Bitcoin has been on a remarkable recovery path, with many predicting the cryptocurrency could soon break the $100,000 barrier. However, recent trends suggest that this rally may face significant challenges.

The crypto exchange ByBit has been hacked, and roughly $1.5 billion in Ethereum (ETH) has been stolen — making this one of the biggest hacks in history. On Feb. 21, the crypto trading platform stated on social media platform X that it detected unauthorized activity involving one of its Ethereum cold wallets.

In a development that could have a significant impact on the Ethereum price, cryptocurrency exchange Bybit has confirmed a major security breach involving its ETH cold wallet.

A Fidelity Digital Assets report indicates that Bitcoin's primary scaling solution is growing at roughly twice the rate shown by public data because much of its network activity remains private.

Bybit founder Ben Zhou has confirmed that the cryptocurrency exchange suffered a $1.4 billion Ethereum (CRYPTO: ETH) hack, making it one of the largest security breaches in recent history. The attack, which targeted Bybit's Ethereum cold wallet, resulted in the loss of 401,347 ETH ($1.12 billion), 90,376 stETH ($253 million), 15,000 cmETH ($44 million), and 8,000 mETH ($23 million), according to Onchain Lens.

Bybit confirmed its multi-sig cold wallet was breached hours after the crypto exchange increased access to liquidation data for transparency.

Conference Bitcoin Afrique aims to empower the French-speaking Bitcoin community across Africa.

It will mark the first time that Costa Ricans will have access to any type of crypto investment product through the country's banking system.

South African AltVest Capital plans to add Bitcoin to its treasury reserve. AltVest Capital plans to raise $10 million to buy more Bitcoin.

The crypto market experienced a significant downturn after Bybit, a prominent cryptocurrency exchange, announced a devastating hack involving $1.5 billion worth of cryptocurrencies. This incident marks the largest crypto hack to date. Recent updates, including statements from the CEO, confirm that Bybit was compromised, resulting in the loss of approximately $1.5 billion in Ethereum.

On Friday, onchain investigators including Arkham Intelligence and Zachxbt identified an alleged “security incident” involving more than $1 billion in outflows from Bybit. Onchain Experts Report $1B+ Outflow From Bybit in Latest Security Incident The incident saw $1.

Crypto exchange Bybit was attacked Friday, CEO Ben Zhou confirmed, with more than $1.4 billion worth of funds apparently swiped.

Bybit confirmed a series of malicious transactions, which redirected $1.46B from its cold wallets to unauthorized addresses.

Cryptoquant founder and CEO Ki Young Ju has revealed that the altcoin season has kicked off because stablecoin holders were favoring alts. Altcoins volume has also reached 2.7x that of Bitcoin.

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A hacker took control of an ETH cold wallet on the Bybit exchange on Feb. 21, stealing over $1.4 billion in funds.

Bybit, the Singapore-based centralized crypto exchange, according to several crypto security experts and researchers.

The move happened as crypto exchange Bybit saw a sudden $1.4 billion worth of ETH outflow.

FPPS is not a sustainable model for pooling mining operations in the long term.

BTC traded as high as $99,497.97 before retreating, but the dominant digital asset has been gradually edging towards the $100,000 barrier, with bears getting squeezed on shorts to the tune of $128.35 million. Bitcoin Nears $100K But Meets Resistance Bitcoin (BTC) is edging closer to the highly anticipated $100,000 milestone, trading at $99,207.

In a developing story, the Bybit exchange is suspected to have been hacked for over $1.4 billion. This comes following a report from on-chain sleuth ZachXBT about ETH outflows from the crypto exchange.

BTC dumped by over two grand within minutes.

A recent report shows Russia's Bitcoin mining sector expanded 7% in 2024, reaching 136,600 units, driven by an increase in mining farms. However, this growth raises concerns about energy consumption, regulation, and the strain on Russia's power grid, as many mining operations remain unregistered. The post Russia's Bitcoin Mining Sector Records Growth as Mining Farms Increase by 7% in 2024: Report appeared first on Cryptonews.

Donald Trump's interest in the world of cryptocurrencies is not new, but his recent approach to crypto regulation could represent a decisive turning point for the sector as a whole, thanks to the idea of a Bitcoin reserve.

