Arkham ($ARKM) Crypto Forecast: Down 5.1% Today

What is Arkham?

Asset ARKM is a cryptocurrency token known for its innovative blockchain technology and strong community support. The overall cryptocurrency market has been volatile recently, with regulatory concerns and security issues impacting investor sentiment.

Why is Arkham going down?

ARKM crypto is down 5.1% on Oct 31, 2024 1:40

• ARKM experienced a bearish movement likely due to the news of a hacker looting $20 million from a US government-affiliated wallet, creating uncertainty and fear in the market.
• The quick return of the vast majority of the stolen funds may have mitigated some of the initial panic, but the breach still raised concerns about the security of cryptocurrency assets.
• Investors may be selling off ARKM in response to the breach, as security vulnerabilities can lead to a loss of trust in the token and the broader cryptocurrency market.
• The incident highlights the ongoing challenges of cybersecurity in the crypto space and the importance of robust security measures to protect digital assets.

ARKM Price Chart

ARKM Technical Analysis

ARKM News

Hacker Who Looted $20,000,000 From a US Government Address Returns the Vast Majority of Stolen Funds: Arkham

Hacker Who Looted $20,000,000 From a US Government Address Returns the Vast Majority of Stolen Funds: Arkham

https://dailyhodl.com/2024/10/26/hacker-who-looted-20000000-from-a-us-government-address-returns-the-vast-majority-of-stolen-funds-arkham/

US Government’s $20M Crypto Breach: How Most Was Returned Within 24 Hours

US Government’s $20M Crypto Breach: How Most Was Returned Within 24 Hours

https://news.bitcoin.com/us-governments-20m-crypto-breach-how-most-was-returned-within-24-hours/

Hacker Plunders $20,000,000 Worth of Crypto From Wallet Affiliated With the US Government: Arkham

Hacker Plunders $20,000,000 Worth of Crypto From Wallet Affiliated With the US Government: Arkham

https://dailyhodl.com/2024/10/25/hacker-plunders-20000000-worth-of-crypto-from-wallet-affiliated-with-the-us-government-arkham/

Did Hackers Compromise US Government Crypto? $20M in Suspicious Activity

Did Hackers Compromise US Government Crypto? $20M in Suspicious Activity

https://news.bitcoin.com/did-hackers-compromise-us-government-crypto-20m-in-suspicious-activity/

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Arkham Price History

16.09.2024 - ARKM Crypto was up 6.8%

• ARKM surged significantly today, likely in response to Arkham Intelligence's announcement of its upcoming crypto derivatives exchange.
• The news of this venture, along with the anticipation of increased trading volume and liquidity in ARKM, likely attracted investors and drove up the token's price.
• The project received a further boost in positive sentiment with reports of Sam Altman's support for Arkham Intelligence, enhancing credibility and excitement.
• With ARKM nearing the $2.8 resistance level, investors are hopeful about the token's potential to reach $4, signaling a bullish short-term outlook.

11.09.2024 - ARKM Crypto was up 16.3%

• ARKM saw a significant bullish movement of 16% following reports of Arkham Intelligence planning to launch a derivatives exchange next month.
• The anticipation of a new derivatives exchange by a Sam Altman-backed crypto firm has sparked investor interest and confidence in ARKM, driving its price higher.
• The news of Arkham Intelligence potentially challenging Binance's dominance in the derivatives market could have further fueled the positive sentiment surrounding ARKM.
• The postponement of Mt. Gox's repayment deadline to 2025 likely alleviated concerns of potential Bitcoin sell pressure, contributing to the overall positive market sentiment that ARKM benefited from today.

11.09.2024 - ARKM Crypto was up 18.8%

• ARKM's price surged by 16% following news of Arkham Intelligence planning to launch a derivatives exchange, indicating positive sentiment and excitement among investors.
• The announcement of the new derivatives exchange has likely sparked optimism in the market, attracting more traders to ARKM and driving up its price.
• This development raises questions about the potential impact on major players like Binance, hinting at a possible shift in market dynamics and competition within the cryptocurrency exchange sector.
• The postponement of Mt. Gox's repayment deadline to 2025 may have also alleviated concerns of sell pressure on Bitcoin, contributing to a more positive overall market sentiment and further supporting ARKM's bullish movement.

12.09.2024 - ARKM Crypto was up 16.0%

• ARKM experienced a strong bullish movement today, with a 16% increase in its token value.
• The surge in ARKM's price can be attributed to the upcoming launch of Arkham Intelligence's own derivatives exchange, generating excitement and optimism among investors.
• This announcement has positioned Arkham Intelligence as a potential competitor to established platforms like Binance, leading to speculation about the impact on Binance's market dominance.
• The future landscape of the cryptocurrency exchange market has been brought into question by the anticipated launch of the derivatives exchange by Arkham Intelligence, resulting in increased value for ARKM.

