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Crypto

Bitcoin Holds Steady Above $77,000 as Hackers Return Stolen Funds

Guavy AI Editorial Team
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BTC
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Bitcoin traded sideways ahead of the weekend, but remained above $77,000 despite dipping as low as $76,000 earlier in the week.

The price of bitcoin fell below $80,000 on September 11 after U.S. inflation data was released, but quickly recovered and made a short-lived attempt to retest the $80,000 mark.

According to Glassnode and CryptoQuant, major resistance above the current price is preventing sustained gains in the market.

In related news, hackers returned approximately 3,400 out of 4,000 BTC stolen from Liquid Network on September 8. The remaining 598 BTC, worth around $47 million, were retained by the hackers.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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