The cryptocurrency market has performed well over the past few weeks, with the total market value increasing by nearly $ 700 billion. The total value of all cryptocurrencies in circulation is a very important factor for the health of the market as well as the best forex signals.
With the market growing, cryptocurrency market capitalization was $ 2 trillion for the first time in three months. reached. This increase in market value is strong evidence that buyers are regaining control.
Total market capitalization reached $ 2.07 trillion for the day, the highest level since May, according to data provided by SafeTrading. The total market capitalization has increased by 4.6% in the last 24 hours. In addition, the market has grown by about 25% since last week, and its total value has grown by $ 400 billion.
- The total value of the cryptocurrency market has surpassed $ 2 trillion for the first time since May.
- Bitcoin and Ethereum make up the majority of the market.
- Bitcoin (BTC), the largest and most influential cryptocurrency, accounts for 43.7% of the total market, while Bitcoin accounts for 18.9%. followed by Ethereum (ETH) with market share.
At the time of writing, the leading cryptocurrency Bitcoin is trading at $ 46,397, up 2.62%, according to best forex signals, while the second-largest cryptocurrency, Ethereum, continues to trade at $ 3,240, up 3.81%.
The total value of the cryptocurrency money market reached a combined value of $ 1 trillion in January, and with a sharp rise in the market, it doubled in 3 months to reach $ 2.6 billion. However, the market was unable to stay at this level, and due to the sharp drop in June / July, the total market value was halved.
With the help of a hack the other day, a hacker infiltrated the systems of the Poly Network blockchain platform and stole the Binance Smart Chain (BSC), Ethereum (ETH) and Polygon worth approximately $ 600 million.
This attack has been recorded as the largest DeFi hack event in the cryptocurrency industry. As a result of the attack, the hackers transferred the assets in the specified blockchains to their wallets – experts of SafeTrading.
These transfers took place via the Ethereum, Binance Smart Chain (BSC) and Polygon networks to three different wallet addresses associated with the hacker. Poly Network confirmed the hack on Twitter on Tuesday.
After the attack, Poly Network, in a post addressed to the hacker, urged the cyber criminal to recover the stolen funds. The Poly Network message looks like this:
- “The amount of money you hacked is the largest ever stolen in the DeFi industry. Law enforcement agencies in any country will consider this a serious economic crime, and soon you will be caught. “
Following this call from Poly Network, Etherscan data shows that the hacker recovered $ 2 million in Shiba Inu Tokens (SHIB) and $ 616,000 Fei USD (FEI). On the other hand, BscScan data shows that the hacker returned 23.88 bitcoins to Poly Network, pegged to Binance (BTCB). At the time of writing, the total value of the returned cryptocurrencies is just over $ 1 million.
So far, a refund of $ 1,010,100 has been received from the hacker’s wallet address, sent in three transactions. After the attack, the hacker returned the cryptocurrency totaling $ 4.6 million. However, the total value of the assets recovered is less than 1% of the nearly $ 600 million in assets stolen from Poly Network.
As previously reported by CoinTurk, the Poly Network attack was listed as the largest Decentralized Financial Attack (DeFi) to date, bringing the total value of theft in the market segment to over $ 1.1 billion in 2024, nearly 10 times more than attacks in 2020. price.
However, since the second half of 2020, DeFi has accounted for the majority of cryptocurrency hacker attacks amid a decline in centralized exchange hacking incidents – wxpert of SafeTrading.
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