The Ripple-associated cryptocurrency has seen a 54.05% spike in trading volume, reaching $5.76 billion, according to CoinMarketCap.
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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.
Analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) as the flagship crypto asset hovers below the $100,000 price.
The metric dumped from over $3.4 trillion to under $3.3 trillion after the hack againt Bybit.
Bitcoin's holders aren't quite in sync over what they are expecting from the crypto's price next.
In an X post published yesterday, Coinbase CEO Brian Armstrong claimed that his company had reached an agreement with the US Securities and Exchange Commission to drop the regulator's legal action against the exchange. Armstrong's post has created excitement in the crypto community. Ripple CEO Brad Garlinghouse has responded enthusiastically to the post.
Ripple has been trading with minimal momentum, exhibiting quiet price action above the 100-day moving average. This low-volatility consolidation phase suggests a temporary market equilibrium, likely to persist until a decisive breakout sets the next trend direction.
Bitcoin is struggling with low trading activity and weak momentum, leading to subdued price action near the 100-day moving average. However, a strong bullish rebound remains possible, contingent on a return of sufficient liquidity to the market.
Bitcoin could be eyeing a recovery above $100k; here's what happened this week.
The recent Bybit hack, which led to a loss of $1.4 billion, has raised serious concerns in the crypto space. The attackers managed to compromise Bybit's ETH cold wallet, transferring the stolen funds into one address before spreading them across multiple wallets.
The $1.4 billion Bybit hack has sparked chaos in the crypto community, triggering massive asset transfers to and from the exchange. In a surprising turn of events, billions of tokens, including Bitcoin and Ethereum, have been transferred to Bybit as a show of support.
The race to establish Bitcoin as a state-level strategic reserve asset has taken a decisive step forward in the Beehive State. On February 20, House Bill 230 (HB230), also known as the “Blockchain and Digital Innovation Amendments,” passed the Senate Revenue and Taxation Committee in a 4-2-1 vote.
After a brief upswing, the Bitcoin price is close to dropping back below $96,000, which could push it into a deep bearish well. The market sentiments have again returned to fear of being neutral, suggesting the traders seem uncertain about the next price action.
North Korean hacking group Lazarus just started laundering 5,000 ETH from the Bybit $1.5 billion hack, kicking off their typical complex operation to clean the money.
Ripple's XRP has been facing a challenging period, trading slightly below the $2.60 mark, showing a drop of over two percent. In fact, the cryptocurrency has erased all the gains from the past week and is down more than 8% at the time of writing.
In a recent tweet, finance veteran Gary Cardone shared that he had sold his entire XRP position at $2.71, liquidating an $80K portfolio. With 40 years of experience in the finance world, Cardone explained the reasoning behind his decision, drawing from his time-tested investment principles.
A former cryptocurrency exchange executive remarked that Bitcoin is an inescapable reality, a statement that stirred a discussion within the crypto community. The comment made by the former CEO of Binance, Changpeng Zhao, was a reaction to the report that another American state sought to establish a local version of US President Donald Trump's proposed Strategic Bitcoin Reserve.
Bitcoin and Ethereum may be holding steady on the price front, but that's not the whole story.
The launch of bitcoin and ether ETFs on the Australian Securities Exchange (ASX) by Betashares provides Australian investors with a regulated and accessible way to gain exposure to digital assets.
The total value of all cryptocurrencies in circulation hit a new record high of $3.9 trillion in December, led by surging gains in some of the industry's most popular coins and tokens, like XRP (XRP -3.93%), Dogecoin (DOGE -4.51%), and Bitcoin (BTC -2.11%).
Ethereum (ETH) is making waves again in the cryptocurrency market, as analysts predict the potential for a new all-time high (ATH) by 2025. This forecast is rooted in Ethereum's historical price cycles, its ongoing network growth, and rising on-chain activity.
The crypto market faced a huge shock when 401,346.76 ETH worth $1.5B was drained from ByBit's wallets on Friday. Ethereum (ETH) price dropped 8% on February 21 due to this security incident.
Following Trump's watershed speech at the Nashville Bitcoin conference in July 2024, Sen. Cynthia Lummis introduced her Bitcoin reserve bill, explicitly articulating that it is aimed to reduce U.S. debt.
A crypto strategist known for making timely Bitcoin calls says BTC may print new all-time highs if it can pull off one key thing.
Bitcoin maximalist and JAN3 boss Samson Mow calls for the Ethereum chain to be rolled back after North Korean hackers have exploited the Bybit exchange, stealing a whopping $1.4 billion worth of Ethereum.
Microsoft's Majorana 1 quantum chip, unveiled in February, is prompting renewed discussions about Bitcoin's vulnerability to quantum computing.
The year 2024 was not only a boom year for Solana, but it was also a bear year for Ethereum.
The crypto-market is rocking once again after one of the biggest hacks ever.
