Key Takeaways
- Bitcoin stabilizes around $52,000 with potential for retail traders to boost momentum.
- Research deems attacks on Bitcoin and Ethereum consensus mechanisms economically unfeasible.
- Decentralized exchange Fixedfloat faces criticism following a hack of $26 million in bitcoin and ether.
- Ethereum Layer 2 network Starknet’s new token, STRK, gains multi-billion-dollar market capitalization post-airdrop.
Bitcoin’s Market Movement
Bitcoin reached $52,000 after a strong start but has paused after surpassing $50,000 earlier this month. Retail traders are currently observing, while spot bitcoin ETF activity remains high, with BlackRock potentially becoming the largest holder.
Security of Bitcoin and Ethereum
A recent study highlights the security strength of Bitcoin and Ethereum, making cyber attacks economically unfeasible due to high costs and logistical challenges. This marks a significant advancement in the security of both cryptocurrencies.
Decentralized Exchange Hack
Decentralized exchange Fixedfloat was reportedly hacked for $26 million in bitcoin and ether. Criticism arose over the delayed reporting of the incident by the exchange operators.
Upcoming Trends in Crypto Markets
Traders are anticipating the potential approval of an ETH ETF by the U.S. SEC. The latest application by VanEck excludes staking, differing from previous filings. Research suggests a 50% chance of approval by May, positioning it for institutional adoption.
Additionally, attention is on STRK, the new token of Starknet, which briefly hit $5 before stabilizing around $2 post-airdrop to millions of users, resulting in a significant market capitalization surge.
