Solana, the sixth-largest cryptocurrency, has fallen even as multiple asset managers have applied for ETFs based on its spot price.
The SOL price has dropped below $160 for the first time since November 2024 as it remains stuck within a steep bearish channel. Solana has been struggling lately due to increasing selling pressure and a drop in network activity. Several on-chain metrics have declined, along with DEX activity for the 5th consecutive week.
Derivatives traders brace for further ether downside in the wake of the Bybit hack, which resulted in $1.5 billion worth of ETH being stolen.
Crypto's largest hack ever could paint a silver lining for Ethereum's price as Bybit inches toward recovery, Bitfinex analysts wrote.
The world of crypto is an arena where every major incident reshapes market dynamics. Indeed, the colossal hack of $1.4 billion suffered by Bybit, one of the largest centralized exchanges, raises an important question: Can Ether still surpass $3,000 despite this shock?
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Ethereum's price experienced a negative reaction to the hack. At the time of writing, ETH was trading at $2,705, reflecting a 3.49% decline on the day.
Bitcoin price is at risk of falling from its current trading range and exploring new lows under $90,000. Can bulls turn the tide?
Time.fun founder Kawz claims other platforms could build on top of the concept of tokenized time — and that a token could tie them all together.
On Friday, Bybit was allegedly hacked by the infamous state-backed hacker organization Lazarus Group, which looted roughly $1.5 billion in ether (ETH) from the major cryptocurrency exchange. The hack was the largest in crypto history and represented over 60% of all crypto funds pilfered in 2024.
TL;DR Pump.fun is developing a new AMM that could displace Raydium as the primary liquidity provider on Solana, shifting the dynamics of meme coins. The RAY cryptocurrency saw a 28.10% drop in 24 hours due to speculation about the impact of this new AMM. Pump.
Bitcoin and Ethereum weathered Bybit's $1.5B hack but face volatility ahead of Nvidia earnings and the PCE report. Key technical levels could determine the next major move.
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The digital currency market has witnessed fear, uncertainty and doubt (FUD). This was followed the Bybit hack, which caused volatility in the cryptocurrency space.
The crypto market has resumed its downtrend, shedding $40 billion in market capitalization over the past 24 hours.
BRUTO and CYBERTRUMP are up by 1,400% and 5,300% in the past 24 hours, with at least ten other Sonic-based meme coins posting triple-figure percentage gains today. The post Sonic-Based Meme Coins Start Rallying – Is This the Next Solana? appeared first on Cryptonews.
During the week of Feb. 17 to 21, bitcoin ETFs experienced a net outflow of $559 million, marking the second consecutive week of declines. In contrast, ether ETFs saw a modest net inflow of $1.6 million during the same period. Another Week of Significant Outflows for Bitcoin ETFs U.S.
A new week has started with the market's fall, according to CoinMarketCap.
Another crypto market crash is happening, with Bitcoin, Ethereum, Solana, and the Dogecoin price witnessing significant declines. This development comes amid the uncertainty in the market, which is sparking a bearish sentiment among investors.
Amid market uncertainty, Solana (SOL), the world's fifth-largest cryptocurrency by market cap, appears bearish and is poised to continue its decline in the coming days. With this notable drop, SOL has experienced a significant 37% loss in the past 30 days.
The S&P 500 index crashed on Friday, and technicals point to further downtrend this week. It dropped by 104 points on Friday, its worst daily performance this year.
Solana's on-chain struggles persist as daily active addresses hit a three months low of 3.4 million.
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Binance, a prominent cryptocurrency exchange, has sold significant Ethereum (ETH) volumes in the past few hours. This development came after ByBit's CEO announced their exchange reserves had skyrocketed to pre-hack levels.
Wintermute withdrew $40 million in SOL ahead of a $2 billion token unlock, raising concerns over selling pressure as market sentiment worsens.
The crypto industry has plunged into another severe slump, with its total market capitalization plummeting to $3.13 trillion- a decline of 0.84%. As a result, top assets are witnessing substantial losses.
