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Rising Crypto Scams Spark Caution as Bitcoin Bounces Back Near $80K

Published on
8 Apr, 2025 | 07:38
Image: AI-generated for bitcoin24.com

As of April 8, 2025, Bitcoin is trading around $79,626, showing signs of stabilization after dipping below $75,000 earlier this week. While prices have slightly recovered, analysts warn that broader concerns continue to weigh on the crypto space — particularly rising security threats targeting investors.

According to a recent report by Chainalysis, the first quarter of 2025 saw a 34% increase in phishing-related crypto scams compared to the same period last year. Many attackers are now mimicking well-known wallet interfaces and exploiting fake “account verification” alerts to steal users’ assets.

Analysts suggest that price movements and scam activity are becoming increasingly intertwined, as market panic often creates ideal conditions for fraud. Experts advise users to rely on hardware wallets and double-check URLs before entering sensitive information.

As crypto markets remain volatile, both price awareness and personal security are essential.

Find more updates and insights at bitcoin24.com.

Live Bitcoin price illustration with upward chart and Bitcoin logo – bitcoin24.com
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Source: CoinGecko