Bybit also received $390 million worth of emergency transfers from other crypto exchanges.
Ethereum (ETH) has faced a turbulent period in recent weeks, with its price showing some signs of consolidation around the $2.6k mark in February. While this has raised hopes of a recovery, on-chain metrics indicate that strong selling pressure could limit Ethereum's potential upside, and there may even be a deeper drop on the horizon.
Canadian Bitcoin developer Peter Todd, who was identified as a top Satoshi Nakamoto candidate by HBO last year, recently raised some eyebrows on social media after mentioning the controversial XRP token.
In 2012, a group of developers who eventually founded the financial technology company Ripple created XRP (XRP -0.10%), a digital asset that makes cross-border payments faster and cheaper. XRP is currently the third most valuable cryptocurrency behind Bitcoin and Ethereum.
The price of Bitcoin looked set to reclaim $100,000 on Friday, rallying on the back of the United States Securities and Exchange Commission's (SEC) decision to drop the lawsuit against crypto exchange Coinbase. However, the premier cryptocurrency failed to capitalize on this momentum shift following the $1.4 billion exploit of the ByBit exchange.
Aptos (APT) has faced significant downward pressure in recent months, with the altcoin experiencing a decline of 27.55%. Its price has fluctuated significantly, from a local high of $9.8 to a low of $4.
The altcoin market took a severe hit last weekend with a $1.5 billion hack on the Bybit exchange, causing a sharp decline in several altcoins. However, traders are now bullish about a strong recovery in altcoin prices, following Bitcoin's surge toward the $100K mark.
A crypto strategist known for making timely Bitcoin calls believes that BTC will print a new all-time high in a couple of months. Pseudonymous analyst Credible Crypto tells his 462,900 followers on the social media platform X that he thinks Bitcoin is trading in a wide range between $110,000 and $88,000.
Ethereum core developer Tim Beiko has cautioned against any potential move to roll back the Ethereum network.
Dogecoin price has been gaining attention as analysts predict a potential surge of 200% amid growing speculation about a Dogecoin ETF approval. Market participants are closely watching price movements, with many expecting DOGE to surpass its all-time high of $0.739.
According to the latest report from CryptoQuant, Bybit ETH reserves are gradually recovering after a significant decline caused by a hack. The incident led to a sharp drop in Bybit's ETH reserves, falling from 443,691 ETH to a low of 63,807 ETH.
A billionaire investor recently gave his insights into XRP and why crypto will remain relevant in the future despite the presence of more popular digital assets. American businessman Mike Novogratz highlighted in a podcast that XRP owes its resilience to its community, which helped the crypto sustain its value over the years.
Bitcoin's (BTC) volatility has recently dropped to one of its lowest points in years, with its one-week realized volatility now sitting at 23.42%. This level is approaching historical lows and has only been breached a few times in the past four years.
A South African investment firm, has invested in bitcoin as a treasury strategy, aiming to bolster financial resilience and shareholder value. Altvest Capital to Invest Only in Bitcoin A South African alternative investment firm, Altvest Capital Ltd., announced its first investment in bitcoin (BTC) as part of a strategic treasury management initiative.
Ethereum's (ETH) market has been rocked by a major hack on the Bybit exchange, which saw over 405,000 ETH, valued at roughly $1.1 billion, stolen from the platform. Despite the market jitters caused by this breach, Ethereum whales—large holders of ETH—have been aggressively accumulating the cryptocurrency, purchasing an astounding 140,000 ETH in just a single day.
Crypto analyst Basic Trading has revealed that the Dogecoin price is confirming a final retest before a potential move to the upside. In line with this, he revealed price levels to watch for as DOGE eyes a bullish breakout.
With Bitcoin still trading below the key $100,000 level, traders say a move back to $106,000 is needed to confirm the uptrend. However, some think a dip to $85,000 is still on the table.
Solana's journey from a memecoin hub to a serious blockchain contender hinges on the approval of a Solana ETF, which would bring institutional trust and unlock its potential for large-scale financial applications like payments and trading.
Crypto Highlights This Week: The broader market concludes another interesting week, primarily keeping investors on their toes. Cryptocurrency exchange behemoth Bybit suffered a $1.4 billion hack this week, whereas BTC and altcoins remained stagnant despite market advancements.
El Salvador's pause in Bitcoin purchases may signal a shift towards more traditional financial strategies to secure international support. The post Has El Salvador halted daily Bitcoin purchases amid IMF loan agreement?
Dogecoin faces critical resistance after a recent dip, with its price channels forming support.
Bitcoin struggles below $100K for 15 sessions as ETF outflows, Fed uncertainty, and Trump's tariff threats weigh on market sentiment. Will BTC rebound soon?
XRP lags the market as the SEC remains silent on its appeal strategy. Will regulatory clarity fuel a rally, or is more downside ahead?
