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news-imageFebruary 24, 2025

Why did the price of Ethereum rise after the Bybit hack?

The price of Ethereum recorded an increase after the hack against Bybit, one of the main cryptocurrency exchanges.
Publisher: The Cryptonomist
Sentiment: Positive
ETH

More News Articles

Neutral
cover-imageBenzinga
February 24, 2025

Ethereum Down 19% In A Month: Could Japan's Rate Hike Spark a Rally?

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.

Negative
cover-imageZycrypto
February 24, 2025

Ethereum Rollback Suggested After $1.5 Billion Bybit Hack

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.

Neutral
cover-imageAltcoin Buzz
February 24, 2025

Bybit Covers ETH Loss After $1.4B Hack

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.

Positive
cover-imageCoingape
February 24, 2025

Bybit Acquires 100% Ethereum Lost From the Hack In 48 Hours

Crypto exchange Bybit has initiated quick measures to recover from the hack over the past weekend gathering nearly $700 million worth of Ethereum in just 48 hours of the hack. The crypto exchange has gathered a total of 254,830 ETH in the form of OTC deals and loans sourced from multiple players.

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