The cryptocurrency space was ripe for a black swan event, and one promptly presented itself with the $1.4 billion Bybit hack. However, unlike previous debacles that led to near-total collapses, the industry has managed this episode fairly well—further highlighting the maturity of the digital asset space.
Liquidation heatmap and the 4-hour chart revealed that SHIB is likely to consolidate within a range in the near-term.
Shiba Inu (SHIB) the top meme coin is showing strong bullish potential with a confirmed double-bottom pattern and rising open interest. Shiba Inu (SHIB) Price Prediction for February 23 After a notable price drop following Bybit's $1.4 billion crypto heist, the overall cryptocurrency market appears to be recovering.
Arkham also offers USDT-based perpetuals trading, though that feature is off-limits for users from the United States.
The recovery marks the most significant recovery from a Lazarus Group attack since $30 million was clawed back from the Ronin bridge hack.
The European Union has approved 10 stablecoin issuers under its MiCA regulations, notably excluding Tether's USDT. This decision raises questions about the future of stablecoin regulation and market dynamics within the EU.
A single transaction totaling 13,046,414 SHIB has recently caught the attention of the Shiba Inu community.
Chainlink price has crashed this year, continuing a trend that started in December when it peaked at a multi-year high of $30.78. Chainlink (LINK) dived to $17.4 on Saturday, down by 43% from its highest level in December.
In the last seven days, Shiba Inu (SHIB) has dropped in value by a significant 8.09%. The dog-themed meme coin has fallen more profound in the previous 30 days, declining by 22.81%.
Cryptocurrency prices fell in the early Saturday trading session, with major cryptocurrencies XRP, Dogecoin (DOGE), Shiba Inu (SHIB) and Cardano (ADA) all in red. Traders had reacted to an over $1.5 billion heist of the Bybit exchange, which analysts claim was the biggest crypto theft ever.
Cryptocurrency analyst and trader Ali Martinez has shared a chart provided by the on-chain data aggregator Santiment.
Shiba Inu price remains bullishly eyed by traders and investors despite the broader market volatility as its burning chronicles constantly kill supply. The latest burn metrics indicated that nearly 128 million SHIB was burnt over the past week.
Bitget Wallet has integrated decentralized lending protocol Aave to allow users to stake USDT and USDC across five blockchain networks while retaining self-custody of 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%.
Bitcoin is showing signs of strength by rallying within a hair of $100,000. Which altcoins will follow?
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Chainlink (LINK) is flashing bearish signals as it forms a pennant pattern, hinting at a potential continuation of its downward trajectory. After struggling to gain bullish momentum, the price remains in consolidation, with sellers keeping a tight grip on the market.
A new player is capturing the attention of investors tired of chasing outdated memecoins. Mutuum Finance (MUTM), priced at just $0.01 in the opening phase of its presale, has already raised over $1 million from more than 1,900 holders.
Shiba Inu has faced significant challenges in recent months, failing to break free from its ongoing downtrend. Despite the altcoin's struggles, recent investor activity indicates a potential shift.
Tether's USDt remains the top traded cryptocurrency on Kraken as it reportedly explores launching its own stablecoin and has to delist USDt in the European Economic Area.
One of the biggest resistance levels in Shiba Inu's recent trading history is currently in the market. It may be difficult for the asset to break through because more than 515 trillion SHIB tokens are positioned at a critical price level.
Kraken is now ready to put an end to all those non-MiCA compliant stablecoins, just like Tether (USDT).
A total of 20,423,263 SHIB have been shifted in one swoop, attracting the attention of the Shiba Inu community.
Shiba Inu price is gearing up for a potential 300% surge as it holds firm above strong support. The leading assets within the crypto market demonstrate a recovery as the broader market experiences small improvements.
The rising supply of stablecoins like USDT and USDC signals potential bullish sentiment, with analysts viewing them as “dry powder” for altcoins rally ahead.
The US-based crypto advocacy group Blockchain Association achieves a milestone by adding 16 prominent web3 projects, bringing total membership close to 100.
Technical analysis shows Shiba Inu breaking out of a Falling Wedge pattern with increased volume, while whale activity and declining futures interest create mixed market dynamics that traders are closely monitoring.
