Day: February 27, 2025

Understanding The Recent $300 Billion Crypto Drop

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Este artículo también está disponible en español. The crypto market is experiencing a significant upheaval, with a staggering $300 billion erased in just 24 hours. This massive sell-off has raised concerns among investors, prompting analysts to explore the underlying causes of this dramatic decline. Bitcoin And Ethereum Plummet According to insights from the Kobelsi Letter, a global commentator on capital markets, the frequency of “flash crashes” in the crypto sector has surged since January. These rapid price declines can occur without major bearish news, leaving investors puzzled about the sudden…

Bitcoin Price Drops Again—Is $80K the Last Defense for Bulls?

Bitcoin price started a fresh decline below the $88,000 support. BTC must stay above the $80,000 zone to avoid more losses in the near term. Bitcoin started a fresh decline from the $92,500 zone. The price is trading below $88,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $86,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline if it fails to stay above the $82,000 zone. Bitcoin Price Dips Further…

‘Blind signing is an issue, but not the prime suspect’ expert says on Bybit $1.4b saga

Aneirin Flynn, co-founder and CEO of FailSafe, spoke with crypto.news about the Bybit exploit, future preventive measures, and why an Ethereum rollback is unfeasible. Cryptocurrency prices tumbled following one of the largest cyber heists in financial history, as North Korea’s Lazarus Group breached Bybit’s Ethereum (ETH) cold wallet, stealing more than 400,000 ethereum worth $1.4 billion at the time. Ben Zhou, Bybit’s CEO, was quick to defend the exchange. The community was kept informed, industry leaders mobilized resources to assist, and Bybit filled the financial gap within days, restoring withdrawals…

Bitcoin at $84K: Ten Global Events That Could Make or Break Crypto Markets

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As bitcoin hovers just above $84,000 at 8:45 p.m. Eastern Time (ET) on Wednesday amid heightened volatility, ten critical events—from U.S. tariffs to central bank decisions—could shape crypto markets in the weeks ahead. From Trump’s Tariffs to Fed Rates: Key Factors Driving Bitcoin’s Next Move Bitcoin’s price teeters above $84,000 as global economic tremors—from Trump’s […] Original

Bitcoin Mega Whales The Primary Sellers During Price Crash, Analytics Firm Reveals

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Este artículo también está disponible en español. The market intelligence platform IntoTheBlock has revealed how the largest of Bitcoin holders have been the ones applying selling pressure amid the price decline. Bitcoin Mega Whales Have Been Reducing Their Supply Recently In a new post on X, IntoTheBlock has discussed the latest trend in the Bitcoin supply held by the whales. The ‘whales‘ broadly refer to the entities who own more than 1,000 tokens of the cryptocurrency. Related Reading At the current exchange rate, this amount converts to a whopping $88.9…

New Avalanche Card Simplifies Cryptocurrency Transactions Across Three Continents

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The Avalanche Foundation and digital payment firm Rain launched the Avalanche Card on Feb. 26, 2025, enabling users in Southeast Asia, Africa, and Latin America to spend cryptocurrencies through Visa’s global network. Avalanche and Rain Partner to Launch Crypto Card for Conversion-Free Spending The card supports transactions using USDC, USDT, Wrapped AVAX (wAVAX), and AVAX, […] Source

Solana Transfer Volume Crashes To $14.5M – What’s Next for SOL?

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Solana is facing mounting selling pressure, trading at its lowest level since September 2024 following yesterday’s market-wide correction. Extreme fear continues to grip the market as SOL fails to find strong support, with bears maintaining control since the cryptocurrency hit its all-time high back in January. Since then, Solana has retraced over 55%, leaving investors uncertain about its short-term prospects. The broader crypto market remains under pressure, with altcoins struggling to regain bullish momentum. Analysts warn that further declines could be on the horizon if SOL fails to hold key…

SEC Drops Probe Into Gemini, Cameron Winklevoss Demands Recompense

The U.S. Securities and Exchange Commission (SEC) might be done with Gemini, but Gemini isn’t done with the SEC. According to a Wednesday X post from Gemini co-founder and President Cameron Winklevoss, the SEC informed Gemini on Monday that it was closing its investigation into the New York-based crypto exchange and would not be filing enforcement charges against it. But the anti-climactic resolution to the long-running investigation was unsatisfying to Winklevoss, who said in his X post that the SEC’s retreat “does little to make up for the damage this…

Solana Dips To 5-Month Low As Memecoin Traders Retreat Post-LIBRA Scandal

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Este artículo también está disponible en español. The cryptocurrency market is experiencing significant turbulence this week, with Solana (SOL) facing particularly steep challenges. As the excitement surrounding memecoins wanes, prices have dropped to their lowest levels in several months.  Following the historic hack of the ByBit exchange and President Trump’s controversial tariff proposals, the overall crypto market has seen a downturn, with Bitcoin falling 12% in the past week. In contrast, Solana has plummeted 22%, reaching a new five-month low. Solana Struggles As New Data Shows Dramatic Drop As reported…