Bitcoin market braces for explosive volatility, hardware wallets are the new mood rings

Rise’n’Crypto

As Bitcoin battles with the $65,000 resistance, held back in part by a slump in the stock market, analysts are making both bullish and bearish observations from the data. On the one hand, retail investors are nowhere to be seen but may be necessary for a “true” bull market. On the other hand, volatility has dipped to historic lows, which could indicate that extreme volatility is in the past. If I had a third hand, I’d say: What if those two observations are related? Elsewhere, we have more information on the devastating WazirX exchange hack and some theories on who might be behind it. Then, to cap the week off, we discuss whether a wearable cold wallet is a good idea or not — what do you think?
Further reading:

• Stock market slump trickles into today’s Bitcoin and altcoin correction
• Bitcoin ‘real bull run’ out of reach as retail demand metric hits 3-year low
• Bitcoin “crazy tight” Bollinger Bands point to $190K BTC price target
• Onchain analysts tie $235M Indian exchange exploit to North Korean hackers
• WazirX hacker funnels $149M of SHIB, MATIC, other altcoins into ETH
• Bitcoin self-custody comes to the masses with new ‘crypto ring’

So, grab yourself a coffee, and let’s get into it!

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