High volatility in the cryptocurrency market could be caused by the threat of a DDoS attack on the T
Paolo Ardoino, technical director of Tether, announced the received threats of an attack on the stablecoin website. The attackers, in his words, demanded a ransom from the company in order to avoid massive DDoS attacks, however, the team took the necessary measures to prevent possible pressure on the system and maintain the parity of 1:1 USDT to the US dollar.
Tether became the very first coin linked to the dollar, and is the most common among all available analogues in the entire cryptocurrency industry. Against this background, the capitalization of the stablecoin fell below $ 69 billion, for the first time since October 2021.
Considering how acutely such news affects cryptocurrency rates, perhaps this event was the reason for yesterday's spill of the digital market, at the moment Bitcoin is trading at around $ 19,700, returning 2,000 thousand in value, but as we discussed earlier, the US Federal Reserve for the current year plans to continue raising the key interest rate, this time a period of sharp recovery in the markets should not be expected. Naturally, the rest of the market turned green behind the main cryptocurrency, Ethereum reached $ 1,040 per token.
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