The bitcoin market had a $400 million loss, and it was the worst day for the cryptocurrency since th

The price of bitcoin dropped below $61,000 on Wednesday morning, down 8% in the previous day after hitting a weekly high. Since FTX's collapse in November 2022, this decline represents the largest one in a single day. According to cryptocurrency tracking website CoinMarketCap, other cryptocurrencies also experienced a severe decline, wiping roughly $400 billion from the market since Bitcoin's high.

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Bitcoin's value has dropped by about 13% in the last week, after hitting an all-time high of $73,737 on March 14, 2024. The value of Ether, the second-largest cryptocurrency by market capitalization, dropped by around 17% overThe price of bitcoin dropped below $61,000 on Wednesday morning, down 8% in the previous day after hitting a weekly high. Since FTX's collapse in November 2022, this decline represents the largest one in a single day. According to cryptocurrency tracking website CoinMarketCap, other cryptocurrencies also experienced a severe decline, wiping roughly $400 billion from the market since Bitcoin's high.

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the last seven days. In addition, during the previous week, the values of Cardano and Dogecoin fell by 20% and 22%, respectively.
Effects of Spot Bitcoin ETF withdrawals

The market for spot Bitcoin ETFs has drastically declined during the last several days. For instance, Grayscale’s ETF (GBTC) saw a record withdrawal of $643 million.

Did Bitcoin Fall by 1% of Its Current Supply? Significant Gain as Saylor Declares Purchasing An Extra 9,245 Bitcoin
Benzinga/Benzinga
Does MicroStrategy Currently Hold 1% Of The Total Amount of Bitcoin? Significant Gain as Saylor Declares Purchasing An Extra 9,245 Bitcoin
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Weekly losses for Bitcoin increase as the cryptocurrency momentarily falls below $63,000: CNBC's Crypto World
CNBC / CNBC
Weekly losses for Bitcoin increase as the cryptocurrency momentarily falls below $63,000: 10:25 CNBC Crypto World
Every eye is on The Fed

At the end of today's meeting, Federal Reserve Chair Jerome Powell will reveal the FOMC's (federal open market committee) economic outlook and declare whether interest rates will be modified. The bitcoin market might get exciting ahead of the next FOMC meeting.
In October of last year, LayerZero established a Lido stETH bridge without requesting authorization from Lido DAO. This week, in response, the community endorsed two of its main rivals.
Blockchain protocols often take great satisfaction in their "permissionlessness," which refers to the notion that anybody, anywhere, can add to a protocol without requesting permission in advance. However, in actuality, it is occasionally savvier to get permission."
Decentralization and Blockchain Technology

These "protocol councils," also known as "security councils," seek to gradually take these fledgling networks out of the hands of their original creators in order to push them toward greater decentralization. What distinguishes them from directorships?
SEGMENT OF PROTOCOL VILLAGE INTERVIEW
Visitor: Wahby Riad
Co-founder and CEO of Cubist, a company that creates hardware-backed, infrastructure for non-custodial key storage and signing that helps businesses to safeguard staking keys and safe withdrawals.
Conclusions |
Blockchain interactions require the use of keys, which must be carefully managed to maintain security.
The security of the underlying blockchain may be impacted by restaking's dangers and its knock-on effects.
Although the restaking ecology presents chances for creativity and cooperation, determining reputation and assessing risk are essential for making wise choices.
The long-term viability of blockchain networks depends on designing systems that can tolerate noncompliant users and encourage good behavior.
With an emphasis on computer security, cryptography, and the nexus between blockchain and artificial intelligence, students continue to show interest in blockchain and cryptocurrency.
Using graduate students' assistance and practicing effective time management are key to juggling entrepreneurship with academics.