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Crypto

Bitcoin Holds Near $79,000 After Liquid Network Hack

Lucas Tan-Reed5 min read
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Lucas Tan-ReedLucas Tan-Reed
Bitcoin, Ethereum, Regulation and Digital Assets

Bitcoin and Ethereum Trade Lower

Bitcoin traded near $79,417, down about 0.6%. Ethereum traded near $2,489.81. CoinGecko Bitcoin

Liquid Network Halts New Transactions

Liquid Network said approximately $320 million was withdrawn from its federation wallet in a hack. Liquid stopped new transactions. Reuters report

Liquid is a Bitcoin sidechain, so the event should not automatically be interpreted as a compromise of Bitcoin’s main blockchain.

SEC Proposal Keeps Regulation in Focus

The SEC proposed “Regulation Crypto Assets,” including tailored offering exemptions. SEC announcement

What traders should watch next

  • Liquid Network recovery updates
  • Whether affected funds are returned
  • Bitcoin around $79,000–$80,000
  • Ethereum relative performance
  • US inflation figures
  • SEC rulemaking
Social caption: Bitcoin held near $79,000 after Liquid Network reported approximately $320 million withdrawn from its federation wallet.

#Bitcoin #BTC #Ethereum #CryptoNews #Blockchain

Risk disclaimer: Digital assets are highly volatile and may lose substantial value. Cybersecurity, custody and regulatory risks should be considered. This is not investment advice.

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