{"id":46862,"date":"2025-02-22T10:04:17","date_gmt":"2025-02-22T10:04:17","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=46862"},"modified":"2025-02-22T10:04:17","modified_gmt":"2025-02-22T10:04:17","slug":"crypto-markets-shed-over-100b-as-btc-slumped-to-95k-weekend-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=46862","title":{"rendered":"Crypto Markets Shed Over $100B as BTC Slumped to $95K (Weekend Watch)"},"content":{"rendered":"

Bitcoin\u2019s gradual price increase that lasted a few consecutive days came to an abrupt end on Friday after Bybit suffered a major hack, and BTC tumbled by over four grand in hours.<\/p>\n

The altcoins were also hit hard, and some of the biggest losers on a daily scale now include LTC, PEPE, AAVE, MNT, ONDO, APT, and TAO.<\/p>\n

BTC Stopped at $100K<\/h2>\n

The primary cryptocurrency faced some enhanced volatility at the start of the business week as the bears drove it south on Monday to $95,300 and on Tuesday to just over $93,000. The latter became BTC\u2019s lowest price position since the February 3 crash when it tumbled beneath $92,000.<\/p>\n

However, the bulls managed to intervene at this point and didn\u2019t allow another breakdown. Just the opposite, bitcoin started to recover and went back up to $96,000 almost immediately.<\/p>\n

The following few days were quite positive as well, and BTC kept climbing. The culmination came on Friday after Coinbase\u2019s CEO said<\/a> the lawsuit between his company and the SEC would be dismissed by the regulator, and bitcoin jumped to a multi-week peak of $99,700.<\/p>\n

However, its $100,000 challenge failed<\/a> shortly after as Bybit, one of the largest exchanges by trading volume, was hacked for a whopping $1.4 billion in ETH. The news impacted the entire market and BTC dumped<\/a> to $95,000 within hours.<\/p>\n

It has recovered some ground now and sits above $96,000, but it\u2019s still almost 2% down on a daily scale. Its market cap remains inches above $1.910 trillion, while its dominance over the alts on CG is close to 58%.<\/p>\n

<\/a>BTCUSD. Source: TradingView<\/p>\n

Alts Retreat<\/h2>\n

The altcoins also went south after the Bybit news broke and are still in the red on a 24-hour scale despite some recoveries. ETH was stopped at $2,800 and is down to $2,700 now; XRP has slipped by 3%, while DOGE, ADA, TRX, LINK, XLM, LTC, and SUI have plunged by 4-5%.<\/p>\n

The cumulative market capitalization of all crypto assets had climbed to over $3.4 trillion yesterday but dropped by around $130 billion to its low. Now, it sits at $3.3 trillion, which is still around $100 billion less than yesterday\u2019s peak.<\/p>\n

<\/a>Cryptocurrency Market Overview. Source: QuantifyCrypto<\/p>\n

The post Crypto Markets Shed Over $100B as BTC Slumped to $95K (Weekend Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s gradual price increase that lasted a few consecutive days came to an abrupt end on Friday after Bybit suffered a major hack, and BTC tumbled by over four grand in hours. The altcoins were also hit hard, and some of the biggest losers on a daily scale now include LTC, PEPE, AAVE, MNT, ONDO, […]<\/p>\n","protected":false},"author":0,"featured_media":46863,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-46862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/46862"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46862"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/46862\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/46863"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}