Bitcoin, Ethereum, and Coins Shiba Inu and Dogecoin are all seeing sudden drop in last few hours

Global crypto market capitalization fell 6.16 percent at 8 a.m., with a total market capitalization of $2.43 trillion, according to coinmarketcap.com, a global crypto exchange. The total crypto market volume is $137.47 billion, with an increase of 19.53 percent in the last 24 hours.

As of 8 am, Bitcoin (BTC) was trading at $53,029.87 with a drop of 6.88% over a 24-hour period. While Bitcoin is down 5.62 percent over the last seven days and has a market share of 41.19 percent, the coin’s value has decreased by 1.4% in the last 24 hours.

Over the past 24 hours, Ethereum (ETH) has lost 7.34 percent of its value and was trading at $4,154.68. Binance Coin (BNB) was trading at $587.01 with a loss of over 4.12% over the last 24 hours. At $1, Tether (USDT), the fourth-largest cryptocurrency by market capitalization, was down 0.02 percent. During the last 24 hours, the price of Solana (SOL) fell by 9.99 percent and it ranked fifth in the CoinMarketCap.com list; it was trading at $204.62.

There has been a steady decline in coinmarketcap.com in the last 24 hours for all major meme coins, including Dogecoin, Shiba Inu (SHIB), Dogelon Mars (ELON), and Samoyedcoin (SAMO).

Top meme coin in terms of market price Dogecoin fell 4.53 percent in the last 24 hours and was trading at $0.1973, while Shiba Inu saw a 4.22 percent drop and was trading at $0.00003968 at 8 a.m.

A 7.08 percent drop in the last 24 hours has seen Dogelon Mars (ELON) trade at $0.000001392, while Samoyedcoin (SAMO) was trading at $0.06268 and has seen a 0.94 percent drop in the last 24 hours, according to coinmarketcap.com.

El Salvador buys the dip once more as Bitcoin Drops $9K in an Hour

By the end of the trading day on Saturday, top cryptocurrencies had lost more than 10% of their value and the market cap had dropped by nearly 20%. Market capitalization of the Bitcoin (BTC) fell below $1 trillion for the first time in two months, while the value of Ethereum (ETH) also fell below $4,000.

This morning’s crypto market bloodbath may have been a disaster for traders, but it provided El Salvador with an excellent opportunity to buy a new dip. During the recent market crash, Nayib Bukele announced that the Central American nation had purchased an additional 150 BTC at an average price of $48,670.

Since El Salvador became the first country to legalise Bitcoin in September, it has become a tradition to buy the Bitcoin Dips. Since September, the country has purchased 150 BTC, and President Bukele has consistently predicted the market bottom. But he missed it this time by seven minutes as the BTC price briefly dropped to $42,874 before recovering above $47,000.

People in El Salvador warned the President of possible market losses and how they could affect the country’s treasury when the BTC price was under $40K in September. President Bukele, on the other hand, correctly identified the market bottom in October, when BTC hit $69K. Schools and hospitals are now being built in El Salvador thanks to the country’s Bitcoin fortune.

A Cryptocurrency Robbery! Almost $120 million in cryptocurrency has been stolen from BadgerDAO by hackers

An online fraudster managed to steal $120 million worth of cryptocurrency! In the end, it was the investors who took the brunt of the losses! A total of $120 million has been stolen from a number of cryptocurrency wallets linked to BadgerDAO, a decentralised financial platform. Approximately $120 million worth of cryptocurrency tokens were stolen in the cyberattack, according to blockchain security and data analytics firm Peckshield, which is working with online finance platform Badger to investigate the crypto heist. So that no further withdrawals can be made while the investigation is ongoing, the platform has temporarily halted all online contracts. To learn how the attacker managed to bypass two-factor authentication and connect to Cloudflare using an API key, Badger is looking into the matter.

PeckShield cites a single move that netted the attacker 896 Bitcoin worth more than $50 million. According to the researchers, the malicious code first appeared on November 10 and was executed at seemingly random intervals by the attackers in order to avoid detection. Badger team members have warned users that they believe hackers are installing a malicious script into the user interface of their website, even though the investigation is still ongoing. While the script was running, it tracked all Web3 transactions and sent a request to the attacker’s specified location to transfer the victim’s tokens.

BadgerDAO  Tweeted “Badger has retained data forensics experts Chainalysis to explore the full scale of the incident & authorities in both the US & Canada have been informed & Badger is cooperating fully with external investigations as well as proceeding with its own,”

In order to allow cryptocurrency owners to engage in more traditional financial activities like earning interest through lending, decentralised finance, or DeFi, systems, make use of blockchain technology. According to a press release from BadgerDAO, “rest easy knowing you never have to give over the private keys for your crypto, you can withdraw whenever you want, and our strategists are working day and night to put your assets to work,” As a result of the protocol’s token, Bitcoin holders can now take advantage of DeFi opportunities that they would not have had otherwise been able to access on the Ethereum platform.