The recent Bybit hack of $1.5 billion has raised serious security concerns, with reports confirming the attackers used a highly sophisticated method to drain millions in crypto assets. Crypto analyst David Leung has provided a detailed breakdown of how the attack unfolded, revealing major lapses in Bybit's security.
According to an X post by crypto analyst Ali Martinez, Bitcoin (BTC) is witnessing a decline in sell-side pressure, indicating that a local market bottom may soon form for the premier cryptocurrency. Bitcoin Local Bottom On The Horizon?
I would support it because we already voted no on immutability in 2016, Hayes said on X. Others are worried that a potential rollback would hurt the Ethereum ecosystem.
North Korean hacker group Lazarus has been linked to the massive $1.5 billion Ethereum (ETH) heist on the Bybit exchange. As market jitters grow of a looming ETH sell-off when these hackers start cashing out, crypto traders are rushing to identify the best crypto to buy if Ethereum price experiences violent swings.
DOGE is currently down by over 30% on a monthly scale.
At the start of this month, the price of Bitcoin was around $102,398.17. Since then, the market has experienced a decline of 5.77%. In the previous month, the market witnessed a surge of at least 9.54%. Unsurprisingly, a report suggests that large BTC holders have seen lower realised profits this month compared to January.
The cryptocurrency market experienced a downturn following a major security breach at Bybit, where hackers managed to drain $1.4 billion in Ethereum. This has rattled investor confidence, leading to a wave of liquidations worth $566.64 million, per Coinglass data. As a result, the market cap of the business is down 1.86% to $3.17 Trillion.
Dogecoin's price action with the Bollinger Bands indicator shows it is now at a junction of either a breakout to the upside or another downward move. Technical analysis shows that Dogecoin's interaction with the Bollinger Bands suggests it could go on a swift upwards move.
Michael Saylor, the founder of Strategy (formerly MicroStrategy), has boldly proposed that the United States should acquire 20% of the global Bitcoin supply. His vision is to ensure that the U.S. remains a dominant force in the global economy, particularly in the evolving world of digital finance.
Franklin Templeton has introduced the Franklin Crypto Index ETF (EZPZ) on the Cboe BZX Exchange, offering investors exposure to Bitcoin (BTC) and Ethereum (ETH). The ETF, weighted 82% BTC and 18% ETH, tracks market capitalization and may expand to include more cryptocurrencies pending regulatory approval.
The U.S. spot Bitcoin exchange-traded funds (ETFs) have exceeded $750 billion in cumulative trading volume since launching in January 2024, according to The Block. The rapid surge in volume was initially driven by Bitcoins record high of nearly $74,000, with ETFs reaching $100 billion in March and $200 billion by April.
Bitcoin mining revenue remained strong at $1.4 billion in January 2025, despite the network experiencing its first difficulty decline since September. The decrease in difficulty signals a slowdown in hashrate growth, attributed to the exit of smaller mining operators.
Bybit, a leading cryptocurrency exchange, has fallen victim to one of the largest security breaches in digital asset history. Reports indicate that hackers stole approximately $1.46 billion in Ethereum (ETH) from Bybits hot wallets, sending shockwaves across the crypto industry.
Bitcoin, the largest cryptocurrency, remains in a consolidation phase, trading between $93,000 and $98,000. Despite attempts to surpass its all-time high of $109,114 set on Jan. 20, 2025, Bitcoin has struggled to maintain bullish momentum, stalling below $105,000 in late January.
Dogecoin Cash, Inc. (OTCQB: CBDS), formerly Cannabis Sativa, Inc., has signed a definitive agreement to acquire 420 million DogeCoin Cash ($DOG) tokens from Bots, Inc., a Puerto Rico-based blockchain firm. In exchange, CBDS will issue 4.2 million shares of its common stock.
Renowned trader Peter Brandt has identified Feb. 24-26 as a crucial period for Bitcoin (BTC), citing internal symmetry in its price chart. Brandt suggests this timeframe could determine BTCs next major move, adding, Look for Feb. 24-26 to be telling BTC.
Altvest Capital (ALV) has made history as the first publicly listed company in Africa to adopt bitcoin (BTC) as a strategic treasury asset. The Johannesburg-based investment firm announced its purchase of just over 1 BTC for 1.8 million rand ($98,200), following the lead of MicroStrategy (MSTR) in the U.S. and Metaplanet (3350) in Japan.
JPMorgan (JPM) analysts report that the cryptocurrency market currently lacks positive catalysts, contributing to weak demand for Bitcoin (BTC) and Ethereum (ETH) futures. Both assets have seen their futures contracts nearing backwardation, where spot prices exceed futures prices, signaling lower investor confidence.
Bitcoin climbed for a third straight session on Friday, rising 1.6% to $98,409.2 by 6:36 GMT. The worlds largest cryptocurrency was on track for a nearly 1% weekly gain, as some investors shrugged off U.S. tariff concerns.