BIBIT exploitation sends shock waves to Bitcoin and Ethereum?

The cryptocurrency market witnessed a shrinkage after a major security breach in BYBIT, as infiltrators were able to deplete $ 1.4 billion in Ethereum. This has shook the investor’s confidence, which led to a wave of liquidation worth $ 566.64 million, for all Coinglass data. As a result, the maximum market in the work decreased by 1.86 % to 3.17 trillion dollars. Trade sizes increased by 53.06 % to $ 139.49 b. In a row, the Fear & Greed index fell to 38, indicating fear in the market.

Bitcoin price has now decreased to 96 thousand dollars

Bitcoin has decreased by 1.85 % over the past 24 hours, and now trading at 96,407.61 dollars. The market value of assets decreased to $ 1.91 trillion, while its hegemony is still 60.23 %. BTC trading volume increased by 60.24 % to 49.29 billion dollars, as traders’ reaction to the exploitation of bybit and the wider market fears.

Are you curious about the next BTC teacher? If the answer is yes, read Bitcoin predicts 2025, 2026-2030 For potential goals!

Altcoins Watch: Eth 2.49 % decreased

ETHEREUM decreased by 2.49 % to $ 2681.04 after using BYBIT, one of the leading ETH trading platforms. XRP also got success, as it decreased by 2.84 % to $ 2.58, while Solana slipped by 1.50 % to 171.56 dollars.

To take a peek at the potential goals of Ethereum, check Ethereum 2025, 2026-2030.

The best winners and losers

Among the distinctive symbols of the highest performance, Eathina increased by 10.46 % to $ 0.4595, making it the highest winner of the day. Bitget Token 2 followed 7.75 %, reaching $ 5.01, while Maker recorded 4.98 % to $ 1,497.40.

In the end, the loser, berachain led the decrease, fell 13.07 % to $ 7.13. Mantle and Jito recorded 12.30 % losses.

Common questions