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Bybit has returned the 40,000 Ethereum loan, valued at roughly $99.98 million, obtained from Bitget following the recent $1.4 billion security incident. Blockchain analysis platform Lookonchain reported that the repayment occurred on Feb. 24, with Bybit transferring the funds from its cold wallet back to Bitget.
Ethereum has faced multiple rejections at its resistance level over the past two weeks, intensifying selling pressure and pushing it towards its support zone in recent hours. ETH is in an oversold zone according to the RSI, indicating high bearish pressure with the possibility of a technical rebound.
On-chain data highlighted that Bybit exchange transferred 40,000 Ethereum worth approximately $100 million back to Bitget.
Ethereum crashes below $2,500 as the crypto market drops over 10% in 24 hours. Bitcoin dips under $90K, raising concerns of further ETH declines to $1,800.
Bitcoin plunged to a three-month low below $88,000 Tuesday morning, dragging the wider crypto market down with it.
Ethereum price is having its worst February performance in history. Despite this dip, the Ethereum (ETH) Cost Basis Distribution shows that instead of completely exiting their positions, investors are accumulating ETH at lower prices.
The crypto market plunged into the red, shaving off over $230 billion after President Donald Trump announced that tariffs on Canada and Mexico would be effective in March. As a result, market sentiment sank to extreme fear, with cryptocurrencies registering significant losses.
Ethereum (ETH) plunged over 5% on Tuesday to $2,375, with its 50-day simple moving average (SMA) nearing a crossover below the 200-day SMAa formation known as the death cross. This technical pattern suggests weakening short-term momentum and could signal a larger bearish trend.
Ethereum (ETH) has dropped 11.5% in the past 24 hours, bringing it dangerously close to triggering massive liquidations on MakerDAO. On-chain data reveals that three major positions, valued between $109 million and $126 million each, will be liquidated if ETH falls to $1,926, $1,842, and $1,793.
In the aftermath of the Bybit hack, the crypto market sell-off is deepening, with combined crypto liquidations reaching $1.34 billion in the past 24 hours. While Bitcoin (BTC), Ethereum (ETH) and XRP are leading this sell-off, almost all altcoins in the top 100 are experiencing massive price drawdowns.
ETH needs to drop another 19% to trigger the first liquidation.
Massive ETH shorts risk liquidation at $3,000 as price gear up for potential uptrend.
Ethereum's Pectra upgrade stalled during its first testnet deployment due to execution client bugs, but testing will continue with the upgrade still expected to bring important improvements including increased validator limits and better Layer-2 scaling.
The crypto market crash plunges Ethereum (ETH) 15% to revisit $2,300 levels. Amid the crash, the silver linings shine bright and tease a potential to buy at discount prices. Will this downfall record a quick V-shaped reversal in ETH prices?
Ethereum's price shows mixed signals as retail traders increase short positions despite a bullish MACD crossover, with the cryptocurrency trading above $2,775 but facing potential pullback toward $2,700 amid large transfers from Binance to exchanges.
Ethereum (ETH) has recently seen a noticeable shift in investor sentiment, as retail traders increasingly position themselves against the cryptocurrency. This change comes despite bullish indicators, including a MACD crossover confirming a potential price increase.
Cryptocurrencies bitcoin and ether dropped to multi-month lows on Tuesday, caught up in a general cross-market sell-off, and as traders continued to process last week's hack of $1.5 billion worth of ether from cryptoexchange Bybit.
Crypto exchange Bybit has recently announced that it has replenished its reserves following its staggering $1.5 billion hack, marking the largest breach in the history of the cryptocurrency industry.
Ether is on the verge of slipping into a death cross, an ominous momentum indicator, with a mixed record of predicting price trends.
Historically bullish, February turns red for Ethereum as economic uncertainty, Trump's tariffs, and the Bybit hack push ETH below $2,400.
The Bybit hack, which resulted in the loss of $1.4 billion in Ethereum-related tokens, has sparked debate over its root cause.
Bybit swiftly repaid the 40,000 ETH loan from Bitget, ensuring smooth withdrawals after a $1.4 billion hack attributed to the Lazarus Group.
Bybit has transferred nearly $100 million worth of ETH back to Bitget. Bitget loaned 40,000 ETH to Bybit immediately after the $1.4 billion hack.
Amid broader crypto market correction, Ethereum price has tanked by a solid 8% today slipping under $2,500 levels. The world's largest altcoin is on the path to registering its worst February in history, with more than 23% fall already so far this month.
