Crypto market today (February 22): The digital gold and silver, Bitcoin (BTC) and Ethereum (ETH), along with their motley crew of altcoins, are caught in a tempest of despair as the week draws to a close. The recent calamity at Bybit, where a staggering $1.4 billion was spirited away in a heist that would make even the most seasoned bandit blush, has left over $566 million in liquidations scattered like autumn leaves across the market in just 24 hours. As a result, BTC has taken a tumble, losing nearly 2% and sliding back to the $96K level on Saturday. ETH and its fellow travelers have also joined the parade of misfortune.
Crypto Market Today: BTC, ETH & Altcoins Suffer Amid Bybit’s Hack & Massive Liquidations
In a plot twist worthy of a dime-store novel, the crypto exchange giant Bybit has been the victim of a grand theft, losing $1.4 billion worth of ETH to a group of cyber rogues known as ‘The Lazarus Group,’ hailing from the land of North Korea. One can only imagine the conversations over kimchi and stolen crypto.
In the wake of this digital disaster, the market has seen a staggering $566.64 million liquidated in the last 24 hours, according to the ever-watchful Coinglass. Panic selling has gripped the hearts of traders, sending cryptocurrency prices into a downward spiral. The global cryptocurrency market cap has taken a hit, slipping 1.98% from yesterday to a mere $3.17 trillion. Oh, the humanity!
BTC Price Backtracks To $96K
In perfect harmony with the chaos, BTC has witnessed a 2% loss in value over the past 24 hours, now resting at $96,170. The flagship coin danced between a low of $94,852.96 and a high of $99,497.97, like a drunkard at a wedding. Coinglass reports that Bitcoin recorded $199.44 million worth of liquidations in the past day, while its market dominance slipped ever so slightly by 0.01% to 60.29%. A real nail-biter, folks!
ETH Price Takes Heat Amid Crypto Market’s New Hack
ETH, not to be outdone, has plummeted nearly 3% in the past 24 hours, trading at $2,674. The coin’s 24-hour low and high were $2,616.92 and $2,842.83, respectively. Ethereum has seen liquidations worth $141.76 million in the past day. Market watchers are now peering into their crystal balls, wondering if the hackers will sell the stolen funds, which could send prices spiraling further down. It’s like watching a soap opera, but with more zeros.
XRP Price Cracks 3%
XRP has also joined the pity party, falling by 3% intraday and now sitting at $2.57. The coin hit a low of $2.51 and a high of $2.71 in the last 24 hours. Ripple’s darling saw liquidations worth $14.95 million over the past day, following the broader market trend into the red zone. A real tragedy, isn’t it?
SOL Price Slips 2%
SOL has not escaped unscathed, witnessing a 2% decline in the past 24 hours, now trading at $170. The coin swooped to a low of $167.31 and a high of $180.43. Solana recorded liquidations worth $22.24 million intraday, aligning perfectly with the market’s downward spiral. It’s like a synchronized swimming team, but with less grace.
Meme Crypto Market Also Tumbles
Dogecoin: DOGE price saw a 4% drop to $0.2417 amid $14.03 million liquidated in the Dogecoin market. Even the Shiba Inu is looking a bit glum.
Shiba Inu: SHIB price waned by 2% in the past 24 hours, currently trading at $0.00001516, mirroring the market trend. It’s a dog-eat-dog world out there!
Even Pepe Coin (PEPE) and Official Trump (TRUMP) prices cracked 2%-5%, reaching $0.000009188 and $16.08, respectively. The meme coin market has taken a nosedive, reflecting the broader market trend as the week comes to a close. Who knew digital dogs could be so dramatic?
Top Crypto Market Gainers Today
Ethena (ENA)
Price: $0.4544
24-Hour Gains: +11%
ENA price soared as the crypto project reassured users that its stablecoin USDe remains solvent despite the recent Bybit hack. A beacon of hope in a sea of despair!
Bitget Token (BGB)
Price: $5.05
24-Hour Gains: +8%
Bitget’s BGB token is riding high amid its rival exchange’s hack saga, launching a limited-time BGB on-chain staking program. Talk about capitalizing on chaos!
Jito (JTO)
Price: $2.84
24-Hour Gains: +5%
JTO price gains alongside S. Korean cryptocurrency exchange Upbit’s announcement to list the token in the KRW market. A little sunshine in this storm!
Top Crypto Market Losers Today
Mantle (MNT)
Price: $0.883
24-Hour Loss: -15%
Berachain (BERA)
Price: $7.16
24-Hour Loss: -12%
Sonic (S)
Price: $0.8546
24-Hour Loss: -10%
Overall, the current investor sentiment remains as uncertain as a cat in a room full of rocking chairs, with prices taking a beating amid Bybit’s hack and massive liquidations. Buckle up, folks; it’s going to be a bumpy ride!
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2025-02-22 07:54