Solana's (SOL) price has faced significant challenges after breaking a new all-time high (ATH) of $295, but recent developments suggest potential for a recovery despite bearish pressures. Following its ATH, SOL seemed poised for a rapid climb toward $500 by the end of 2025.
The latest analysis of XRP's price chart suggests the cryptocurrency has likely reached its bottom, with predictions of a potential rise. Looking at the daily chart of XRP, the price has been trading sideways, bouncing between a major support level and resistance. The price is currently facing resistance between $2.65 and $2.80.
Amid memecoin scandals and a generally lukewarm performance since the new year, Solana has hit a rough patch.
Franklin Templeton, one of the world's largest asset management firms, has submitted a proposal to the United States Securities and Exchange Commission (SEC) to issue a spot Solana ETF (exchange-traded fund). The asset manager joins several other applicants in the race to offer a SOL-based investment product to US investors.
President Donald Trump announced the end of the Biden administration's “war on bitcoin and crypto” during a speech this week at Miami's FII Priority Summit, vowing to solidify the U.S. as the world's undisputed leader in digital currency innovation.
Ethereum core developer Tim Beiko says that despite growing calls for an Ethereum network rollback, it is “technically intractable.”
XRP's price action might head in either direction in the near term, but it all depends on a few key factors.
Bybit, a popular crypto exchange, is reeling from the massive hack worth $1.5 billion in digital assets. According to reports, the hackers targeted the crypto exchange's cold wallet, an offline storage system, to steal the exchange's assets, primarily Ether.
Metrics showed that there was a chance of a deeper Ethereum price drop towards $2.1k.
The price of XRP has been navigating through a period of sideways movement, with recent price action suggesting that the cryptocurrency may have reached its bottom. According to analysts, there is potential for a rise in XRP's price, though it faces several key levels of resistance and support that will determine its near-term direction.
Weighted sentiment around Aptos is at its most positive level since November right now.
Following a brief ascent above $99,000 on Friday, the Bitcoin market experienced a negative end to the past trading week as prices crashed below $96,000 in a sharp descent. Based on these happenings, the premier cryptocurrency remains in consolidation with little indication of its long-term price movement.
The SEC's crypto enforcement program is unraveling, with legal retreats and restructuring. A former SEC official predicts the Ripple appeal is next to be abandoned. SEC's Ripple Fight Nears Collapse, Former SEC Official Signals the End The U.S.
Solana (SOL) has been grappling with significant challenges in recent weeks, from a steep drop in its token price to falling network activity. As the ecosystem braces for upcoming token unlocks, many are left wondering if further declines are on the horizon for one of the most talked-about cryptocurrencies.
Marc Boiron, CEO of Polygon Labs, expects BTC to reach $250,000, believing that the token's long-term growth is inevitable despite short-term market volatility.
Bitcoin's price rally may be under threat as it continues to trade under $100,000. According to analysts at JPMorgan, there's been a notable decline in institutional interest in the crypto industry, particularly through Bitcoin and Ethereum futures contracts.
Franklin Templeton has filed for a Solana ETF, aiming to track SOL's market performance while allowing share purchases with cash or crypto and staking holdings for rewards. Franklin Templeton Files for Solana ETF With SEC Franklin Templeton, through its affiliate Franklin Holdings LLC, filed a registration statement with the U.S.
Ethereum (ETH) appears to be positioning itself for a significant market move, but the question remains: In which direction will it go? Recent market developments, including major shifts in Ethereum's exchange netflows and changes in its Futures Open Interest, have raised discussions about the token's potential for recovery.
Bitcoin's volatility is now at one of its lowest levels in years. What does this mean?
Tim Beiko, an Ethereum Foundation lead developer, has broken the silence on the proposed plan to rollback the ETH network. In what he categorized as the ELI5 explainer to non-technical community members, Beiko explained why a rollback is impossible.
The Ethereum price appeared to be finally gearing for a strong bullish breakout after multiple weeks of disappointing and sluggish action. However, this bullish dream ended almost immediately after it started as nearly $1.5 billion worth of ETH tokens were drained from the ByBit exchange.
VanEck has announced a bold prediction that Bitcoin will play a critical role in managing the United States' rising national debt. The study, based on Senator Cynthia Lummis' proposed Bitcoin Act, shows that a strategic Bitcoin reserve may partially balance the country's debt by 2049.
Following the Lazarus hack, an online debate erupted about potentially rolling back the Ethereum blockchain to invalidate the stolen funds.
Bitcoin (BTC) has faced a series of bearish indicators in recent weeks, casting doubt on its near-term prospects. Recent market data has shown declining investor interest, particularly from U.S. investors, combined with weaker retail activity.
PEPE price surged 6%, defying market turmoil after Bybit's $1.4 billion hack—could this be the start of a major rebound? PEPE rebounds 6% as traders bet on Ethereum gains from Bybit Hack PEPE suffered considerable losses on Friday, mirroring the $75 billion crypto market capitulation in the aftermath of the Bybit hack.