XRP, ADA, SHIB, Doge in Red, where the encryption qualifiers topped $ 556 million

Current currency prices It fell in the trading session early on Saturday, with the main Cryptocurrencies XRP, Dogoin (Doge), Shiba Inu (Shib) and Cardano (Ada) are all red. The reaction of merchants to the theft of more than $ 1.5 billion from the Bybit Stock Exchange, which analysts claim to be the largest theft of encryption ever.

Bitcoin Other major symbols have been traded in a narrow range in recent weeks, with implicit fluctuations for future Bitcoin contracts in the short term that has decreased to its lowest level since June after a previous sale in February, wiping optimistic bets and sent the market to shrinkage.

At the time of this report, XRP has decreased by 3.07 % in the past 24 hours, while Dogecoin, Cardano, Shiba Inu decreased by 4.84 %, 5.17 % and 2.45 %, respectively. Bitcoin and Ethereum mentioned 2.34 % and 3.59 % losses, respectively.

This sudden decrease has led to a wave of liquidation, with a total of $ 556 million through various encryption assets during the past 24 hours, according to what it said. Coinglass Data.

Long and short positions have been eliminated: The upscale bets have formed the majority at 321 million dollars, while the liquidation of short pants reached 234 million dollars in the past 24 hours. The biggest individual liquidation request on Binance – BTCUSDT is worth $ 12.14 million.

What happened?

The encryption sector was cheerful on Friday when Coinbase announced that US securities organizers are about to reject a legal lawsuit against coding. The encryption prices increased after that, as Bitcoin approaches $ 100,000 for the first time since early February.

However, the joyful feeling did not last long. Vigilant encryption market analysts shortly after a huge and suspicious note ethereum Dubai -based clouds from another Dubai stock exchange, which is one of the largest daily trading in the world, with a daily trading volume of more than $ 36 billion.

Less than three hours later, in the middle of the road around the world, Crypto Exchange bybit announced that it had been hacked. Bitcoin and the majority of encryption assets decreased after that, with Coinbase’s shares decreased by more than 5 % after gaining it earlier.

Bybit, not available in the United States, had about $ 16.2 billion of assets in exchanging it before the attack, according to Coinmarketcap Reserves, where ETHEREUM derivatives and stolen eth derivatives represent nearly 9 % of their total assets.