Ether had a loss of less than one percent. According to Gadgets360’s crypto price tracker, its price was around $2,453. It was trading at around $2,327 on international exchanges. Apart from this, the prices of Binance Coin, Solana, USD Coin, Ripple, Cardano, Polkadot, Near Protocol and Stellar have also decreased. In the last one day Crypto ‘s market capitalization was down about 0.51 percent to about $1.99 trillion.
The markets desk of crypto app CoinSwitch told Gadgets360, “There may be volatility in the market ahead of the release of CPI data in the US. If inflation is lower than expected, the market may rise in the short-term.” Vikram Subburaj, CEO of crypto exchange Giottus, said, “Bitcoin is consolidating near $57,000. It has seen outflows of more than $1 billion for nine days. Bitcoin ETFs saw a net inflow of $34 million on Tuesday. This indicates investor confidence.”
Recently, the US Federal Bureau of Investigation (FBI) had 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 North Korean hackers being involved in this. In this case, funds worth about $230 million were stolen from WazirX. The FBI 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. This matter also had an impact on the crypto market. This raised questions about security in crypto exchanges.