25.09.2024 - ARKM Crypto was down 6.5%

• The bearish movement of ARKM could be attributed to hackers compromising US government crypto, leading to $20M in suspicious activity, which likely raised concerns about cryptocurrency security.
• Additionally, the revelation that Tesla's $765M in Bitcoin is still intact might have caused some investors to shift towards more stable assets, impacting the demand for ARKM.
• News about Tesla still owning $780M in Bitcoin following a wallet movement could have influenced market sentiment, leading investors to opt for more established cryptocurrencies like Bitcoin over ARKM during this period of uncertainty.

25.09.2024 - ARKM Crypto was down 5.7%

• The bearish movement in ARKM could be attributed to news of a $20 million crypto breach involving the US Government, creating uncertainty and fear in the market.
• The hack that resulted in the theft of a substantial amount of crypto from a wallet affiliated with the US Government may have raised concerns about the security of digital assets, leading to a sell-off of ARKM.
• Despite the negative sentiment surrounding crypto breaches, the reassurance that Tesla's significant investment in Bitcoin remains intact might have prevented an even more severe drop in ARKM's price.
• Investors may be closely monitoring the situation to assess any potential long-term implications on the security and trustworthiness of cryptocurrencies like ARKM.

25.09.2024 - ARKM Crypto was down 5.1%

• ARKM experienced a bearish movement today due to a hacker plundering $20,000,000 worth of crypto from a wallet affiliated with the US government, leading to concerns and selling pressure in the market.
• The suspicious activity involving the compromise of US government crypto raised uncertainty and fear among investors, contributing to the downward pressure on ARKM.
• Despite the negative news, the revelation that Tesla's $765M in Bitcoin is still intact may have provided some reassurance to investors, preventing an even steeper decline in ARKM's price.
• The market movement could also be influenced by the overall sentiment towards cryptocurrencies and the ongoing regulatory concerns in the industry, amplifying the impact of the hacking incident on ARKM's price.

24.09.2024 - ARKM Crypto was up 5.3%

• ARKM saw a strong bullish movement today as speculation increased that Tesla's substantial investment of $780 million in Bitcoin remains intact.
• The reassurance that Tesla has not divested from its Bitcoin holdings likely boosted confidence in the cryptocurrency market, leading to increased buying activity and driving up the price of ARKM.
• This development highlights the continued mainstream acceptance and adoption of cryptocurrencies by major corporations, further solidifying ARKM's position as a valuable digital asset in the market.
• Overall, the positive sentiment surrounding Tesla's Bitcoin investment and its impact on ARKM's price demonstrate the interconnected nature of traditional finance and the cryptocurrency market, influencing each other in significant ways.

14.09.2024 - ARKM Crypto was up 5.2%

• ARKM saw a significant 16% increase in its value today.
• The surge in ARKM can be linked to Arkham Intelligence's announcement of launching its own derivatives exchange, sparking investor enthusiasm and leading to increased buying activity.
• The news of the upcoming derivatives exchange launch by Arkham Intelligence, supported by notable individuals like Sam Altman, has generated optimism around ARKM and the company's future in the crypto market.
• The positive investor sentiment towards ARKM reflects confidence in Arkham Intelligence's capacity to innovate and grow within the cryptocurrency sector, driving up ARKM's value in anticipation of the exchange's launch.

31.09.2024 - ARKM Crypto was down 5.1%

• ARKM experienced a bearish movement likely due to the news of a hacker looting $20 million from a US government-affiliated wallet, creating uncertainty and fear in the market.
• The quick return of the vast majority of the stolen funds may have mitigated some of the initial panic, but the breach still raised concerns about the security of cryptocurrency assets.
• Investors may be selling off ARKM in response to the breach, as security vulnerabilities can lead to a loss of trust in the token and the broader cryptocurrency market.
• The incident highlights the ongoing challenges of cybersecurity in the crypto space and the importance of robust security measures to protect digital assets.

18.09.2024 - ARKM Crypto was up 5.8%

• The rise in ARKM can be linked to Arkham Intelligence's plans to launch a crypto derivatives exchange.
• The excitement and optimism among investors, fueled by the anticipation of Arkham Intelligence's derivative exchange launch, have likely contributed to the bullish trend in ARKM.
• There is speculation about ARKM potentially surpassing the $2.8 resistance level and reaching $4, signaling positive sentiment and potential price appreciation.
• The buzz surrounding Arkham Intelligence's upcoming derivatives exchange launch has propelled the bullish momentum in ARKM, with investors pondering the token's future prospects.

26.09.2024 - ARKM Crypto was down 6.9%

• The bearish movement in ARKM today could be attributed to the negative sentiment surrounding a hacker looting $20,000,000 from a US government-affiliated wallet, causing concerns about security and regulatory risks in the cryptocurrency space.
• Despite the hacker returning the majority of the stolen funds within 24 hours, the initial breach and the subsequent media attention likely influenced investor confidence in ARKM and the broader crypto market.
• Arkham's disclosure that Tesla's $765M in Bitcoin is still intact may have provided some reassurance to investors in the crypto space, but the overall impact on ARKM's price movement was eclipsed by the security breach news.