Crypto Market Holds Steady Amid Gala Hack and ETF Inflows

Main points: • The total market cap remained stable at $2.54T. • Ethereum (ETH) price decreased from $3765 to $3692. • Bitcoin (BTC) price increased from $68346 to $69474. • The largest hack of the week targeted Project Gala, resulting in a $22 million loss. • Total inflow into ETFs was $525 million, with the largest inflow of $125 million into the IBIT ETF. Introductory paragraph: This week, the cryptocurrency market showed stability in its total market cap, remaining at $2.54T. Ethereum saw a slight decrease in price, while Bitcoin experienced a modest increase. The market was notably affected by a significant hack on Project Gala, resulting in a $22 million loss. In the ETF sector, there was a substantial inflow of $525 million, with the IBIT ETF receiving the largest share. Overall, the market trends indicate a mix of stability and volatility, with notable events impacting specific assets and sectors.