Crypto Market Roundup: Ethereum Hits New High, Monero Suffers 51% Attack

The cryptocurrency market experienced some noteworthy shifts on August 28th. While Bitcoin remained stable at $111,473, the broader market capitalization saw a slight dip of 0.1%. Leading cryptocurrencies like Ethereum and Bitcoin maintained significant dominance within the market. However, Monero suffered a rare 51% hashrate attack, sparking concerns in the DeFi space. 51% attacks are a serious security concern that can significantly disrupt a network’s operations.