Bitcoin's price fell 3.07% to $95,086 on Feb. 21, 2025, as markets reacted to a $1.4 billion hack at Bybit and technical indicators signaled bearish pressure.
New data from market intelligence firm Santiment reveals three signals that possibly indicate an upcoming bull run for Bitcoin (BTC).
Today, Bybit experienced a massive hack from Lazarus Group that wiped out 400,000 ETH worth around $1.5 billion from its cold wallets today and shortly after said it was gonna get some loans to settle users.
The total crypto market cap shed over $150 billion since the incident.
Following the Bybit hack, the team organized a livestream to deliberate on the recent billion-dollar hack that transpired on the exchange. Bybit's founder Ben Zhao clarified that the platform was undergoing “massive withdrawals” but emphasized, “It's not an issue—We have enough tokens to give to clients.
Bitcoin price staged a recovery this week, but data shows traders reducing their appetite for risk.
Financial markets do not only react to numbers but also to the feelings and expectations of investors. In the crypto universe, where volatility is the norm, every signal emitted by a major institution can influence trends.
Strategy co-founder Michael Saylor has urged the US government to acquire up to 20% of Bitcoin's (BTC) total supply, arguing that doing so could strengthen the dollar and potentially offset the national debt. Speaking at the Conservative Political Action Conference (CPAC) on Feb.
The altseason is potentially not predominantly dependent on BTC.D, but rather the trading volume.
Microsoft has presented a ground-breaking quantum computing technology that has the potential to transform the future of Bitcoin and cryptography. The tech behemoth unveiled the Majorana 1 chip, a game-changing step towards creating a utility-scale quantum computer.
Bitcoin drops to $95,600 amid weak US bond demand and a falling US Dollar Index. Can BTC sustain its rally? Read the latest analysis. The post Bitcoin at Risk? Weak Demand for US Bonds Raises Alarm Bells appeared first on Cryptonews.
Japan's first and only publicly listed Bitcoin (BTC) treasury company now owns one in every 10,000 of the king coin's capped supply. In a statement, the Japanese hotel and investment firm Metaplanet says that its Bitcoin holdings have reached 2,100 BTC, or 0.
Bitcoin (BTC), the leading digital currency, has shocked the broader cryptocurrency market with its price trajectory. Massive movements on the network have impacted prices in the last couple of hours, which might see the coin reclaim $100,000.
Bybit Co-Founder and CEO Ben Zhao said all client withdrawals will be processed, even if they are under review, following the firm's $1.4 billion hack Friday morning.
Bitcoin has soared past the $98,000 on Thursday, fueling intense debate among traders over whether the $100K milestone is again within reach or if the current rally is vulnerable to a swift correction. Behind the scenes, market observers point to surging open interest (OI) and increased leverage, spotlighting the possibility of a leverage-driven push.
Top cryptocurrencies—including Bitcoin, Ethereum, and Dogecoin—have nosedived amid rough inflation data and Friday's Bybit exchange hack.
Bybit, one of the world's largest cryptocurrency exchanges, fell victim to a massive security breach on February 21, 2025, resulting in the loss of more than $1.4 billion worth of digital assets.
On-chain data shows Bitcoin (CRYPTO: BTC) has maintained its strength comparatively to overall crypto market volatility as a major market move may be imminent. What Happened: In a post on X on Friday, analytics provider Glassnode showed meme coins experiencing sharp declines, with TRUMP (CRYPTO: TRUMP) dropping by 33.1% and Shiba Inu (CRYPTO: SHIBA) falling by 27.9%.
Bybit loses $1.4B in hacked wallet transfer, remains solvent despite the breach as Ethereum price drops 2%.
The co-founders of market intelligence firm Glassnode say that Bitcoin (BTC) is suddenly looking less bearish based on a key metric. In a new thread on the social media platform X, Jan Happel and Yann Alleman – who go by the handle Negentropic – say that Bitcoin's Risk Signal is flashing bullishness.
The American economy is facing a dynamic that could disrupt the existing balances: demand for long-term Treasury bonds is weakening, calling into question the strength of the dollar and fueling new economic uncertainties. As the Federal Reserve remains committed to a delicate monetary policy and inflation struggles to slow down, Bitcoin finds itself at a strategic crossroads.
Ben Zhou, ByBit CEO, assured the public that user funds were safe and the platform could cover losses from the largest crypto exchange hack in history.
Utah advances its Bitcoin reserve bill as Microsoft's quantum chip raises security concerns for BTC.
Looking at the current market sentiment and ongoing liquidations, it appears that the crypto market is crashing today. However, this market crash comes after several positive developments in recent days.
Jurrien Timmer, director of global macro at Fidelity, has once again drawn parallels between Bitcoin and gold, claiming that these two assets are playing on the same team.
