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.
The UN on Friday said humanitarian operations are continuing in the Gaza Strip, with aid convoys moving through multiple crossings and thousands of pe...
The Kremlin on Friday confirmed that a meeting in Hungary between Russian President Vladimir Putin and U.S. President Donald Trump could take place wi...
On Friday, a delegation from the Turkish National Defence Ministry paid an official visit to Damascus, the capital of Syria....
Africa’s trade corridors are opening up major opportunities for investors, serving as strategic routes that unite investment, human resources, exper...
Ukrainian President Volodymyr Zelenskyy is meeting with U.S. President Donald Trump at the White House to discuss military support for Ukraine amid it...
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.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
In the first nine months of this year, 10.2 billion cubic metres of gas were produced from the Azeri-Chirag-Gunashli (ACG) block in the Azerbaijani sector of the Caspian Sea, according to operational data released by the Ministry of Energy.
Apple’s latest smartphone, the iPhone Air, sold out within minutes of its launch in China on Friday, highlighting the brand’s enduring appeal among Chinese consumers despite growing competition from local Android makers.
Wall Street closed lower on Thursday as renewed concerns about regional banks and intensifying U.S.-China trade tensions weighed on investor sentiment, pulling major indexes off recent record highs.
Giorgio Armani's deputy managing director, Giuseppe Marsocci, is set to be appointed chief executive of the Italian fashion house, a source said on Thursday, confirming a local media report.
Tesla has told the Delaware Supreme Court that Elon Musk’s $56 billion pay package should have been restored last year through a shareholder vote, as the company appeals a lower court ruling that rescinded the CEO’s record compensation.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment