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Crypto Market Update: H1 Crypto Hacks Cross US$1 Billion, Blockaid Reports

Crypto Market Update: H1 Crypto Hacks Cross US$1 Billion, Blockaid Reports

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.

Here’s a quick recap of the crypto landscape for Wednesday (July 29) as of 10:00 p.m. UTC.

Bitcoin price update

Bitcoin (BTC) was priced at US$63,580.04, up by 1.2 percent over the past 24 hours.

Simon-Peter Massabni, head of business development at XS.com, noted that the price of Bitcoin has been holding above US$64,000 and maintaining an upward trend since late June.

Its recovery may benefit from capital rotating out of cooling artificial intelligence (AI) and chip stocks, provided there is sustained inflow into spot Bitcoin funds rather than the current volatile…

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