Crypto Price Analysis 7-22: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, ARBITRUM: ARB, BITTENSOR: TAO, APTOS: APT
The post Crypto Price Analysis 7-22: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, ARBITRUM: ARB, BITTENSOR: TAO, APTOS: APT appeared on BitcoinEthereumNews.com.
The crypto market turned bearish over the past 24 hours, dropping 1.35% as sentiment cooled after a rally that saw the market cap cross $4 trillion. Macro catalysts, such as Fed policy tensions, liquidations, and technical overextension, fueled profit-taking, leading to a sharp decline. Bitcoin (BTC) experienced a substantial drop over the past 24 hours, falling from $119,422 to a low of $116,653 before recovering to its current level of $118,183. The flagship cryptocurrency has declined by almost 1% over the past 24 hours. Ethereum (ETH) also lost momentum after crossing $3,800 late on Monday. The world’s second-largest cryptocurrency reached an intraday high of $3,851 before losing momentum and dropping to a low of $3,657. ETH is down over 2% in the past 24 hours, trading around $3,691. Ripple (XRP) slipped below $3.50 and is down 1.06%, trading around $3.46. However, Solana (SOL) has defied market trends and is up nearly 6% over the past 24 hours, as it marches towards the $200 milestone. Dogecoin (DOGE) is down almost 3%, while Cardano (ADA) is marginally down, trading around $0.869. Stellar (XLM), Chainlink (LINK), Hedera (HBAR), Litecoin (LTC), Toncoin (TON), and Polkadot (DOT) also registered substantial declines. Lazarus Group Behind CoinDCX Hack Cybersecurity experts believe the $44 million CoinDCX hack was orchestrated by the dreaded Lazarus Group. Experts from Cyvers pointed out that the hack followed the same patterns observed during the WazirX hack. WazirX was hacked exactly a year ago, with the attackers draining $244 million through a series of malicious transactions. Security experts stated that the speed, precision, and cross-chain sophistication of the breach made it exceptionally alarming. The group planned the attack from July 16 and conducted a test transaction on 1 USDT before unleashing the hack. Cyvers also stated that Lazarus seems to be accelerating its focus…
