Crypto market at the moment (February 22): Bitcoin (BTC), Ethereum (ETH), and different altcoins mirror an alarmingly waning worth motion because the week involves an in depth. Primarily towards Bybit’s current $1.4 billion hack, over $566 million was liquidated throughout the broader market within the final 24 hours. In consequence, BTC worth worth misplaced practically 2% and slipped again to the $96K stage on Saturday. Additional, ETH and different main altcoins have additionally adopted the waning trajectory.
Crypto Market At present: BTC, ETH & Altcoins Endure Amid Bybit’s Hack & Large Liquidations
Notably, the crypto trade behemoth Bybit lately suffered an exploitation assault, ensuing within the theft of $1.4 billion ETH from the platform. CoinGape reported that the mastermind behind this hack was ‘The Lazarus Group,’ a North Korean cybercriminal group.
As a response to the hack, the crypto market noticed $566.64 liquidated within the final 24 hours, per Coinglass information. The huge liquidations, underscoring panic promoting, in flip introduced important warmth to cryptocurrency costs. Additional, the worldwide cryptocurrency market cap slipped 1.98% from yesterday to succeed in $3.17 trillion.
BTC Value Backtracks To $96K
In sync with the colossal liquidations, BTC worth witnessed a 2% loss in worth over the previous 24 hours, resting at $96,170. The flagship coin’s intraday backside and peak have been $94,852.96 and $99,497.97, respectively. Coinglass information confirmed that Bitcoin recorded $199.44 million value of liquidations up to now 24 hours. Concurrently, its market dominance slipped marginally by 0.01% to 60.29%.
ETH Value Takes Warmth Amid Crypto Market’s New Hack
ETH worth tanked practically 3% up to now 24 hours and is presently buying and selling at $2,674. The coin’s 24-hour high and low have been $2,616.92 and $2,842.83, respectively. Ethereum recorded liquidations value $141.76 million up to now 24 hours. In the meantime, market watchers stay cautious in regards to the coin’s future actions in gentle of the large Bybit hack. On condition that the hackers determine to promote the stolen funds forward, heightened promoting stress may pull the worth additional down.
XRP Value Cracks 3%
XRP worth fell by 3% intraday and is now sitting at $2.57. The coin hit a backside and peak of $2.51 and $2.71 within the final 24 hours. Notably, the Ripple-backed asset noticed liquidations value $14.95 million over the previous day and adopted the broader market pattern to dip within the crimson zone.
SOL Value Slips 2%
SOL worth noticed a 2% decline up to now 24 hours and is now buying and selling at $170. The coin swooped to a low of $167.31 and a excessive of $180.43 within the final 24 hours. Solana recorded liquidations value $22.24 million intraday, aligning with the market pattern.
Meme Crypto Market Additionally Tumbles
Dogecoin: DOGE worth noticed a 4% drop to $0.2417 amid $14.03 million liquidated within the Dogecoin market.
Shiba Inu: SHIB worth waned by 2% up to now 24 hours and is presently buying and selling at $0.00001516, mirroring the market pattern.
Even Pepe Coin (PEPE) and Official Trump (TRUMP) costs cracked 2%-5%, reaching $0.000009188 and $16.08, respectively. The meme coin market has primarily mirrored the broader market pattern because the week involves an in depth.
High Crypto Market Gainers At present
Ethena (ENA)
Value: $0.454424-Hour Beneficial properties: +11%
ENA worth soared because the crypto mission reassured customers that its stablecoin USDe stays solvent regardless of the current Bybit hack.
Bitget Token (BGB)
Value: $5.0524-Hour Beneficial properties: +8%
Bitget’s BGB token soars amid its rival trade’s hack saga, and the Bitget pockets launching a limited-time BGB on-chain staking program.
Jito (JTO)
Value: $2.8424-Hour Beneficial properties: +5%
JTO worth positive aspects alongside S. Korean cryptocurrency trade Upbit’s announcement to listing the token within the KRW market.
High Crypto Market Losers At present
Mantle (MNT)
Value: $0.88324-Hour Loss: -15%
Berachain (BERA)
Value: $7.1624-Hour Loss: -12%
Sonic (S)
Value: $0.854624-Hour Loss: -10%
General, the present investor sentiment stays extremely unsure surrounding the crypto sector’s future, with costs taking warmth amid Bybit’s hack and big liquidations.
Coingape Employees
CoinGape includes an skilled crew of native content material writers and editors working around the clock to cowl information globally and current information as a reality somewhat than an opinion. CoinGape writers and reporters contributed to this text.
Disclaimer: The offered content material could embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty on your private monetary loss.
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