BTC and ETH remain steady while altcoins bounce amid consolidation.
The total cryptocurrency market is down half a percent over the past 24 hours. BTC ir ETH are also both down around 1%. Despite the major coins’ relative weakness on the day, SOL has added to its recent move and is up nearly 4%.
Crypto markets gave back some of their weekend gains on Tuesday when it was atskleidė that $600 million worth of ETH and USDC was stolen from Axie Infinity’s Ronin bridge. BTC, ETH and other majors took a price hit as news spread. Though a wrench in an otherwise bullish market, majors and altcoins are still holding steady — and some tokens are adding to their gains.
DeFi Digest: Ronin bridge hacked for over $600 million
Ronin, the Ethereum sidechain that hosts popular crypto game Axie Infinity, was hacked for 173,600 ETH and 25.5 million USDC. The hack, which took place on March 23, was not discovered until Tuesday, when an Axie Infinity user went to withdraw 5,000 ETH from the bridge connecting Ronin to the Ethereum mainnet.
According to Sky Mavis, the developer behind the game, the hacker gained control of five out of nine Ronin chain validator nodes through a backdoor that was left open in November. They were then able to use private keys to forge fake withdrawals and drain the bridge.
Most of the stolen funds are still present in ši piniginė — and the Sky Mavis team is working with law enforcement, exchanges and key stakeholders on next steps. Currently, the AXS, RON ir SLP tokens are not at risk, but no users will be able to deposit to or withdraw from Ronin for the time being.
NFT Snapshot: OpenSea announces Solana integration
Market-leading nonfungible token marketplace OpenSea paskelbė kad J. Solana-based projects will be available to purchase on the website in April. Today, the platform is mostly used as a marketplace for Ethereum-based projects, such as Bored Ape Yacht Club and Doodles, but also sees smaller volumes for Polygon-based NFTs.
Su J. Solana integration, the marketplace aims to capture growing interest in nonfungible tokens across blockchains. It will compete with existing J. Solana marketplaces like Magic Eden and Solanart. OpenSea retweeted many J. Solana-based projects after the announcement — including Aurory, Nyan Heroes and Degenerate Ape Academy — pointing to future listings when the integration is live.
Geriausi altcoin žaidėjai ir pralaimėtojai: DeFi žetonai mato pelną
- UMEE/USDT +18.59%
- DYDX/USDT +8.68%
- COMP/USDT +6.14 %
- IMX/USDT –4.83 %
- ELON/USDT -7.03%
- TORN/USDT -10.96%
Most altcoins are down or flat today, with some exceptions. UMEE has moved up the hardest, with decentralized finance tokens — such as DYX ir COMP — following close behind.
Tuo tarpu, IMX plėtinys continues its downward trend, falling almost 5%.
BTC technical analysis: Giving up some gains
After a huge run up earlier this week, BTC now sits right around 47,000 USDT. The market-leading coin touched the 200-day moving average over the past few days but was unable to break through it. Buyers will want to see the 45,000 USDT level hold in the coming week — otherwise, more downside could be in the cards.
ETH technical analysis: Reaching resistance
Similar to BTC, ETH has failed to break its 200-day moving average. The area above 3,400 USDT has been a battleground for buyers and sellers since January — with sellers still firmly in control. Support rests around 3,150 USDT, where bulls finally broke through on Sunday. This will need to hold for it to have a shot at higher prices.
Altcoin technical analysis: WAVES sees massive squeeze
WAVES saw multiple leaps since early March, but none hold a candle to the squeezes seen this week. The token shot up above the 30 USDT range on Monday before breaking all-time highs on Tuesday. Buyers have been in complete control since, with late shorts getting burned as the price continues to drift up. WAVES jumped over 30% yesterday and is up nearly 5% today.
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Source: https://www.okx.com/academy/en/crypto-majors-cool-off-as-select-altcoins-run-crypto-market-daily/