Bitcoin is targeting six figures as a welcome break from rangebound trading continues for BTC price bulls.

Ethereum has been attempting to reclaim the $2,800 level for days, but bears continue to apply selling pressure, keeping the price below this key resistance. Despite this, demand remains strong, with bulls successfully holding ETH above the crucial $2,600 support level.

Bitcoin jumped to its highest price in more than a week Friday after Coinbase said the SEC will drop its charges, pending approval.

Pepe coin has entered a bear market this year after plunging 65% from its all-time high. Pepe (PEPE), the second-biggest Ethereum (ETH) meme coin after Shiba Inu (SHIB), has plunged to the key support at $0.000010.

The SEC's latest move towards dropping its lawsuit against Coinbase could not only boost sentiment for crypto tokens once considered securities under the previous administration but also positively impact Robinhood's (HOOD) stock, a major player in the crypto exchange space.

Ethereum price is on a strong upward momentum, supported by a favourable crypto market sentiment, as well as DeFi and ETF growth.

BlackRock's Bitcoin ETF now holds over 50% of the market despite rising outflows, while Bitcoin's price remains resilient amid industry concerns over price action.

Michael Saylor proposes a bold vision: the United States should acquire 20% of the circulating bitcoins. In a speech at CPAC, he stated that such a strategy could not only strengthen the dollar but also help pay off the national debt.

In just over a year since their introduction, U.S. spot Bitcoin exchange-traded funds (ETFs) have reached a significant milestone, surpassing $750 billion in total trading volume.

Bitcoin (BTC) picked up momentum as it climbed above $98,000, as short-term bulls eye the $100,000 level. A break above this level could power BTC towards $105,000.

This week in crypto has been packed with major developments, from mainnet launches and legal drama to attempts at cracking longstanding mysteries.

Today, at Consensus Hong Kong, Jason Fang announced the MicroStrategy 2.0 framework for Asia. The framework leverages structured products to generate Bitcoin yield, allowing retail investors to enhance performance without the need for private key management.

The financial services giant Franklin Templeton has launched a mixed Bitcoin (BTC) and Ethereum (ETH) spot exchange-traded fund (ETF). Coinbase will provide custody services for the new Franklin Crypto Index ETF (EZPZ), the firm's third crypto exchange-traded fund. Franklin Templeton also launched single-asset Bitcoin and Ethereum ETFs last year.

Bitcoin, the first and largest cryptocurrency by market capitalization, has been consolidating for weeks and is trading within a relatively stable range of $93,000-$98,000.

Bitcoin price broke above $99k for the first time in two weeks, and a third successive daily gain above 1% signals strong upside.

On-chain data analysis shows the Ethereum network has recorded a 12.1% increase in new addresses during the past week.

The agency's withdrawal of the lawsuit could boost crypto prices, marking a milestone in U.S. regulatory oversight for the digital asset industry.

According to Glassnode's latest The Week On-Chain report, Bitcoin (BTC) must remain above the Short-Term Holder (STH) cost basis to avoid potential downside risks. Historically, this price level has served as a crucial pivot point between local bull and bear market phases, making it a key area to watch.

The new solution from BitDCA is coming in the next few weeks.

Ethereum is facing a crucial resistance region, including the 200-day moving average and the descending wedge's lower boundary. The price action at this level is critical, as a potential rejection could lead to a decline toward the $2.5K threshold.

Czech fintech firm BitDCA has integrated Visa and Mastercard support into its upcoming microsaving app, Littlebit, to allow users to invest in Bitcoin through everyday spending. According to a press release shared with crypto.

A Copper analyst suggests that plans to audit Fort Knox's gold reserves could potentially drive investors toward bitcoin.

Ethereum (ETH) price trades today at as of as China's M1 money supply nearly doubled from 60 trillion Yuan to 112 trillion Yuan. Ether prices hit a daily high of today after rising % on.

Coinbase has reached an agreement with SEC staff to dismiss its enforcement case pending final approval from the Commission, pushing Bitcoin back over $99,000. The agreement follows a protracted legal dispute that raised questions about regulatory authority and asset classification.