Bitcoin consolidates near $82.5K as crypto weathers Ledger theft reports

What happened

Bitcoin consolidates near $82.5K as crypto weathers Ledger theft reports, according to Cointelegraph. 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.

Key points: Bitcoin rebounded from local lows of $80,350 to reclaim $83,000 at the Wall Street open. Crypto markets avoided significant selling pressure following reports of funds being stolen from Ledger hardware wallet users.

BTC/USD continued to trade around $82,500 as traders looked ahead to the weekly close. BTC price rebounds to $83,000 despite Ledger theft reports Data from TradingView showed BTC/USD hovering around the key $82,500 support level on Friday.

Source: Cointelegraph/TradingView 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. Crypto markets appeared to brush off reports of funds being stolen from Ledger hardware wallet users.

Key facts

• Bitcoin (BTC) sought to avoid fresh losses on Friday as crypto markets digested — reports: of an exploit affecting Ledger hardware wallets
• Crypto markets avoided significant selling pressure following — reports: of funds being stolen from Ledger hardware wallet users
• BTC price rebounds to $83,000 despite Ledger theft — reports: Data from TradingView showed BTC/USD hovering around the key $82,500 support level on Friday
• Crypto markets appeared to brush off — reports: of funds being stolen from Ledger hardware wallet users