Crypto Drama: BTC’s Wild Ride and Bybit’s Billion-Dollar Blunder! 🎢💰

by

Ah, mesdames et messieurs! What a week it has been in the realm of cryptocurrency! A veritable comedy of errors, if you will! 🎭

Our dear Bitcoin, that capricious creature, flirted with the enchanting figure of $99,000 last Friday, only to be met by the ferocious bears, who declared, “Not today, my friend!” 🐻

The weekend, alas, was as dull as a dishwater, with BTC languishing around $97,000. But lo! As the new week dawned, a calamity struck! On Tuesday, our beloved Bitcoin plummeted to a dismal $93,500, the lowest since the infamous February fiasco. Oh, the humanity! 😱

Yet, like a phoenix rising from the ashes, Bitcoin regained its composure and danced back to around $96,000, inching ever closer to that elusive $100,000 mark. What a resilient little rascal! 🔥

Earlier today, BTC flirted with $99,600, buoyed by the news from Coinbase’s grand poobah, Brian Armstrong, who proclaimed that the SEC might just dismiss their lawsuit. A cause for celebration, n’est-ce pas? 🎉

But wait! Just as the bulls began to prance, calamity struck again! Bybit, a rival of Coinbase, suffered a catastrophic hack to the tune of $1.5 billion! The market trembled, and BTC took a nosedive of over two grand in mere moments. Quelle tragédie! 💔

Now, dear reader, BTC has clawed its way back to just above $98,000, a modest increase of 1.5% since last week. Meanwhile, TRX and LTC bask in the glory of being the top performers, while SOL and DOGE wallow in despair. Such is the fickle nature of fortune! 🎲

Market Data

Market Cap: $3.363T | 24H Vol: $129B | BTC Dominance: 58.1%

BTC: $98,500 (+1.6%) | ETH: $2,748 (+0.5%) | XRP: $2.63 (-3.2%)

This Week’s Crypto Headlines You Can’t Miss

Coinbase CEO Boasts About SEC Lawsuit Dismissal – Is Ripple Next? Our gallant CEO, Brian Armstrong, took to the digital stage to announce that the SEC may soon withdraw its case against Coinbase. But hold your applause; approval is still pending! 🎤

Bitcoin Decouples From S&P 500 – Good or Bad for BTC? In a shocking twist, the correlation between the S&P 500 and Bitcoin has plummeted to zero! Is this a sign of good fortune ahead? Only time will tell! ⏳

SEC Withdraws Appeal in DeFi Dealer Classification Case. The SEC has graciously withdrawn its appeal, allowing decentralized finance to breathe a sigh of relief. A week of triumph for the industry, indeed! 🥳

Trump Declares End to Biden’s Crypto Policies. In a dramatic turn of events, former President Trump has declared an end to Biden’s crypto policies, sending Bitcoin’s price soaring! What a plot twist! 📈

Meme Coin Meltdown: Crypto Community Turns Against Speculative Tokens. The crypto community has turned its back on meme coins after the latest scandal. A wise decision, one might say! 🤔

Litecoin (LTC) Surges 46% in Just 2 Weeks on ETF Buzz. Our dear Litecoin, once deemed a ‘dino coin,’ has roared back to life, soaring over 46% as hopes for an ETF approval rise! 🦖

Charts

This week, we have a chart analysis of Ethereum, Ripple, Cardano, Binance Coin, and Solana – click here for the complete price analysis.

Read More

2025-02-21 19:42