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Ali Martinez Names Support Near $73,000 Bitcoin, $2,000 Ether and $1 XRP

Martinez cautioned that the levels were not guaranteed market bottoms. Bitcoin, Ether and XRP fell after Binance’s Oct. 29 security incident.

By Enna Lee
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Three unmarked metal discs rest on descending stone ledges / TokenPost.ai
Three unmarked metal discs rest on descending stone ledges / TokenPost.ai

Crypto analyst Ali Martinez identified $73,000 for Bitcoin (BTC), $2,000 for Ether (ETH) and $1 for XRP as support levels he would watch after Binance’s Oct. 29 security incident.

“Those are levels where I’ll look for support; not guaranteed bottoms,” Martinez said in an Oct. 29 post. Bitcoin, Ether and XRP fell after the incident.

Binance valued the incident’s overall effect at about $6.3 billion and said roughly $3 billion had been frozen on-chain.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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