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
Ethereum (CRYPTO: ETH) has seen a 19% decline over the past month, but traders are positioning for a potential rally. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Ethereum (CRYPTO: ETH) $2,683.09 $323.5 billion -4.4% -3.1% Bitcoin (CRYPTO: BTC) $95,838.47 $1.9 trillion -0.1% -0.5% XRP (CRYPTO: XRP) $2.47 $143.8 billion -3% -7.5% Trader Notes: Historically, ETH experiences a sharp wick within two weeks of a Bank of Japan (BoJ) rate hike, according to analyst Benjamin Cowen in a podcast published on Monday.
After months of excitement, the frenzy surrounding the launch of tokens on Solana is slowing down significantly. Pump.fun, the leading platform for launching memecoins, is experiencing a marked decline in its activity and revenue.
Ethereum price remains in a bear market, and three risky chart patterns suggest that it may experience a 20% crash soon.
The expansion significantly broadens trading options for users, reflecting a friendlier regulatory environment in the U.S.
Solana price is about to form a death cross pattern, pointing to more downside as its decentralized exchange volume, active users, and revenue crash. Solana (SOL) token has dived to $159, its lowest level since Nov.
The crypto market remained relatively muted over the weekend as markets steadied themselves after the Bybit hack. Bitcoin (BTC) hovered around $96,000 after falling from a peak of $99,411 to $95,063 before marginally recovering and moving to its current level.
Over the past month, solana (SOL) has plummeted 36% in value relative to the U.S. dollar, a stark decline that coincides with anticipation of a substantial token release. Five days ahead of an 11.2 million SOL unlock slated for Saturday, March 1, the digital currency's downward trajectory has intensified.
Bybit has already filled the $1.4 billion gap in its Ethereum ETH holdings following a hack that led to massive withdrawals.
BitMEX co-founder Arthur Hayes has suggested that Ethereum roll back, essentially cancelling out stolen funds, in the aftermath of the Bybit hack. He reasons that Ethereum did a similar action back in 2016 when a hard fork was created to counteract a major security breach.
Bybit was hit with one of the biggest hacks in crypto history, losing $1.4 billion overnight. But instead of collapsing, it's fighting back at full speed.
Bybit CEO Ben Zhou shared a piece of exciting news with the community on Monday, February 24. The platform's founder said the exchange had fully covered its ETH reserves stolen during Friday's hack on the platform.
ByBit has recovered $1.5 billion in Ethereum (ETH) following a significant security breach. Hackers conducted unauthorized withdrawals of extensive ETH funds from the digital wallet.
In a surprising turn of events, cryptocurrency exchange Bybit purchased around 266,700 ETH worth $742 million in just 48 hours. Blockchain analytics company Lookonchain has kept an eye on this significant transaction following a disastrous $1.4 billion hack that sent shockwaves to the digital asset space.
With a 78% market share, USDC dominates Solana's stablecoin ecosystem, overshadowing Tether (USDT) and other rivals.
The crypto market saw further selling pressure at the start of Monday's trading session, as traders considered recent events from the weekend. Bitcoin and most crypto assets are in the red, continuing Sunday's sell-off.
Stablecoin bank Oxinfin hacker uses 49.5 million DAI to buy 17,696 ETH tokens.
Market intelligence platform CryptoQuant says that the Ethereum (ETH) reserves of Bybit are recuperating after the crypto exchange was hacked to the tune of $1.4 billion.
The recent hack of Bybit has reignited the debate on a possible rollback of the Ethereum blockchain to recover the stolen funds.
On-chain data shows Binance has facilitated withdrawals for millions worth of ETH and SOL in the past 24 hours of trading, what could this mean? According to data from Arkham Intelligence, Binance's holdings has seen a surge in activity in
A storm of controversy has erupted within the Arbitrum decentralized autonomous organization (DAO) as its recently formed Growth Management Committee (GMC) pushes forward a proposal to invest 7,500 ETH from its treasury into decentralized finance (DeFi) protocols that are not native to the Arbitrum ecosystem.