Ethereum Price Forecast: Hackers show preference for ETH as Bybit buying pressure fails to fuel demand
Bybit CEO Ben Zhou confirmed in an X post on Monday that the exchange has 100% closed the reserve gap from its hack on Friday, where the North Korean Lazarus Group stole about $1.44 billion worth of ETH. The gap was closed through loans, whale deposits and over-the-counter (OTC) ETH purchases.
Ethereum price drops despite Bybit reportedly buying $700M ETH — Why?
Ether ( ETH) price dropped 5% on Feb. 24, despite reports that crypto exchange Bybit acquired $740 million worth of ETH from the open market. Some traders expected a price rebound after the Feb. 21 hack, anticipating that Bybit’s purchases to cover losses would push prices higher. However, this scenario did not materialize.
While Bitcoin (BTC) edges closer to its Feb. 3 low of $91,300, Ether (ETH) remains considerably above its $2,080 monthly low.
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Binance, Kraken move large amounts of ETH and SOL in sales and position shiftsBinance and Kraken wallets have issued multiple transactions for Ethereum (ETH) and Solana (SOL). The market operators may ...
Bitcoin (BTC) bulls are trying to defend the $94,000 level, but the bears have maintained their selling pressure. Bitcoin’s ...
As Ethereum (ETH) and Cardano (ADA) continue their downward spiral, the hunt for the next big opportunity is on. In the past ...
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