Cryptocurrency prices were mixed last week as concerns about tariffs, interest rates and the $1.4 billion Lazarus Group hack on Bybit. Bitcoin ( BTC ) price remained below $100,000, while Ethereum ( ETH ) crashed below the $3,000 mark. The crypto fear and greed index moved to the neutral point, while Bitcoin’s dominance was at 60%. This article explores why Bitcoin, Optimism ( OP ), and Sui ( SUI ) will be in the spotlight this week. Bitcoin BTC chart | Source: crypto.news Bitcoin, the biggest cryptocurrency, will be in the spotlight this week as technicals point to an eventual breakout or breakdown soon. The daily chart above shows that it has continued to form a symmetrical triangle pattern in the past few weeks. The two lines of this triangle pattern are now nearing their confluence level. That is a sign that they will soon make big moves, potentially this week since it is the last one of the month. The key support and resistance levels to watch are $88,960 and $109,100. A break below the support level at $88,960, its lowest level in January, will indicate more downside, potentially to $73,350, the highest point in March last year. On the other hand, a strong move above $109,080 will indicate further gains to $110,000, followed by $122,000 . You might also like: Ethereum wavers as Bybit ETH reserves rise after Lazarus hack Optimism OP token chart | Source: crypto.news Optimism, one of the largest layer-2 projects in the crypto industry, will be in focus this week as it conducts a big token unlock. It will release tokens worth over $38 million on Wednesday. These tokens will be equivalent to 2% of the float, or the number of tokens that are actively traded in the market. It’s a notable but not overwhelming increase in circulation. They will be on top of the daily token unlocks of 257,000 OP tokens worth over $303,000. These token unlocks come at a time when the OP price is sitting at a key level. It was trading at $1.077 on Sunday, the lowest swing in August last year. Optimism has also formed a bearish flag pattern, pointing to more downside in the coming weeks. This crash will push it to the next key point at $0.791, its lowest level on Feb. 3. The Optimism token was created by the Optimism Foundation, a non-profit founded by Jinglan Wang, Karl Floersch, and Ben Jones. Launched in May 2022, the OP coinpowers governance and incentives within the Optimism Collective, a system designed to fund public goods and decentralization initiatives. Sui Sui token chart | Source: crypto.news Sui, one of the top layer-1 networks, will also be in the spotlight as it unlocks tokens worth $111 million, equivalent to 1.07% of the total float. It has now unlocked 39% of all its tokens, with the final unlock expected to happen in 2069. The SUI token has dropped by 38% from its highest level in January. It has moved below the 50-day moving average, a sign that bears are in control. However, it has also formed a falling wedge pattern, a highly popular reversal sign. It also formed a small double-bottom pattern, pointing to a strong rebound in the coming weeks. A drop below the support at $2.91 will invalidate the bullish view. The Sui Layer-1 network was created by Mysten Labs, a blockchain infrastructure company founded in 2021 by former Meta engineers who worked on the Diem blockchain and Move programming language. Mysten Labs is led by CEO Evan Cheng, CTO Sam Blackshear and co-founders George Danezis, Avery Ching, and Kostas Chalkias. Sui’s native cryptocurrency powers the network by facilitating gas fees, staking for security, governance participation, and DeFi applications. Read more: Cardano price eyes 70% jump as Hoskinson blasts Ethereum, Solana
The DeFi space is yet to pick up pace as such in the new year, with the constant bearing waves rocking most of the tokens. Especially the top-rated ones like Solana. The latest Solana news is not at all too encouraging either; the SOL price could be in for a few weeks in the spiral. On the flip side, we have Panshibi here to lift everyone's spirits. There are very few things like relaxing to a perfect mix of fresh memes and natural scenery after a load of trading through the day. That's what Panshibi is about. And we have details so you can understand the project. Meme Coin Rug Pull About to Sink Solana The Solana news for the past few days has mostly been about the latest rug pull on the LIBRA project, which was one of Solana’s latest meme coin launches. The token was promoted by loads of crypto influencers, including Argentinian president Javier Milei. With such a prominent name on the project, traders had high hopes for the launch. However, Milei took down his promotional post on Twitter/X after only four hours of posting it, starting off a selloff trail on Solana. The rug pull is touted to be the worst in the crypto-verse, as the loss was valued at about $4.5 billion. Major losses hit the top traders on Solana following the event, and the SOL price was the first to feel it. Solana News: Effects of the LIBRA Rug Pull Such events as the rug pull are bound to have telling effects on the Solana network, despite its more successful meme coin launches through last year. The first effects have been a steep