Daily Market BriefFeb 24, 2025

Daily Market Brief 250224

  • $BTC dropped sharply following the Bybit hacking headline but has since traded within a range. As of now, $BTC is trading at $96,258, while $ETH is at $2,819. Bitcoin dominance stands at 60.84%.

  • On Friday night (Asia Time), Bybit’s ETH cold wallet was hacked, resulting in approximately $1.5 billion in losses, making it the largest hacking incident in crypto history. The hacker has been identified as the North Korean hacking group Lazarus. However, withdrawals have now returned to normal (see below).

  • This week’s calendar includes NVIDIA’s earnings on Wednesday, U.S. GDP on Thursday, and PCE on Friday.

  • During the last 24 hours, the top three gainers were $WOULD, $GLM, and $XCN, while the top three losers were $MEOW, $IP, and $GRASS.

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