As of 9 a.m. on the 25th, the price of Bitcoin on CoinMarketCap was down 4.74% from the same time the previous day to $91,745 (approximately 13.75 million yen).
It has recorded a drop from $96,000 to $91,000 in one day. First of all, the cryptocurrency market has not been able to escape from the negative news of Bybit.
On the 22nd of the month, crypto assets worth $1.46 billion (approximately 218.8 billion yen) were stolen in a hack. Most of the stolen crypto assets were Ethereum (ETH) and its derivatives.
This is a virtual asset in the RC-20 (token issuance standard) series. This caused the price of Ethereum to fall. On this day, Ethereum was down about 10.66% from the same time the previous day, to the $2,520 range.
The biggest drop in the major crypto assets was Solana (SOL). Solana was hit by the end of the "meme coin" craze and the release of the token lockup in March.
After the facts became known, the stock price fell by a whopping 44% in a month. It fell by 15% on that day alone, giving up all of the gains made on the back of the positive news of Trump's election.
The turmoil in the New York Stock Exchange on the same day also had a negative impact on the cryptocurrency market.
The S&P 500 index fell 29.88 points (0.50%) from the previous session to 5,983.25, while the technology-heavy Nasdaq Composite Index fell 237.08 points (1.21%) to 5,983.25.
The cryptocurrency market has been in such a state of flux that some have expressed negativity. Quinn Thompson, founder of Wrecker Capital, said:
nn Thompson said there is an 80% chance that Bitcoin will not be able to reach new all-time highs in the next three months.
2025/02/25 15:33 KST
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