It has been a rough couple of years for ETH, hasn't it? The jokes, the memes, the endless debates about its relevance.
The 90-day moving average of altcoin trading volume on centralized exchanges has risen since mid-November, potentially signaling the start of an altcoin season, according to CryptoQuant. CryptoQuant CEO and founder Ki Young Ju shared data showing the trading volume ratio of altcoins compared to Bitcoin (BTC) rose from 1.77 to 2.77 as of Feb. 20.
Bitcoin (BTC) has made modest strides in the past 24 hours, with the price rising by 1.02%. While this uptick might seem minor, a significant shift in the behavior of Bitcoin's long-term holders (LTHs) has caught the attention of market analysts.
Ethereum (ETH) has dropped by 3.6% in the past couple of hours as Bybit, the second-largest exchange in the world by spot trading volume, confirmed that it was hacked.
Bitcoin is showing signs of strength by rallying within a hair of $100,000. Which altcoins will follow?
Is quantum computing threatening Bitcoin sooner than expected? On Wednesday, Microsoft unveiled its first quantum computing chip, dubbed “Majorana 1.
Bybit founder Ben Zhou has raised concerns that multisig wallet provider Safe may have been compromised, allowing hackers to steal $1.4 billion in Ethereum (CRYPTO: ETH). Speaking in a live stream, Zhou explained that the attack targeted Bybit's Ethereum cold wallet, but all other wallets, including its Bitcoin (CRYPTO: BTC) reserves, remain unaffected.
Acre, a pioneering Bitcoin platform, revealed today via a X post the successful closure of a $4 million strategic funding round, elevating its valuation to $90 million. The investment underscores growing confidence in Acre's mission to provide Bitcoin holders with secure, native compounding opportunities while bolstering decentralized networks' economic security.
VanEck's Head of Digital Assets Research, Matthew Sigel, has laid out a vision for how the U.S. Treasury could use Bitcoin (CRYPTO: BTC) to strengthen its balance sheet. What Happened: In a post on X on Friday, Sigel highlighted VanEck's estimates that if Bitcoin appreciates at 25% annually—rising from $100,000 today to $21 million per BTC by 2049—the reserve could offset 18% of the projected U.S. debt.
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Bitcoin continues its spectacular rise in early 2025, reaching $98,404 on major exchange platforms. This increase comes against a backdrop of growing institutional adoption and promising technical signals, as traditional markets like gold and the S&P 500 also set new records.
Ethereum has yet to return to its all-time high for over three years, a stark contrast to Bitcoin, which has surged past many price levels in the current cycle. Despite being the second-largest cryptocurrency, Ethereum has struggled to keep up with the broader market even during price rallies.
BNB Chain announces the Pascal hard fork to improve Ethereum compatibility, introducing native smart contract wallets and enhanced cryptography. Scheduled for February 2025 on testnet and March 2025 on mainnet.
Strategy aims to raise $2 billion in additional funding through a private offering of 0% convertible senior notes. In a statement, the largest corporate holder of Bitcoin (BTC) says the proceeds will be used for general corporate purposes, including the acquisition of the flagship crypto asset and working capital.
Mutuum Finance (MUTM) is rapidly emerging as a breakthrough force in the crypto market, with its opening phase of the presale already surpassing $1 million in funding and attracting over 1,900 holders.
Bybit co-founder and CEO Ben Zhou said Friday that the platform is struggling to keep up with withdrawal requests after a $1.4 billion hack.
Cryptocurrency exchange Bybit said on Friday that an attacker gained control of an ether wallet and transferred the holdings to an unidentified address.
In a tweet, legendary trader Peter Brandt drew attention to a key time frame for Bitcoin (BTC) holders, suggesting that Feb. 24-26 could be a pivotal period for the market.
The Singapore-based crypto exchange Bybit says it's suffered a major security breach involving its Ethereum (ETH) cold wallet. According to the crypto analysis firm Arkham, about $1.4 billion in ETH and stETH has been taken.
Recent fluctuations in Ethereum's price range have become a point of focus for both market analysts and investors. Currently, Ethereum (ETH) trades at approximately $2,818, indicating that the market is moving cautiously. Key price levels are expected to significantly influence Ethereum's price trajectory 1in the near term.
BN Fondos has launched the first Bitcoin and S&P 500-focused investment funds in Central America, positioning itself as a pioneer in the region's financial sector.
TL;DR Bybit suffered a cyber attack, resulting in the theft of over $1.4 billion in stETH and MegaETH (mETH). The exchange's CEO confirmed that the attackers manipulated a transaction in a multisignature wallet to steal funds, but assured that the other cold wallets are secure.
Altvest Capital has picked Bitcoin as its treasury asset, citing superior security, liquidity, and store-of-value characteristics over other digital assets.