Galaxy’s Alex Thorn says Bitcoin’s realized price is currently $56,000, a level it is likely to fall to without clear drivers to spark a rally.

The amount of crypto stolen in January is also a 214% increase from the month before, with a majority of the value lost due to a single phishing incident.

Crypto bridge CrossCurve has told users to pause interacting with its protocol while it conducts an investigation into a smart contract breach.