Over $1.1 billion has left the ETFs since February 6.
Bybit's near $300 million Ether buy may contribute to a potential rally above the $3,000 psychological mark.
Ethereum (ETH) has shown signs of recovery after a sharp decline caused by the Bybit hack, which impacted its price. Despite this bounce back, ETH is still down nearly 18% over the past 30 days, reflecting continued volatility.
Cryptocurrency firm Bybit has restored nearly half of its Ether (ETH) reserves after a massive crypto hack that rattled the global Web3 industry.
Cathie Wood is known for her exciting and optimistic long-term growth projections. Her investment fund has jumped into some of the trendiest companies and securities of the last decade.
Ethereum's price action has been volatile in recent weeks, but the asset encountered a significant resistance zone. With strong selling pressure likely at this level, a rejection followed by a short-term decline appears probable.
Bitcoin price faces $95K resistance amid whale accumulation and rising M2 money supply. Will BTC break $97K or face a pullback? Explore key insights. The post Analysis: Will Bitcoin Price Hold at $95K Resistance or Is Rally Ahead? appeared first on Cryptonews.
Bybit CEO Ben Zhou has pledged to pursue all possible avenues to recover the funds stolen during the recent hack linked to the Lazarus Group. The post Bybit CEO Vows to Recover Stolen Funds, Discusses Possibility of Ethereum Blockchain Rollout appeared first on Cryptonews.
The market is neutral on the last day of the week, according to CoinMarketCap.
A death cross, when the 50-day moving average crosses below the 200-day moving average, has been formally confirmed by Ethereum. The indicator could be a herald of progressing pressure on the market, pushing Ethereum even lower.
Bitcoin is showing signs of strength as buyers step in following a period of heightened volatility. After experiencing a sharp price drop near $100,000, BTC has found temporary stability, suggesting that selling pressure may be easing.
Bitcoin is showing technical indications of a price recovery as longer-term moving averages are slowly moving forward. The weekly moving average chart is showing that the asset is moving above WMAs, with the 50-week SMA sitting at $74,890 and the 20-week SMA at around $91,070.
The crypto market is often unpredictable, but this time, some investors are looking not at technical charts, but at the sky. Indeed, on February 28, a rare alignment of seven planets (Mars, Jupiter, Saturn, Venus, Uranus, Mercury, and Neptune) is drawing the attention of astrologers and the crypto community.
Declining active supply is indicative of reduced interest from new traders.
Tim Beiko, one of Ethereum's lead developers, has clarified that the blockchain cannot be rolled back following the devastating $1.4 billion hack that took place Friday.
According to data provided by crypto analytics platform CryptoQuant, Bybit's Ethereum (ETH) reserves are in the process of recovering.
Bitcoin advocate Samson Mow says Ethereum should undergo a hard fork after North Korean hackers stole a staggering $1.4 billion in ETH and stETH by exploiting crypto exchange Bybit.
OM is among the very few altcoins with substantial price movements over the past day.
Can white-hat hackers outsmart the Lazarus Group and recover stolen ETH?
Bybit also received $390 million worth of emergency transfers from other crypto exchanges.
Ethereum (ETH) has faced a turbulent period in recent weeks, with its price showing some signs of consolidation around the $2.6k mark in February. While this has raised hopes of a recovery, on-chain metrics indicate that strong selling pressure could limit Ethereum's potential upside, and there may even be a deeper drop on the horizon.
The price of Bitcoin looked set to reclaim $100,000 on Friday, rallying on the back of the United States Securities and Exchange Commission's (SEC) decision to drop the lawsuit against crypto exchange Coinbase. However, the premier cryptocurrency failed to capitalize on this momentum shift following the $1.4 billion exploit of the ByBit exchange.
The altcoin market took a severe hit last weekend with a $1.5 billion hack on the Bybit exchange, causing a sharp decline in several altcoins. However, traders are now bullish about a strong recovery in altcoin prices, following Bitcoin's surge toward the $100K mark.
A crypto strategist known for making timely Bitcoin calls believes that BTC will print a new all-time high in a couple of months. Pseudonymous analyst Credible Crypto tells his 462,900 followers on the social media platform X that he thinks Bitcoin is trading in a wide range between $110,000 and $88,000.
Ethereum core developer Tim Beiko has cautioned against any potential move to roll back the Ethereum network.
According to the latest report from CryptoQuant, Bybit ETH reserves are gradually recovering after a significant decline caused by a hack. The incident led to a sharp drop in Bybit's ETH reserves, falling from 443,691 ETH to a low of 63,807 ETH.