Bitcoin has extended its consolidation below $100,000 since the beginning of February. This price lag has been compounded by a slowdown in bullish sentiment among investors and a slowing euphoria regarding the crypto-positive influences of Trump's new administration in the US.
A widely followed crypto analyst says that decentralized oracle network Chainlink (LINK) is gearing up for a massive breakout. In a new strategy session, pseudonymous crypto trader Inmortal tells his 229,400 followers on the social media platform X that LINK may increase by more than 194% its current value by early next year.
Shiba Inu price has recently broken out of a Falling Wedge pattern, a formation commonly recognized as a bullish reversal signal in technical analysis. The pattern is characterized by a downward consolidation with lower highs and lower lows, which eventually leads to a meme coin rally breakout.
The recent market decline has made it difficult for Shiba Inu to regain its bullish momentum. Technical indicators, however, point to the possibility of a golden cross formation developing earlier than anticipated, which could support a robust recovery for SHIB despite the uncertainty.
Crypto exchanges are increasingly entering the stablecoin market because they want to release their own digital dollar substitutes.
The crypto space has witnessed a significant influx of Tether (USDT) worth $450 million into exchanges throughout February 2025. This surge in stablecoin liquidity has raised interest about its potential to reignite Bitcoin's (BTC) price momentum.
Data shows the Dogecoin Open Interest has seen a large drop recently. Here's how the trend has compared for Shiba Inu and other memecoins.
A federal framework would embolden countless companies to dive into the stablecoin market, according to Chronicle Labs founder Niklas Kunkel.
Shiba Inu dips to $0.00001514, but traders target $0.000078 by summer, while Panshibi sparks meme coin speculation. #partnercontent
Mansa will use the funds to fuel expansion plans across Latin America and Southeast Asia.
With fresh inflows entering the market, will BTC regain momentum or fall into another liquidity trap?
The investment, led by Tether and supported by Polymorphic Capital, Octerra Capital, Faculty Group, and Trive Digital, will facilitate Mansa's expansion into Latin America and Southeast Asia. The post Tether-Backed Mansa Secures $10M for Stablecoin-Driven Cross-Border Payments appeared first on Cryptonews.
Shiba Inu (SHIB) has shown signs of potential recovery despite facing hurdles, with the price hovering around $0.00001534 at press time. However, for a sustainable rally, Shiba Inu must tackle a significant challenge: the decrease in transaction count and its broader impact on demand.
Dog-themed cryptocurrency Shiba Inu recently experienced a remarkable surge in its burn rate, a strategy aimed at lowering SHIB's total supply while potentially increasing long-term value. However, after a period of increase, Shiba Inu's burn rate has now taken a breather, settling at just 1.97% in the last 24 hours.
Reeve Collins, the co-founder of Tether, has announced a new project. This latest project, called Pi Protocol, aims to introduce a yield-bearing stablecoin that could offer users something extra: earnings on their crypto holdings.
Chainlink (LINK) has been showing promising signs of resilience, especially in comparison to many of its high-cap counterparts. The digital asset recently dipped to $17.30 but has avoided a deeper correction, positioning it well for a possible rebound.
Mansa, a Dubai-based fintech, providing cross-border payment services using ptablecoins, has secured $3 million pre-seed funding from Tether and Polymorphic Capital. Mansa, the 2024-founded liquidity solutions provider for global payments, also saw investment in its vision from Faculty Group, Octerra, Trive Digital.
Cross-border payment firm MANSA has secured $10 million in funding, with Tether leading the round. This follows Tethers $3 million pre-seed investment, reaffirming its commitment to MANSAs vision of enhancing global payment liquidity through USDT stablecoin.
Dog-themed cryptocurrency Shiba Inu (SHIB) has been trading down in the last 24 hours; at the time of writing, SHIB was down 0.21% daily to $0.00001538. Weekly, Shiba Inu was recording higher losses, down nearly 7%.
The number of Shiba Inu trillionaires is decreasing in rapid fashion, which could be a signal for the rest of SHIB holders. The on-chain data is certainly not positive, and as large holders decrease their SHIB holdings, the market might see continuous selling pressure.
The altcoin recovery in the broader digital currency ecosystem is underway, and Chainlink (LINK) is riding the train high. Over the past 24 hours, Chainlink has flipped Stellar (XLM) in market cap rankings to reenter the top 10 list of the most capitalized coins.