As the week progresses, we continue to bring you the latest updates, insights, and analyses from the ever-evolving world of cryptocurrency. From market trends to regulatory developments, innovative projects to expert opinions, our newsletter is your go-to source for staying informed and empowered in the crypto space.

Join us as we unravel the mysteries of blockchain technology, explore new investment opportunities, and uncover the trends shaping the future of finance. Let's dive into today's edition of Crypto Insider Newsletter!

MARKET OVERVIEW (Today's Cryptocurrency Prices by Market Cap)

The global crypto market cap is $1.94T, a 0.48% decrease over the last day.

The total crypto market volume over the last 24 hours is $80.01B, which makes a 12.63% decrease. The total volume in DeFi is currently $6.68B, 8.34% of the total crypto market 24-hour volume. The volume of all stable coins is now $72.59B, which is 90.73% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 52.52%, an increase of 0.26% over the day.

Bitcoin Price Rally To $75,000 Imminent Due To Massive Cup And Handle Pattern

Bitcoin bulls are back in charge, with the world’s leading cryptocurrency surging past $52,000 on Wednesday following a long hiatus.

This rally comes on the heels of a brief dip below $50,000 triggered by hotter-than-expected US inflation data, but investors shrugged it off, demonstrating resilient confidence in the digital asset’s future. Bitcoin is up more than 21% so far this year.

51% Attacks on Bitcoin and Ethereum Won’t Be Possible Any Further, Says Coin Metrics

As per Coin Metrics researchers, the 51% attacks on Bitcoin could cost anywhere $20 billion, and huge mining machinery, which makes it practically impossible.

Crypto analytics firm Coin Metrics recently published the results of its latest research stating that it won’t be viable for nation-states to conduct 51% attacks on the Bitcoin and the Ethereum blockchain any further. In the report, Coin Metrics mentions that the astronomical costs that would be incurred to conduct such attacks are absolutely unviable.

A 51% attack occurs when a malicious entity controls over 51% of the mining hash rate in a proof-of-work system (e.g., Bitcoin) or 51% of staked crypto in a proof-of-stake network (such as Ethereum). With this control, attackers could potentially manipulate the blockchain by preventing confirmation of new transactions or by reversing transactions to execute double-spending. This ability to disrupt the network undermines its trustworthiness, which can further lead to significant consequences.

Stay tuned for tomorrow's updates as we bring you the latest news and information. We will keep you informed and provide you with all the necessary details.

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