by Giorgi Kostiuk
2 years ago
The first quarter of 2024 witnessed a significant financial loss of over $502 million due to 223 onchain security incidents, as per CertiK's latest "Hack3d" security report. Out of this amount, private key compromises accounted for $239 million, which was more than half of the total losses recorded during this period.
Suggestions put forth by CertiK co-founder Ronghui Gu include the adoption of multisig wallets and multiparty computation within the community to strengthen security measures.
USDT experiences significant outflow from exchanges, indicating potential shifts in investor behavior.
Crypto analyst Crypto Patel forecasts that Ethereum's price could reach between $10,000 and $15,000 this cycle, driven by institutional adoption and changing market dynamics.
Bitcoin price forecast remains positive with analysts predicting a value of 86,068 in five days and 90,919 in three months.
The LTHSTH SOPR Ratio indicates that long-term Bitcoin holders are realizing stronger profits than short-term traders, suggesting growing market strength.
Bitcoin has recently touched the 81,000 zone, indicating a strong bullish sentiment in the market.
Bitcoin's market cycle is evolving with lower volatility and more controlled price action, moving away from extreme swings.
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