Seeking Alpha
2020-07-16 16:50:41

Bitcoin snoozes through Twitter hack

Since recovering from March's panicky plunge, Bitcoin (BTC-USD) for the last 2.5 months has mostly been confined to a trading range in the mid-$9K area. That's continuing today, with the popular crypto down 0.75% to $9,128.Making some news on the technical front, the GTI Vera Convergence Divergence Indicator has triggered its first sell signal since early June, when Bitcoin tried, but failed to put in a move above $10K.Last night's Twitter hack involved Bitcoin, with those blue checkmarks hacked promising to pay back double what anybody sent them in Bitcoin."Yesterday’s Twitter hack was a great reminder of how vulnerable cryptocurrency traders are to hacking incidents," says Oanda's Edward Moya. Maybe. But a Venn diagram of those who own Bitcoin, and those who send it to Bill Gates when his Twitter account promises to send back twice that amount would seemingly yield a microscopic overlap. "A fool and his money are soon parted,"

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