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Saturday, February 22, 2025

Bitcoin, Ethereum, XRP, Dogecoin See Friday Blues After Large $1.4 Billion Bybit Hack

Cryptocurrency markets are buying and selling decrease on Friday after a $1.4 billion hack on Bybit dragged down the market.

Cryptocurrency Worth    Good points +/-
Bitcoin BTC/USD $95,385.38 -3.1%
Ethereum ETH/USD $2,634.96 -4.3%
Solana SOL/USD $168.78 -3.5%
XRP XRP/USD $2.52 -6.9%
Dogecoin DOGE/USD $0.2400 -5.6%
Shiba Inu SHIB/USD $0.00001494 -4%

Notable Statistics:

  • IntoTheBlock information reveals giant transaction quantity rising by 12.3% and day by day lively addresses rising by 4%. Transactions higher than $100,000 are up from 9,587 to 9,988 in a single day. Exchanges netflows are up by 105.3%.
  • Coinglass information studies 188,950 merchants had been liquidated up to now 24 hours for $551.47 million.

Notable Developments:

Prime Gainers:

Cryptocurrency Worth    Good points +/-
Story IP/USD  $4.51 +17.8%
Jito JTO/USD  $3.04 +11.7%
Bitget Token BGB/USD  $4.67 +3%

Dealer Notes: Extra Crypto On-line famous that Bitcoin has confirmed an area prime, aligning with broader market traits. The worth did not maintain above the Feb. 14 excessive. For a bullish continuation, it ought to maintain above $94,645 on this potential wave 2. The important thing invalidation degree is $93,450.

Crypto dealer CJ defined Bitcoin has tagged final week’s excessive and low. It supplied clear trades on either side of the vary. The dealer awaits to see if mid-range demand holds. Ideally, BTC ranges via the weekend.

Crypto dealer Jelle reaffirmed his expectations and predicts that market seems good for a powerful finish to the month.

Learn Subsequent: 

Picture: Shutterstock

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