Hacker Returns 11K ETH Amid $71M Heist; Crypto Market Rallies with BTC and ETH Gaining Momentum

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One of the largest crypto heists, when a scammer stole $71 million of WBTC from a trader, has returned 11K ETH, a development that’s turned heads across the crypto trading community.

This bizarre episode has seen the crypto market rally with Bitcoin rising and analysts again revising Ethereum price predictions upward for the rest of 2024. Here’s why Bitcoin and Ethereum are gaining momentum and what it means for the rest of the market.

Bitcoin: Godfather of crypto rebounds after new ATH in March

Bitcoin has hyped again this year, with the original crypto hitting a brand-new ATH in March 2024 when it poked its head above $73k for the first time to lead the crypto market rally. This surge was part-provoked by the introduction of spot Bitcoin ETFs in Hong Kong, a move that further boosted Bitcoin’s primacy as the leading crypto on the market.

After sinking below $57k at the beginning of May 2024, the return of WBTC funds in Ethereum has helped Bitcoin return above the $60k mark in the past few days as it seeks to extend the crypto market rally from Q1 this year into the second half of 2024.

Ethereum price prediction: Can it follow Bitcoin’s lead?

Ethereum is feeling the benefit of the crypto market rally. It rides on the coattails of Bitcoin‘s success while also riding a wave of optimism from launching the first Ethereum ETFs in Asia. In addition to boosting Ethereum’s price prediction for the second half of this year, the repayment of stolen funds in Ether has positively impacted the ETH price in the past few weeks.

After sinking below $2,900 at the beginning of May, Ethereum has pushed back toward the $3k milestone as it seeks to surge toward the $4k marker in the second half of 2024. Indeed, analysts are revising their Ethereum price predictions upwards, with forecasts that the biggest altcoin on the market could soar toward $5k before this year is over.

Raboo: New AI crypto meme coin disrupting the market

One new crypto presale looking to take advantage of the crypto market rally is Raboo, an innovative AI-powered meme coin marking a paradigm shift for meme enthusiasts. Raboo’s unique fusion of AI tech, meme culture, and SocialFi capabilities creates a new niche for crypto investors to enjoy.

At the heart of Raboo’s value proposition is the proprietary Rabooscan tool, which enables meme generation with the aid of AI. Users can then monetize their creations with the Post-to-Earn scheme, community-focused giveaways, and prize draws.

Raboo’s presale is currently priced at $0.0042, having already raised $1 million in liquidity. Experts making bullish Ethereum price predictions also believe Raboo could return 100x gains once the coin goes public, taking advantage of this year’s crypto market rally.

Conclusion

As Bitcoin pushes a crypto market rally and analysts boost Ethereum price predictions ahead of the second half of 2024, a new player is coming to the market with a pioneering new solution in the meme coin market. Raboo’s fast-selling presale is one of the year’s most exciting crypto investment opportunities. Join the ICO today to be part of something with 100x growth potential.

You can participate in the Raboo presale here.

Telegram: https://t.me/RabootokenPortal

Twitter: https://twitter.com/Raboo_Official

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