Bitcoin, Ethereum, XRP, Dogecoin See Friday Blues After Massive $1.4 Billion Bybit Hack

Cryptocurrency markets are trading lower on Friday after a $1.4 billion hack on Bybit dragged down the market.

CryptocurrencyPrice   Gains +/-Bitcoin BTC/USD$95,385.38-3.1%Ethereum ETH/USD$2,634.96-4.3%Solana SOL/USD$168.78-3.5%XRP XRP/USD$2.52-6.9%Dogecoin DOGE/USD$0.2400-5.6%Shiba Inu SHIB/USD$0.00001494-4%

Notable Statistics:

IntoTheBlock data shows large transaction volume increasing by 12.3% and daily active addresses growing by 4%. Transactions greater than $100,000 are up from 9,587 to 9,988 in a single day. Exchanges netflows are up by 105.3%.

Coinglass data reports 188,950 traders were liquidated in the past 24 hours for $551.47 million.

Notable… Read more on Benzinga

My Top 3 Takeaways From Fidelity And Voltage’s Recent Lightning Report

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In a report released this Wednesday, Fidelity Digital Assets in collaboration with Lightning payment provider Voltage released a report on the state of the Lightning Network.

The report details the many ways in which the Lightning Network has grown since its launch in 2018.

It also illustrates how more businesses have begun incorporating Lightning in 2024 than any year prior, that larger channels are forming on the network and that more…

Read more on BitcoinMagazine