RUQAYYABIBI

Today in crypto, analysts are following the $85,000 weekly close for a sign of more Bitcoin upside. Meanwhile, Ledger’s Ian Rogers says the battle between crypto security advancements and hackers will never end, while Pakistan’s Crypto Council proposes mining BTC with excess, runoff energy.

Bitcoin needs weekly close above $85k to avoid correction to $76k: analysts

Bitcoin analysts are eying the weekly close to gauge Bitcoin’s price trajectory for next week, as traditional and crypto markets are lacking direction amid a mix of global trade war fears paired with easing inflation concerns.

Bitcoin's
BTCUSD
price may see more downside next week unless it manages to close the week above the $85,000 psychological mark, according to Ryan Lee, chief analyst at Bitget Research.

“Bitcoin’s relief rally after the FOMC meeting and lower CPI readings has analysts eyeing a weekly close above $85,000, as critical for resuming upside momentum,” Lee told Cointelegraph, adding:

“A close above this level could prevent a drop to $76,000 and signal strength, while $87,000 would provide even clearer bullish confirmation. Macro factors like steady rates and cooling inflation support risk assets, but the Sunday close will be decisive.”
Bitcoin’s price has been lacking momentum, rising only 0.9% over the past week, Cointelegraph Markets Pro data shows. A disappointing weekly close risks a revisit to the previous week’s price low of $76,600.

Crypto security will always be a game of ‘cat and mouse’ — Wallet exec

Cryptocurrency wallet providers are getting more sophisticated, but so are bad actors — which means the battle between security and threats is at a deadlock, says a hardware wallet firm executive.

“It will always be a cat and mouse game,” Ledger chief experience officer Ian Rogers told Cointelegraph when describing the constant race between crypto wallet firms adding new security features and hackers finding more advanced ways to access victims’ wallets.

Rogers said, unfortunately, the most straightforward scams work best because scammers rely on people making simple mistakes.

“People give their 24-word phrases to people every day, so as long as that happens, then they are going to go for the low-cost tax,” he said, adding:

“Anyone who asks for your 24 words is a criminal.”
Rogers highlighted a common crypto scam where victims get tricked by replies under “any post on Twitter about crypto,” with messages like “DM me, and I’ll help you.”

“You know that scammers are always asking you for your 24 words,” Rogers said.

Newly commissioned Pakistan Crypto Council proposes mining Bitcoin with excess energy

The newly commissioned Crypto Council of Pakistan proposed mining Bitcoin with runoff energy at the group's inaugural meeting on March 21 amid other policy proposals to establish a clear framework for digital assets in the country.

According to The Nation, the Bank of Pakistan's governor, the chairman of Pakistan's Securities and Exchange Commission (SECP), the federal information technology secretary, and lawmakers were present at the meeting.
"Pakistan is done sitting on the sidelines! We want Pakistan as the leader in blockchain-powered finance. Pakistan is a low-cost high-growth market with 60% of the population under 30. We have a web3 native workforce ready to build."
This initiative represents a massive departure from the government of Pakistan's previous stance on cryptocurrencies, which sought bans on digital assets and crypto trading activities in the country.