dip in trading volume–about 60%–in the past week on the blockchain. And you can expect the crash in Solana's price that followed. The token is well below its over-$200 value from last month, as Solana is struggling with resistance levels at $180 and $191, trading at $171.15 and 7.6% down in the past week. From all indications, the ceiling on the SOL price in the short-term is somewhere in the $170 price range. Since Solana has escaped the resistance at $168, the next stop is $180. Up next, Panshibi (SHIBI) , everyone’s favourite. Panshibi is Perfect for Everyone! The idea of a meme coin is to have a relaxing spot in the midst of so much toxicity in the crypto-verse. With so much focus on profits elsewhere, meme coins are supposed to bring humour and spread good cheer everywhere they go. That's exactly what inspired the Panshibi project. The world on Panshibi is essentially excerpts from Asia’s natural wild green landscape, only this time, they are overlaid with panda avatars and memes. Already, Panshibi is getting compared to the Bamboo Valley in India, one of the rather more serene spots in the Indian rainforests. The crypto market is a jungle in its own way too, and with all the ‘danger’ traders are exposed to, they do need a platform where all they need is an avatar and all they need to do is explore. Cash in some SHIBI on the occasional quest, stake some, and pool passive income on the staking yields. And when the post-launch profits roll in, watch your SHIBI stash rise in value. It's a lot of relaxation and profit making to be done in Panshibi. You just have to be there. The Panshibi Presale Updates Your SHIBI tokens are in stage 4 already, and now's your chance to get them at the best rates. Each of them goes for $0.005, and you'd never get SHIBI coins cheaper. Also, presale profits were pegged at 1400% for stage 1 buyers, but you can still earn up to 400% ROI before launch. Post-launch profits are extensive indeed. Analysts pick SHIBI to do a 140,000% spike in the coming months. Don't miss it! You can participate in the Panshibi presale here Telegram: https://t.me/panshibi Twitter: https://x.com/panshibi_ Website: https://panshibi.com Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
The crypto market faces turmoil due to a significant hacking event. Bybit struggles to combat laundering activities linked to stolen Ethereum. Continue Reading: Crypto Mixers Spark Controversy as Bybit Faces Major Hack The post Crypto Mixers Spark Controversy as Bybit Faces Major Hack appeared first on COINTURK NEWS .
Bitcoin’s Rangebound Trading Amidst Recent Bybit Hack Raises Concerns Bitcoin’s (BTC) unusual trend of rangebound trading has become a focal point for traders and analysts alike, especially following the recent
Bitcoin's rangebound trading style is raising eyebrows among both traders and analysts despite the Bybit hack.
The crypto world is a constantly evolving domain that frequently brings forth new coins to the market. Meme-based cryptos have witnessed a substantial surge in popularity, thanks to the tokens’ close ties with memes and the prevailing social media hype and trends. Despite meme coins’ volatile nature, they have captured investors’ interest. Here are the three best meme coins for investors who are open to embracing long-term potential meme coins. They include Dogecoin, Shiba Inu, and ChowWow . Dogecoin Price Prediction: Is DOGE Set for a Rally? When it comes to Dogecoin price prediction, it's tough to point out whether the meme coin will live up to its hype. However, the Dogecoin price movement has always stood out over the past years despite recording significant losses. In 2021, the price of Dogecoin managed to record an ATH of $0.7376. despite starting the year on the low. Dogecoin yearly price movement | Source: CoinMarketCap Dogecoin has had its unique moments, riding the wave of meme coin hype and excitement, but recent times have seen the DOGE token dip significantly. Dogecoin’s minimum price, compared to the maximum price, has fluctuated immensely in the past. The meme coin has had some serious dips, making investors nervous. However, according to Ali Martinez, Dogecoin is set to record a 25% rally if it breaks out of its symmetrical triangle. A move above the $0.342 level will also be considered a more definitive breakout trigger for the price of Dogecoin in 2025. Shiba Inu Price Prediction: Is a Breakout on the Way? Shiba Inu’s price movement has everyone talking about a potential breakout. Shiba Inu has become a household name in the crypto market mainly because of its meme coin status and the wild price rallies it has recorded in the past. Many people got excited about the SHIB’s price movement when it was listed on major exchanges, and the hype surrounding the meme coin led to significant profits for early investors. Shiba Inu price analysis | Source: CoinMarketCap However, 2025 has seen the Shiba Inu price struggle to regain momentum. Over the recent months, Shiba Inu’s price forecast has been all over the place. While some analysts predict a significant rally, others remain unsure. The Shiba Inu team will need a strong catalyst to keep pushing its average price up to achieve significant growth. Moreover, according to Lucie, Shiba Inu is ready to surge by thousands per cent. This is a move that could see the SHIB token aim for its previous ATH of $0.00008845 in 2025, backed by increased mainstream adoption and upcoming partnerships. ChowWow (CHOW) Gains Viral Momentum ChowWow (CHOW) is a stake-to-earn and GameFi platform built on the SOL blockchain. This crypto project is just in stage one of its presale and is already making waves with its unique utility-centric model and presale earnings. The $CHOW token has already hit over $175,000 in funding with a starting price of just $0.008. This achievement places it among the noteworthy meme coin ICOs for 2025. ChowWow has also integrated a stake-to-earn model that allows users to stake their $CHOW tokens for passive income. This helps in enhancing the ChowWow network while increasing liquidity. With the social gaming sector gaining immense popularity, as around 40% of millennials prefer multiplayer setups, ChowWow aims to use the current gaming trend and develop social gameplay features in its gaming kingdom while maintaining access for all players. All users will have easy access to ChowWow gaming kingdom, with holders receiving exclusive benefits from the play-to-earn gaming rewards. Players will use the $CHOW token as the main currency inside the ChowWow gaming kingdom for virtual pet boosters. Moreover, as a trending meme coin in the market, ChowWow aims to enhance adoption and expand its reach through partnerships. Top Meme Coins for 2025: Dogecoin, Shiba Inu, And ChowWow Dogecoin is looking to recover from its recent dips, which have seen the meme coin lose some of its key price levels as Shiba Inu gains an uptrend momentum. However, despite being a new project, ChowWow's strategic partnerships, elevated staking rewards, and gaming platform make it a potential meme coin for 2025. Visit ChowWow Presale Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Bitcoin and gold have been on highly disparate price trajectories for the past half-year, which spells trouble for the world’s largest cryptocurrency. The yellow metal has continuously registered fresh peaks and is close to breaking above $3,000/oz for the first time ever – meanwhile, BTC has been stuck below $100,000 for most of February. Gold Runs Wild Experts have outlined numerous reasons behind the precious metal’s ascent in 2025. Perhaps the most probable one is the rising inflation in the US and other countries, coupled with the global uncertainty prompted by President Trump’s controversial actions since he assumed office for the second time in mid-January. Being the go-to global asset in times of growing inflation and economic uncertainty, investors and central banks turned to gold in an unprecedented manner, perhaps last seen during the early days of the COVID-19 crash in 2020. Financial gurus are now rushing to praise the yellow metal after years of disregarding it, claiming that the $3,000 price tag will fall inevitably and will be just the start of an even more impressive rally. Whether that would come to fruition is anyone’s guess at the moment, but it’s true that the metal has expanded its dominance over other assets in the past few months. Gold stands unchallenged at the first position with a total market capitalization of almost $20 trillion. This number is higher than the next seven financial assets combined (which include BTC). XAUUSD. Source: TradingView BTC Struggles Gold’s price chart shows a contrasting picture compared to BTC’s (below). The precious metal actually tumbled after Trump’s win at the 2024 presidential elections in early November, while most riskier assets, such as bitcoin, exploded. It took three months for gold to recover the lost ground, which happened in early February. In contrast, the primary cryptocurrency skyrocketed immediately after the elections and, after some ups and downs in late 2024 and early 2025, peaked on Trump’s inauguration day at almost $110,000. Since then, it has corrected hard and currently stands almost 15% away from its all-time high. BTCUSD. Source: TradingView In contrast, the yellow metal has only solidified its strong run in February. It marked a new all-time high on Thursday, and even though it retraced slightly, it’s about 1-2% away from it. So, do these completely different price movements spell even more trouble for BTC? After all, experts are convinced that gold will keep climbing and charting fresh peaks. Does that mean that bitcoin will continue to struggle? Well, there’s no simple answer to this question. The fact is that demand for BTC has faded in recent weeks, especially in the US, which is evident by the declining Coinbase Premium metric and the lackluster performance of the local ETFs. However, the financial markets, and crypto in particular, are highly irrational and unlogical places to be. It’s difficult to make even educated predictions, but bitcoin often does the opposite of what people expect of it. As such, don’t be too surprised if it reverses its trajectory in the following weeks and months and heads for new peaks regardless of gold’s performance. The post As Gold Prices Approach $3K, Why Is Bitcoin Failing to Keep Up? appeared first on CryptoPotato .
Dogecoin (DOGE) traded relatively flat on Thursday, mirroring lackluster movements that have persisted since the beginning of the month. Notably, attempts to recover last week, after prices rebounded from a flash crash to $0.20 earlier this month, have been watered down, with the top meme coin wiping out all of last week’s gains. This silent price action comes amid a broader market trend. Further analysis reveals that key on-chain metrics, such as daily active addresses and transaction volumes, have remained relatively flat. On-chain data also indicates a notable decline in whale activity. On Thursday, analyst Ali Martinez observed that large DOGE holders have adopted a “wait-and-watch” approach, with no significant buying or selling activity in recent days. “Dogecoin DOGE whales have stayed on the sidelines during the recent volatility, showing little to no significant buying or selling activity, ” Martinez tweeted, suggesting a cautious sentiment among major investors, which is contributing to the current price stability. Nevertheless, amid this price lull, analysts continue to assess this period as “the calm before the storm,” actively predicting triple-digit percentage gains. Popular crypto analyst Trader Tardigrade tweeted his outlook on Thursday, saying that Dogecoin has entered the “Boring Phase.” According to the pundit, traders should “Expect tight consolidation at the current level over the next few weeks before the massive DOGE rally.” Notably, the chart accompanying his tweet compared Dogecoin’s recent flat trend in February 2025 to a similar pattern before a major rally in late 2017, suggesting DOGE may experience weeks of tight price consolidation before a significant upward rally if history repeats . Earlier on Wednesday, the pundit also posted another analysis referencing Dogecoin’s weekly Stochastic RSI, a technical indicator that measures momentum. His analysis showed a crossover in the oversold zone, typically signaling a potential price rebound, supporting a bullish target of $1.50 per coin based on a target price inside an ascending channel. Elsewhere, analyst Dima Potts predicted that Dogecoin could surpass $10, citing a historical pattern of peaks occurring every four years. He highlighted that the first cycle saw a 21,821% surge over 1,442 days, while the second followed the same timeline with an even greater 54,890% increase. Potts believes Dogecoin’s next peak could arrive around mid-April 2025 if this trend continues. However, he also warned that DOGE would likely experience a decline before its next major rally. “With recent price action, DOGE has maintained its historical pattern. I expect Dogecoin to gradually move toward the purple line or the $0.28 range, similar to previous cycles. Beyond this level, we should see increased volatility, with prices consolidating before pushing toward new yearly highs and eventually all-time highs.” He wrote. At press time, DOGE traded at $0.24, reflecting a 2.13% drop in the past 24 hours.
Dubai, United Arab Emirates, February 23rd, 2025, Chainwire Bybit , the world’s second-largest cryptocurrency exchange by trading volume, has announced a new API updating a black list of suspicious wallet addresses identified so far. The API will allow ethical security experts to race against time to streamline and expedite their efforts in recovering the compromised funds. The current list of addresses is the result of the tireless work of some of the best white hats and investigators the industry has to offer, within three days of the largest heist in crypto. Bybit has received thousands of tips from colleagues in the industry, demonstrating a remarkable spirit of cooperation in the face of adversity. As internal and external teams work diligently together, the elite task force confirmed a list of malicious addresses which will be made available to verified partners through an automated interface. This collaborative effort will help streamline the security response and enhance security across the network. Bybit will continually update this list to ensure cyber defenders and security partners can effectively intercept fraudulent activities. Successful interceptions will be rewarded with a 10% bounty, reinforcing its commitment to securing the industry as a whole. Looking ahead, Bybit will announce in due time a HackBounty platform currently under development, designed to empower the entire industry in tracking down hackers. Security insiders are encouraged to stay tuned for this innovative initiative. “I am energized by the incredible camaraderie on-chain and in real life. This can be a transformative moment for our industry if we get it right. Together, we can build a stronger defense system against cyber threats,” said Ben Zhou, co-founder and CEO of Bybit. Bybit will continually update this list to assist partners in effectively intercepting fraudulent activities. Successful interceptions will be rewarded with a 10% bounty, reinforcing its commitment to securing the industry as a whole. Interested parties may find out more about Bybit’s Bounty Rewards Program by reaching out to: bounty_program@bybit.com Crypto’s Defense Alliance The concerted efforts have formed an industry-wide alliance in one of crypto’s defining moments. Bybit has shared a list of individuals, entities, and teams who have contributed to the Hail Mary mission. The “thank-you list” includes but is not limited to the following partners and peers and is growing by the hour: Mandiant, Verichain, and Sygnia.co are providing crucial forensic analysis, and uncovering the facts behind the hack incident. ZeroShadow activated its 24/7/365 Global Response team, collaborating closely on Bad Actor Tracing and Identification, Funds Tracing, and Law Enforcement Communications to support the investigation and recovery efforts. Chainalysis, Elliptic, TRM, Goplus, SEAL 911, and ZachXBT swiftly tagged exploit-related addresses on-chain, restricting the attacker’s ability to launder stolen assets. SlowMist, BlockSec, and BEOSIN delivered expert security advisory services and insights. VerifyVASP, AML Bot, and CryptoForensic contributed critical compliance and risk assessment solutions, enhancing the overall security response. Binance, Coinbase, Bitget, Polygon, Arbitrum, Optimism, Wormhole, Synapse, Connext, Chainflip, Across.to, Symbiosis.finance, AVAX, ChangeNow, fixedfloat, and cBridge facilitated essential cross-chain security measures, and stopping the hacker. #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube Contact Head of PR Tony Au Bybit tony.au@bybit.com