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CertiK · Bitcoin · U.S. Treasury ·

Crypto shed $1.26 billion in hacks while bitcoin bulls enjoyed a monster quarter

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The ether-bitcoin ratio has lost its bullish trendline. (TradingView)

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Key facts

Summary

Bitcoin BTC $85,360.73 closed the third quarter up 40%, outrunning every major asset even as Treasury yields climbed to their highest in more than two decades. Yet amid the rally, one familiar stain on the industry's image kept spreading. Crypto suffered 247 security incidents in the third quarter, with losses totaling $1.26 billion, according to data tracked by crypto security firm CertiK. For now, the losses barely register against the capital arriving through ETFs, Sondergaard explained, adding that most institutions are buying crypto through regulated, familiar wrappers and staying away from DeFi protocols altogether.

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#CertiK #Bitcoin #U.S. Treasury