4 hours ago
Internet Computer Protocol (ICP) is trading astatine $4.8373, down 5.18% successful the past 24 hours, portion the broader crypto marketplace arsenic gauged by the CoinDesk 20 Index dropped lone fractional arsenic much.
ICP faced renewed selling unit arsenic geopolitical risks and cybersecurity threats rattled integer plus markets. The diminution comes amid troubling findings from cybersecurity steadfast Koi Security, which uncovered a web of malicious browser extensions targeting cryptocurrency users.
The study identified much than 40 fake Firefox add-ons designed to mimic fashionable wallets similar MetaMask and Coinbase. These extensions, immoderate of which stay unrecorded successful browser stores, are believed to person stolen delicate credentials from unsuspecting users since astatine slightest April 2025.
Technical metadata and connection artifacts successful the onslaught infrastructure constituent to Russian-speaking actors, according to Koi. These findings added a caller furniture of interest for crypto investors already navigating macroeconomic uncertainty and fragmented planetary regulation.
ICP’s terms absorption was swift, with the token falling done cardinal enactment astatine $5.00, according to CoinDesk Research's method investigation model. The bearish determination was amplified by accrued trading volumes during cardinal selloffs astatine 12:00 and 20:00 UTC connected July 3. The coin’s vulnerability to broader hazard sentiment was connected afloat display, arsenic the cyber menace communicative intersected with elevated volatility to propulsion prices sharply lower.
The fake wallet onslaught — by exploiting the aforesaid spot furniture users beryllium connected to store integer assets — has heightened consciousness astir information risks successful decentralized ecosystems. For projects similar Internet Computer, which beforehand on-chain infrastructure and self-custody, the reputational hazard from these types of exploits tin measurement heavy connected capitalist sentiment adjacent erstwhile not straight tied to the protocol itself.
Technical Analysis Highlights
All times cited are UTC.
- ICP-USD declined 4.3% to $4.8373 betwixt July 3 07:00 and July 4 06:00.
- Price enactment formed a descending channel, with absorption adjacent $5.13 and a decisive breakdown beneath $5.00.
- Sharp selloffs occurred astatine 12:00 and 20:00 connected July 3, accompanied by above-average volume.
- The token’s wide scope was $0.26 (5.1%), underscoring heightened volatility.
- A 1.17% driblet occurred betwixt 05:52 and 06:51 connected July 4, with the terms dipping beneath $4.90.
- Temporary enactment emerged astatine $4.88 astir 06:30, followed by a mild betterment stalling astatine $4.89.
- Volume exceeded 94,000 units during the 06:27–06:30 window, apt driven by organization activity.
- Final minutes showed consolidation, with debased volatility suggesting imaginable range-bound enactment ahead.
Disclaimer: Parts of this nonfiction were generated with the assistance from AI tools and reviewed by our editorial squad to guarantee accuracy and adherence to our standards. For much information, see CoinDesk's afloat AI Policy.
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