Learn Crypto with Bit.Fan Academy
From beginner to advanced — master exchanges, wallets and blockchain essentials
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How Much Is Bitcoin Today? BTC Price Snapshot
How much is bitcoin today? As of July 31, 2026, Bitcoin trades at $63841, with a 24-hour change of -0.19%.
What Is a Honeypot Crypto Scam?
A honeypot crypto scam is a malicious token setup that allows you to buy crypto but prevents you from selling or withdrawing it, resulting in trapped funds. In 2026, honeypots remain one of the most common traps on DEXs, with scammers using more sophisticated contract kicks and even ready-made scam templates. They work in one of two ways. The most common involves tokens that can’t be sold or transferred due to hidden contract restrictions. Another method is more hands-on and involves sending tokens to a scammer’s wallet. Ultimately, the tokens can’t be withdrawn. In this guide, we’ll detail the two types of honeypot crypto scams and learn what to look for to avoid becoming a honeypot statistic. Let’s dig in. Honeypot Crypto Scam Meaning A crypto honeypot is a scam that tempts crypto users into losing their valuable tokens, such as ETH or SOL. The scam can work in two ways, with both methods using a flawed contract. The more commonly seen honeypot involves tokens, often meme coins, sold on decentralized exchanges. However, a function of the token blacklists buyers, making the token impossible to sell again. In 2026, honeypots are increasingly deployed using pre-built “honeyport-as-a-service” kits that allow even non-technical scammers to launch malicious tokens easily. In 2025, crypto hacks, exploits, and compromises cost investors more than $3.4 billion, with analysts claiming that the real figure is significantly higher because of underreporting. However, most scams go unreported within the crypto industry. Here’s a list of different types of crypto scams, and how they work.
What Is a Bear Market in Crypto? How to Survive and Profit
Bear markets refer to prolonged periods of falling asset prices. However, a crypto bear market differs from a traditional bear market in that it’s not marked by a specific percentage decline. Crypto’s volatility makes 20% moves up or down – bull or bear market indicators in traditional markets – fairly commonplace. Instead, crypto bear markets reflect failing confidence along with falling prices over a period of months. While bear markets in crypto cause traders to lose hope and sell, selling pressure can create long-term opportunities to buy at discounted prices. In prolonged downturns, it may even make sense to short-sell specific cryptocurrencies to profit on the way down. In this guide, we’ll answer the question, “What is a bear market in crypto?” We’ll also examine ways to navigate downturns and turn inevitable dips into opportunities.