Bitcoin's (BTC) volatility has recently dropped to one of its lowest points in years, with its one-week realized volatility now sitting at 23.42%. This level is approaching historical lows and has only been breached a few times in the past four years.
A South African investment firm, has invested in bitcoin as a treasury strategy, aiming to bolster financial resilience and shareholder value. Altvest Capital to Invest Only in Bitcoin A South African alternative investment firm, Altvest Capital Ltd., announced its first investment in bitcoin (BTC) as part of a strategic treasury management initiative.
Ethereum's (ETH) market has been rocked by a major hack on the Bybit exchange, which saw over 405,000 ETH, valued at roughly $1.1 billion, stolen from the platform. Despite the market jitters caused by this breach, Ethereum whales—large holders of ETH—have been aggressively accumulating the cryptocurrency, purchasing an astounding 140,000 ETH in just a single day.
With Bitcoin still trading below the key $100,000 level, traders say a move back to $106,000 is needed to confirm the uptrend. However, some think a dip to $85,000 is still on the table.
Crypto Highlights This Week: The broader market concludes another interesting week, primarily keeping investors on their toes. Cryptocurrency exchange behemoth Bybit suffered a $1.4 billion hack this week, whereas BTC and altcoins remained stagnant despite market advancements.
El Salvador's pause in Bitcoin purchases may signal a shift towards more traditional financial strategies to secure international support. The post Has El Salvador halted daily Bitcoin purchases amid IMF loan agreement?
Bitcoin struggles below $100K for 15 sessions as ETF outflows, Fed uncertainty, and Trump's tariff threats weigh on market sentiment. Will BTC rebound soon?
President Donald Trump announced the end of the Biden administration's “war on bitcoin and crypto” during a speech this week at Miami's FII Priority Summit, vowing to solidify the U.S. as the world's undisputed leader in digital currency innovation.
Ethereum core developer Tim Beiko says that despite growing calls for an Ethereum network rollback, it is “technically intractable.”
Ethereum core developer Tim Beiko says that despite growing calls for an Ethereum network rollback, it is “technically intractable.”
Bybit, a popular crypto exchange, is reeling from the massive hack worth $1.5 billion in digital assets. According to reports, the hackers targeted the crypto exchange's cold wallet, an offline storage system, to steal the exchange's assets, primarily Ether.
Metrics showed that there was a chance of a deeper Ethereum price drop towards $2.1k.
Following a brief ascent above $99,000 on Friday, the Bitcoin market experienced a negative end to the past trading week as prices crashed below $96,000 in a sharp descent. Based on these happenings, the premier cryptocurrency remains in consolidation with little indication of its long-term price movement.
Marc Boiron, CEO of Polygon Labs, expects BTC to reach $250,000, believing that the token's long-term growth is inevitable despite short-term market volatility.
Bitcoin's price rally may be under threat as it continues to trade under $100,000. According to analysts at JPMorgan, there's been a notable decline in institutional interest in the crypto industry, particularly through Bitcoin and Ethereum futures contracts.
Ethereum (ETH) appears to be positioning itself for a significant market move, but the question remains: In which direction will it go? Recent market developments, including major shifts in Ethereum's exchange netflows and changes in its Futures Open Interest, have raised discussions about the token's potential for recovery.
Bitcoin's volatility is now at one of its lowest levels in years. What does this mean?
Tim Beiko, an Ethereum Foundation lead developer, has broken the silence on the proposed plan to rollback the ETH network. In what he categorized as the ELI5 explainer to non-technical community members, Beiko explained why a rollback is impossible.
The Ethereum price appeared to be finally gearing for a strong bullish breakout after multiple weeks of disappointing and sluggish action. However, this bullish dream ended almost immediately after it started as nearly $1.5 billion worth of ETH tokens were drained from the ByBit exchange.
VanEck has announced a bold prediction that Bitcoin will play a critical role in managing the United States' rising national debt. The study, based on Senator Cynthia Lummis' proposed Bitcoin Act, shows that a strategic Bitcoin reserve may partially balance the country's debt by 2049.
Following the Lazarus hack, an online debate erupted about potentially rolling back the Ethereum blockchain to invalidate the stolen funds.
Bitcoin (BTC) has faced a series of bearish indicators in recent weeks, casting doubt on its near-term prospects. Recent market data has shown declining investor interest, particularly from U.S. investors, combined with weaker retail activity.