Language

  • English
  • Română

Currency

  • $ USD
  • € EUR
news-imageFebruary 24, 2025

Bybit hack drives Ethereum derivatives traders to hedge against further downside, analyst says

Derivatives traders brace for further ether downside in the wake of the Bybit hack, which resulted in $1.5 billion worth of ETH being stolen.
Publisher: The Block
Sentiment: Negative
ETH

More News Articles

Negative
cover-imageCointribune
February 24, 2025

Ether to $3,000? A Crucial Test of Resistance Levels

The world of crypto is an arena where every major incident reshapes market dynamics. Indeed, the colossal hack of $1.4 billion suffered by Bybit, one of the largest centralized exchanges, raises an important question: Can Ether still surpass $3,000 despite this shock?

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.

Next Page 1