Weekly news review

#Weeklynewsreview
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😱The past week has been rich in news and impressions.
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📉Let’s start with the “bloody Wednesday” that will go down in the history of the cryptocurrency market as the day of the fastest possible collapse and recovery of Bitcoin price. In just 14 hours, it dropped from $42,000 to $30,000 and bounced back. Ether and other altcoins also went to the “red zone”, but they are recovering more slowly.
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🤯Most likely, the reason for the “sell-off” was the exchange manipulation of large players, which led to the “mass psychosis” of trading bots and the massive triggering of stop-losses.
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❄️Analysts believe that the current state of the market resembles the situation in 2018, when the insane growth of Bitcoin and altcoins was followed by a multi-month “crypto-winter”, which, in general, is secretly waiting for the entire crypto community.
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🔀Ethereum developers are planning to hold the first Ethereum 2.0 hardfork this summer.
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🔥 The purpose of the update is the values of penalties for inaction and improper behavior of the validator. These values were deliberately reduced to encourage early user participation in the network, but now that the” signal chain “ of ETH 2.0 has been successfully and smoothly running for more than six months, the developers have decided to tighten the penalties for validators.
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☠️And another high-profile hack. The DeFi project on the Binance Smart Chain blockchain was attacked by hackers using instant loans. Hackers took out $200 million worth of crypto assets. A few days earlier, another protocol was attacked on the Binance Smart Chain blockchain, where hackers withdrew $11 million worth of tokens.
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👻That`s all of the “ horror stories” for today!
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Wish you a sunny weekend and positive news only!