Crypto Market in Pressure, Bitcoin Price less than USD 56,600, Solana, Ether, Litecoin
The price of Ether has also decreased by about one percent. According to Gadgets360’s crypto price tracker, Ethereum Was trading at around $2,550. Its price on international exchanges was around $2,378. Apart from this, there was a decline in Solana, Near Protocol, Bitcoin Cash and Polygon. Cryptocurrencies with profits included USD Coin, Cardano, Polkadot, Litecoin and Bitcoin SV. In the last one day, the market value of crypto declined by about 0.88 percent to about $ 1.99 trillion.
The team at crypto app CoinDCX told Gadgets360, “The crypto market is volatile as traders await data related to the unemployment rate in the US. Bitcoin price is trying to break the support of $56,000 and this is a Trading in the range. Resistance for Bitcoin is at $ 61,000. If it goes below $ 56,000, the price of most cryptocurrencies is falling.
America’s Federal Bureau of Investigation (FBI) has warned that attacks by North Korean hackers on the crypto segment have increased. Last month, Indian crypto exchange WazirX was targeted by hackers. There are reports of involvement of North Korean hackers in this case also. In this case, funds worth about $230 million were stolen 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.
