There has been some activity in the cryptocurrency market recently. The first is that the price of Bitcoin has increased in recent times. According to data from Coin Metrics, the latest trading price increased by 2.93% to $43,097.00. In addition, Ethereum also rose, rising nearly 2.06% to $2,304.82. Solana’s SOL token and Cardano’s ADA also led the cryptocurrency market higher, with gains of 6.8% and 7.4% respectively.

However, there is also some negative news about cryptocurrencies. Recent news has revealed that criminals have created more than 1,300 fraudulent crypto tokens since April 2023, stealing $32 million from more than 42,000 victims. These tokens often imitate companies or projects that have not yet announced or launched their tokens, and use fake volumes to trick traders.

In addition, the U.S. Securities and Exchange Commission (SEC)’s social media account was hacked and a false tweet was posted about the approval of a Bitcoin spot ETF, causing significant fluctuations in the cryptocurrency market.

Brothers, generally speaking, the dynamics of the cryptocurrency market are still full of variables and require vigilance.