Bitcoin and ether, the two largest cryptocurrencies by market capitalization, plunged to multi-month lows on Tuesday amid a broad market sell-off and heightened uncertainty following last week's hack that siphoned $1.5 billion in ether from the crypto exchange Bybit.
Bitcoin, which had been holding above the $90,000 threshold since mid-January, fell as much as 6% to $88,245 - its lowest level since November. Ether experienced an even steeper decline, shedding up to 11% at one point to reach $2,333, marking its lowest price since October.
Market analysts attribute the sharp downturn to a combination of general market volatility and lingering concerns over the recent security breach, which has rattled investor confidence in the crypto ecosystem. As traders continue to digest the implications of the massive hack, the sell-off has exacerbated downward pressure on prices across the board.
The incident at Bybit underscores the ongoing challenges in the cryptocurrency sector, where security issues remain a significant risk. With global regulators and industry stakeholders closely watching developments, the current market instability may prompt further scrutiny of cybersecurity practices within crypto exchanges.
Investors are now bracing for additional volatility in the coming days as the market reacts to both external economic pressures and internal challenges within the crypto industry.
A Russian missile strike on the eastern-central Ukrainian city of Dnipro on Monday killed at least four people and wounded 40 others, officials said....
Afghanistan and Iran have agreed to strengthen agricultural cooperation as Afghan officials seek to expand export routes and support struggling farmer...
President of Turkmenistan Serdar Berdimuhamedow has signed the “On Virtual Assets” law, which will officially legalise cryptocurrency mining and e...
The Georgian Dream party says it has taken legal action against British Broadcaster BBC following an accusation of defamation in article published abo...
Ukrainian President Volodymyr Zelenskyy arrived at the Élysée Palace in Paris on Monday, stepping into a fresh round of diplomacy at a moment when K...
Bitcoin surged to a new all-time high as expectations grow for U.S. interest rate cuts and regulatory moves favouring crypto investment, boosting investor confidence in the sector.
Bitcoin hit a new all-time high on Monday morning, surpassing the $123,000 mark and gaining over 4% during the day.
The U.S. dollar strengthened and Bitcoin surged to a new record, as investors shrugged off fresh tariff threats from President Donald Trump.
Bitcoin and other cryptocurrencies regained value following a ceasefire between Israel and Iran, bouncing back after steep losses during the 12-day conflict.
U.S. President Donald Trump confirmed on Sunday that he had spoken with Venezuelan President Nicolas Maduro, but did not provide details on what the two leaders discussed.
Kazakhstan has called on Ukraine to stop striking the Black Sea terminal of the Caspian Pipeline Consortium (CPC) after a major drone attack forced a halt to exports and caused serious damage to loading equipment.
Moscow and Kyiv painted very different pictures of the battlefield on Sunday, each insisting momentum was on their side as the fighting around Pokrovsk intensified.
Venezuela's government condemned Trump's comments in a statement posted on Saturday afternoon (November 29), describing them as a "colonialist threat" against the country's sovereignty and incompatible with international law.
U.S. and Ukrainian officials held what both sides called productive talks on Sunday about a Russia peace deal, with Secretary of State Marco Rubio expressing optimism about progress despite challenges.
President of Turkmenistan Serdar Berdimuhamedow has signed the “On Virtual Assets” law, which will officially legalise cryptocurrency mining and exchange activities in the country from 1 January 2026.
European Union ministers will urge senior U.S. trade officials to implement more elements of the July EU–U.S. trade deal on Monday, including cutting tariffs on EU steel and lifting duties on goods such as wine and spirits.
Google has announced a major update for its Pixel 10 series: owners can now send and receive files with Apple devices using AirDrop, without any collaboration from Apple. The new functionality applies to iPhones, iPads, and macOS devices, though for now it is limited to the Pixel 10 line.
European shares climbed on Thursday, as a relief rally swept through global markets after artificial intelligence (AI) bellwether Nvidia reported strong earnings, while investors awaited the release of delayed U.S. jobs data.
Mainland China and Hong Kong equities slipped on Tuesday, Reuters reported, as investors grew cautious ahead of delayed U.S. economic data expected to clarify the Federal Reserve’s policy outlook.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment