Crypto News Today (Feb 22nd, 2025): Bybit Exploitation Sends Shock Waves to Bitcoin & Ethereum

A security breach at the cryptocurrency exchange Bybit resulted in the theft of $1.4 billion worth of Ethereum. This event triggered a market downturn, leading to $566.64 million in liquidations. The total cryptocurrency market capitalization decreased by 1.86% to $3.17 trillion, while trading volume increased by 53.06% to $139.49 billion. The Fear & Greed Index dropped to 38, reflecting market fear. Bitcoin's price fell by 1.85% to $96,407.61, with its market cap at $1.91 trillion and dominance at 60.23%. Bitcoin's trading volume increased by 60.24% to $49.29 billion. Ethereum's price decreased by 2.49% to $2,681.04. XRP fell by 2.84% to $2.58, and Solana decreased by 1.50% to $171.56. Ethena gained 10.46% to $0.4595, Bitget Token rose by 7.75% to $5.01, and Maker increased by 4.98% to $1,497.40. Berachain dropped by 13.07% to $7.13, while both Mantle and Jito fell by 12.30%.