We didn't see much market activity in the past week. 😴 Though the cryptocurrency developments are still rolling on. The total market capitalization was between $117 and $124 billion. Bitcoin briefly dropped below $3500 last week and mainly traded around $3600 range. The price of Ether started the week with 9% gain in anticipation of Constantinople Hard Fork. Then quickly dropped back to $120 due to security vulnerability that was discovered in the upcoming update which lead to the delay of the hard fork.
The first crypto exchange to suffer a hack in 2019 was New Zealand-based Cryptopia. After the hack the exchange announced emergency maintenance. Hackers stole $3.5 million worth of cryptocurrencies. The fact that hackers are stealing from exchanges show that cryptocurrencies do have values. As long as people keep their cryptos on centralized exchanges hackers will continue to steal funds. Protect your crypto investments by storing them on hardware wallets or mobile wallets where your funds are always in your control.