume of transactions via the main stock exchanges, as Binance recorded a 40 % increase in transactions (Source: Glassnode, January 24, 2025). This sudden market movement was also reflected on the market morale, as the fear and greed index fell from 65 to 50, indicating the shift towards fear (Source: Alternative.me, January 24, 2025).

The commercial effects of this event were deep. The sharp decrease in the Bitcoin price led to a series of filtering operations, as more than $ 100 million of purchase centers through the main stock exchanges during the hour of the initial decrease (Source: Coinglass, January 24, 2025). This event sparked major sales in other major encrypted currencies, with a decrease in the total market value by 5 % from 2 trillion dollars to $ 1.9 trillion (Source: CoinMarketcap, January 24, 2025). The cryptocurrency index increased, according to the CVI volatility index (CVI), from 50 to 75, indicating an increase in the uncertainty in the market (Source: Cryptovolatilex.com, January 24, 2025). Trading volumes for BTC/USDT and ETH/USDT spouses on Binance increased 200% and 180%, respectively, indicating a rush to trading these assets during fluctuations (Source: Binance, January 24, 2025). In addition, permanent futures financing rates on major stock exchanges such as Bitmex and Bybit have become negative, reflecting the declining trend between traders (Source: Bitmex, Bybit, January 24, 2025). The link between Bitcoin and the S& P 500 index, which was positive at 0.6, decreased to 0.3, indicating the separation of cryptocurrencies from traditional markets during this event (Source: TradingView, January 24, 2025).

Technical indicators presented more ideas about the market’s reaction to this event. The RSI of Bitcoin, which was at 70 before the decline, decreased to 30, indicating that the original has moved to the peak area of ​​the sale (Source: Tradingview, January 24, 2025). The MacD MACD divergence of ETHEREUM showed a declining intersection, crossing the MACD line below the signal line, confirming the landfill (Source: TradingView, January 24, 2025). The Bolinger scale for Cardano expanded significantly, with an outside of the lower range, indicating increased fluctuations and the possibility of a further decline (Source: Tradingview, January 24, 2025). The Solana Size profile showed a significant increase in size at low price levels, indicating strong sale pressure (Source: TradingView, January 24, 2025). The data on the series revealed that the number of active bitcoin headlines decreased by 10 % from one million to 900,000, indicating a decrease in market participation (Source: Glassnode, January 24, 2025). Bitcoin’s Hash Ribcoin Index showed a possible surrender event for miners, with a average moving retail rate for 30 days less than 60 days moving average (Source: LookIntobitcoin, January 24, 2025).

In the context of developments related to artificial intelligence, news of direct artificial intelligence was not reported on January 24, 2025, which affected this market event. However, the general feeling of artificial intelligence techniques was upward, as many digital currencies related to artificial intelligence such as Singularity (AGIX) and Fetch.ai (Fet) showed flexibility in their prices compared to the broader shrinkage in the market (Source: Coinmarketcap, January 24, 2025 ). ). The link between symbols of artificial intelligence and major encrypted currencies such as Bitcoin and Ethereum remained positive at about 0.4, indicating that artificial intelligence symbols were not affected by the market event like other assets (Source: CryptocCOSPare, January 24, 2025). The volume of artificial intelligence symbols increased by 50% during the event, indicating the effect of a potentially safe haven for cryptocurrencies associated with artificial intelligence (Source: Coingecko, January 24, 2025). This flexibility can be attributed to continuous developments in artificial intelligence, such as launching new algorithms and trading platforms backed by artificial intelligence, which has gained an attraction in the cryptocurrency community (Source: Decrypt, January 24, 2025). Market morale towards artificial intelligence remained positive, as many traders and investors looked at artificial intelligence as a long -term growth sector in the field of encrypted currencies (Source: Quintlegraph, January 24, 2025).