Crypto Market in Profit, Bitcoin Price More than USD 55,170, Ether, Solana, Litecoin
second largest cryptocurrency The price of Ether has also increased. According to Gadgets360’s crypto price tracker, it was at around $2,460. The price of Ether on international exchanges was around $2,300. Apart from this, there was a rise in Avalanche, Ripple, Tron, Cardano, Binance Coin, Chainlink, Polkadot, Near Protocol and Stellar. Cryptocurrencies that declined included Litecoin and Iota. In the last one day, the market value of crypto increased by more than one percent to about $ 1.95 trillion.
The markets desk of crypto exchange CoinSwitch told Gadgets360, “Bitcoin funding rates on exchange futures are mostly negative. This is indicating the possibility of a decline in the retail segment. If we look at the past record, such situations tend to lead to short liquidations, which leads to This may mean that altcoins are at their lowest level and there may be a strong recovery. The market may get direction from the upcoming CPI and PPI data.
America’s Federal Bureau of Investigation (FBI) has warned that attacks by North Korean hackers on the crypto segment are increasing. Last month, Indian crypto exchange WazirX was targeted by hackers. There are reports of involvement of North Korean hackers in this case also. Funds worth about $230 million were stolen by hackers from WazirX. This case also had an impact on the crypto market. This raised questions about the strength of security in crypto exchanges. The FBI has said, “Hackers find their victims through their activity on social media. After this, the victims are trapped in various ways.” To avoid these hackers, the FBI has advised not to store information related to login, password and private keys of cryptocurrency wallets on devices connected to the internet. In some countries, rules are being made for this segment.
