Bitcoin consolidates near $82.5K as crypto weathers Ledger theft reports
CointelegraphCointelegraph by William Suberg
Bitcoin and crypto markets eyed a recovery from Thursday’s drop despite concerns of another hardware wallet exploit. Bitcoin (BTC) sought to avoid fresh losses on Friday as crypto markets digested reports of an exploit affecting Ledger hardware wallets. Data from TradingView showed BTC/USD hovering around the key $82,500 support level on Friday. After dropping to $80,350 on Thursday, BTC/USD saw fresh buyer interest as rolling 24-hour crypto liquidations passed $1 billion. The latest data from CoinGlass showed spot price cutting through ask-side liquidity on exchange order books, with that liquidity thickening around $84,000. US stocks opened higher Friday as technology shares rebounded from selling earlier in the week. The recovery included the tech-heavy Nasdaq Composite Index, which CNBC reported had come under pressure following weaker-than-expected earnings projections from OpenAI.
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