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Adrian Przelozny, CEO of crypto exchange Independent Reserve, believes the decline in bitcoin's value is likely linked to the widespread macroeconomic uncertainty that has impacted many financial markets lately. He links this to the tariffs declared by Trump. Earlier in February, Trump placed a 25% tariff on American imports of steel and aluminum from all nations “without exception or reservation.”
According to Bloomberg, investor sentiment in the cryptocurrency market has declined as a result of a series of upheavals in the sector, including the hacking incident at the Bybit exchange and the memecoin controversy associated with Argentine President Javier Milei. Caroline Mauron, co-founder of the cryptoasset liquidity provider Orbit Markets, stated that the Bybit hack was the most recent incident in a series of happenings linked to the dubious introduction of memecoins.
On February 21, analysts reported that hackers connected to North Korea stole close to $1.5 billion in Ethereum from Bybit. A few days later, the platform reinstated the ratio of digital asset reserves to 1:1. This breach of the cryptocurrency exchange turned out to be the biggest ever recorded.
source: bloomberg.com
According to Bloomberg, investor sentiment in the cryptocurrency market has declined as a result of a series of upheavals in the sector, including the hacking incident at the Bybit exchange and the memecoin controversy associated with Argentine President Javier Milei. Caroline Mauron, co-founder of the cryptoasset liquidity provider Orbit Markets, stated that the Bybit hack was the most recent incident in a series of happenings linked to the dubious introduction of memecoins.
On February 21, analysts reported that hackers connected to North Korea stole close to $1.5 billion in Ethereum from Bybit. A few days later, the platform reinstated the ratio of digital asset reserves to 1:1. This breach of the cryptocurrency exchange turned out to be the biggest ever recorded.
source: bloomberg.com
