A series of major hacks has damaged investor confidence. The Bybit hack resulted in a staggering $1.4 billion loss in Ethereum, causing panic selling across the market. While Bybit's CEO Ben Zhou confirmed the recovery of $742 million, many investors remain worried about security. $BTC $ETH $SOL #Currentmarketcap #Marketdown
#OnChainInsights On-chain insights refer to the analysis of data and metrics that are recorded on a blockchain, such as transaction volumes, wallet addresses, and smart contract interactions. Here are some key on-chain insights:
*Bitcoin On-Chain Insights*
1. *Increased Accumulation*: Bitcoin's accumulation trend score has risen to 72%, indicating increased buying pressure.
2. *Reduced Selling Pressure*: The selling pressure score has decreased to 28%, suggesting reduced selling activity.
3. *Growing Whale Population*: The number of Bitcoin whales (addresses holding 1,000+ BTC) has increased by 2.5% in the past month.
*Ethereum On-Chain Insights*
1. *Ethereum's Active Addresses*: The number of active Ethereum addresses has reached a 3-month high, indicating increased network activity.
2. *ETH 2.0 Deposit Contract*: The ETH 2.0 deposit contract has reached a total balance of 18.1 million ETH, worth approximately $45.6 billion.
3. *Gas Price Decrease*: Ethereum's average gas price has decreased by 35% in the past week, making transactions more affordable.
*Other On-Chain Insights*
1. *Solana's NFT Market Growth*: Solana's NFT market has seen significant growth, with a 25% increase in NFT sales volume in the past month.
2. *Cardano's Smart Contract Adoption*: Cardano's smart contract adoption has increased, with a 15% rise in the number of smart contracts deployed on the network in the past quarter.
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$RAY /USDT – Rebound in Progress? Key Levels to Watch! 🚀 📉 Current Price: $3.134 (-25.06%) 🔥 Support & Resistance Zones: ✅ Support: $2.90 - $3.00 (Strong accumulation zone) 🚀 Resistance: $3.20, $3.40, $3.60 (Key breakout levels) 📊 Trading Strategy: 🎯 Entry Zone: $3.00 - $3.10 (Buy on dips near support) 📉 Stop Loss: $2.85 (Below key demand zone) 📈 Take Profit Targets: 🎯 TP1: $3.20 (First breakout test) 🎯 TP2: $3.40 (Mid-range resistance) 🎯 TP3: $3.60 (Bullish confirmation) 💡 Market Insights: RAY is showing signs of a reversal after a deep pullback! Volume increasing on green candles – bullish momentum brewing? A breakout above $3.20 could trigger a sharp recovery! 🔥 Is this the moment RAY makes a strong comeback? Eyes on the charts! 🚀 $RAY
The hacker who stole $1.5 billion from Bybit has been found. The crypto research group Arkham Intelligence is attributing the theft to the North Korean hacking group known as the Lazarus Group. The Lazarus Group is an infamous cybercrime group tied to the North Korean government that has been conducting cybercrimes since 2009. #parkjinhyok #bybit #BybitHackFud
🚨❌ Bybit requested eXch to freeze stolen funds after hackers began laundering #ETH through their platform without KYC, but eXch declined the request.
⚠️ eXch responded that Bybit had previously labeled cryptocurrency from their platform as "high-risk assets." Since past efforts to resolve issues with Bybit failed, eXch stated they see no reason to cooperate. What’s your take on this situation? $ETH
22 January 2022 $35,000 Decrease Bitcoin price falls almost 50% from all-time highs, to below $35,000[221] 12 May 2022 $25,401 Decrease Following the Terra-LUNA crash in May 2022, Bitcoin retreated to its lowest level since December 2020. Traders seized the discounted bitcoin to buoy the price around the $30k mark.[222] 13 June 2022 $22,602 Decrease Bitcoin slid to $22,601.69 as Celsius Network froze withdrawals and transfers, citing "extreme" conditions.[223][224] 18 June 2022 $17,769 Decrease
On May 22, 2010, Laszlo Hanyecz, a programmer, made history by paying 10,000 BTC for two Papa John's pizzas—valued at around $41 at the time. Today, those bitcoins would be worth hundreds of millions of dollars, making it the most expensive meal ever recorded. $BTC #btcfizzaday #bitcoin #bitcoinday