“A Cybersecurity Report Linking Fake Crypto Wallet Extensions to Russian-Sysian-SPEAKING ATTACKERS HAS WORSED MARKET JITTers As ICP Breaks Below $ 5 Supportt”, – WRITE: www.coindesk.com
IS Trading AT $ 4.8373, Down 5.18% in the Past 24 Hours, While the Broader Crypto Market as Gauged by the Coindesk 20 Index Droped Only Half As Much.
ICP Faced Renewed Selling Pressure as Geopolitic Risks and Cybersecurity Threats Rattled Digital Asset Markets. The Decline ComESS AMID TROBLING FININGS FROM CYBERSUCURITY FIRM KOI Security, WHICH UNCOVERED A NETWORK OF MALICIOUS BROWSER EXTENSIONS TARGETING CRYPTOCURRENCY USERS.
The Report Identified More than 40 Fake Firefox Add-INS Designed to Mimic Popular Wallets Like Metamask and Coinbase. TheSe Extensions, Some of Wich Remain Live in Browser Stores, Are Believed to Have Stolen Sensitive Credentials From Unsuspecting USERS SINCE SINCE SINCE AT LEAST April 2025.
Technical Metadata and Language Artifacts in the Attack Infrastructure Point to Russian-Speaking Actors, Accounting To Koi. These Findings Added A New Layer of Concern for Crypto Investors Already Navigating Macroconomic Uncertainty and Fragmented Global Regulation.
ICP’s Price Reaction Was Swift, with The Token Falling Through Key Support at $ 5.00, Accounting To Coindesk Research’s Technical Analysis Model. The Bearish MOVE WAS AMPLIFIED BY INCREASED Trading Volumes Dringing Key Selloffs at 12:00 and 20:00 UTC on July 3 Intersted with elevated volatility to push prices Sharply Lower.
Technical Analysis Highlights
All Times Cited Are UTC.
- ICP-USD DECLINED 4.3% TO $ 4.8373 Between July 3 07:00 and July 4 06:00.
- Price Action ForMed A Descending Channel, with Resistance Near $ 5.13 and A Decisive Breakdown Below $ 5.00.
- Sharp Selloffs Occurred at 12:00 and 20:00 on July 3, Accompanied by Above-Average Volume.
- The Token’s Overall Range Was $ 0.26 (5.1%), UndersCoring Heighted Volatility.
- A 1.17% Drop Occurred Between 05:52 And 06:51 On July 4, with The Price Dipping Below $ 4.90.
- TEMPORARY SUPPORT EMERGED AT $ 4.88 AROUND 06:30, Followed by a Mild Recovery Stalling at $ 4.89.
- Volume Exceeded 94,000 Units Durying The 06: 27–06: 30 Windows, Likely Driven by Institutional Activity.
- Final Minutes Showed Consolidation, With Low Volatility Suggesting Possible Range-Bound Action Ahead.
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