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WazirX, the largest Indian cryptocurrency exchange, was hit by a security breach in one of its multisig wallets on Thursday. The incident resulted in the loss of over $230 million from the multisig wallet. Over $230 Million Stolen in WazirX Breach The company announced the attack in a post on X: At WazirX, our commitment to transparency and community welfare is paramount. There was a cyber attack on one of our multisig wallets. Below are the preliminary findings to clarify...

Amidst continued price weakness throughout last week, digital asset investment products saw significant buying activity, with inflows reaching $1.44 billion during that period. This brought the year-to-date (YTD) inflows to a whopping $17.8 billion, which shattered the previous record set three years ago. However, despite this strong inflow, CoinShares reported that trading volumes remained relatively low at $8.9 billion for the week, compared to the annual 7-day average of...

Bitcoin (BTC) is currently at a critical point that could determine whether its price will bottom out or decline further in a correction like that seen in the summer of 2021. While some metrics suggest that the leading crypto asset has reached the bottom of its latest correction, others signal that there could be more bloodshed and pain for market participants. Bitcoin at Pivotal Point CryptoQuant’s latest weekly crypto report says bitcoin’s price may take a little longer to...

Bitcoin’s price headed south on Friday evening as it popped above $58,000 and has remained there since. The altcoins have also turned green, with XRP, ADA, DOT, BCH, and NEAR leading the pack from the larger caps. BTC Reclaims $58K The primary cryptocurrency had a violent end to the previous business week as it dumped hard on July 5 from over $58,500 to a multi-month low of under $54,000. The bulls intercepted the move during the weekend and drove BTC to $58,500 once again....

The cryptocurrency market has gone through a considerable rollercoaster in the past seven days, with the price action being as volatile as it can get. At the time of this writing, the total capitalization settled at around $2.5 trillion, up 3.5% during that period. Bitcoin wasted no time and, on July 7th, pushed above $58K for the first time this week. The bears intercepted the move immediately and, on the following day, pushed it back below $55K, where buyers found a quick...

Bitcoin has experienced its most significant decline in the current cycle and is currently trading at over 25% lower than its all-time high. Data also suggests that BTC’s current dip period has sparked contrasting behaviors among investors with whale and shark wallets, depicting a different pattern than the smaller holders. Bitcoin’s Big Wallets Increasing The world’s leading crypto has been plagued with the distribution of seized tokens from the German government and the...

Bitcoin’s price has stagnated since its March peak due to tight U.S. monetary policy, which has reduced stablecoin supply, according to CryptoQuant analysts. “The reason for Bitcoin’s inability to rally further is fundamentally due to the tightening monetary policy in the U.S. since March 2022,” they reported on July 3. As a result, the overall stablecoin supply started to decline in early 2022 when the Federal Reserve started raising interest rates. Conditions for $BTC to...

The past 24 hours saw the cryptocurrency market continue its recovery, regaining $2.213 trillion in total capitalization. This comes on the back of Bitcoin climbing above $57K and other altcoins charting somewhat notable gains. Bitcoin’s Price Reclaims $57K As CryptoPotato reported yesterday, the BTC price gained 4% in a day and climbed above $56K following a bloodbath that took it all the way down below $54K. Now, the cryptocurrency continues its recovery, successfully...

It’s safe to say that the cryptocurrency market went through a lot during the past couple of days, with prices tumbling to levels not seen since February. It appears that the bulls are now attempting a comeback or, at the very least – a slight recovery. Bitcoin Price Increases Above $56K At the time of this writing, BTC is trading above $56K, charting an increase of around 4% in the past 24 hours. The cryptocurrency had previously crashed to a 5-month low to $53,550, but the...

What a week it’s been… The cryptocurrency markets ultimately took a turn for the worse, but they haven’t been without their moments. The bottom line is that the total capitalization lost a whopping $200 billion, which is more or less 10% in the past seven days alone. This came on the back of considerable losses from Bitcoin, but especially from the altcoins. In fact, the BTC dominance – a metric that gauges its share relative to that of the rest of the market – is up by about...