Recently, Strategy, the company formerly known as MicroStrategy, made headlines by acquiring an additional 20,356 Bitcoin (BTC) for approximately $2 billion. This purchase, executed at an average price of around $97,514 per Bitcoin, further solidifies Strategy's position as the world's largest corporate holder of the cryptocurrency. As of February 23, 2025, the company now holds a total of 499,096 BTC, accumulated over time for roughly $33.1 billion, at an average cost of $66,357 per coin.
THE BIGGEST-EVER BYBIT $1.4B HACK: WHAT WE KNOW SO FAR
- In a devastating security breach, Bybit, one of the largest crypto exchanges, lost nearly $1.4 billion worth of digital assets to hackers on Feb. 21.
- This incident marks the biggest hack in cryptocurrency history, surpassing the infamous Ronin Bridge ($625M) and FTX ($477M) breaches.
WHAT HAPPENED? THE TIMELINE OF THE ATTACK
- The hack targeted Bybit’s cold wallet, an offline storage system meant to be immune to cyberattacks.
As of early February 2025, BTC was showing volatility with signs of consolidation after hitting an all-time high of $109,140 on January 20, followed by a correction. Posts on X and web analyses suggest it’s been hovering in the $94,000-$97,000 range recently, with some expecting a dip or a push higher. Let’s break it down:
- Price Action: Assume BTC is around $96,000-$97,000 today, based on its recent stabilization attempts after a choppy January. It’s likely testing a key level—say, the 50-day moving average (possibly near $95,000-$96,000) or a Fibonacci retracement like 0.618 ($94,500-$95,000 from the $109K high to a $66K low in late 2024). - Support: Immediate support sits at $94,500-$95,000 (50-day SMA or Fib level). If that fails, $91,000-$92,000 (a prior low from early Feb dips) could hold, with $89,000 as a deeper floor if selling accelerates. - Resistance: Overhead, $98,000-$99,000 is a psychological and technical hurdle (maybe the 0.5 Fib or a prior high). A break above could eye $102,000-$103,000, where it might face stiffer resistance from the post-ATH correction zone. - RSI (Daily): Likely around 40-45, based on recent consolidation chatter. This suggests neutral momentum—neither oversold nor overbought—hinting at a potential bounce if it dips to 35 or a stall if it climbs toward 50 without volume. - Volume: Probably moderate, with no major spikes unless a breakout occurs. A surge in buying could push it past $98K; low volume might mean more sideways action. - Short-Term Outlook (Today): BTC could either: - Dip: Test $94,500-$95,000, grab liquidity, and bounce if buyers step in—classic shakeout before resuming upward. - Push: Reclaim $98,000 with a strong candle, targeting $100K+ if momentum builds (watch for a catalyst like news or altcoin spillover). - Chop: Stay range-bound between $95K-$98K, awaiting direction from broader markets (e.g., Nasdaq or Fed sentiment).
$doge is currently in a downtrend, testing key support at $0.230. the rsi is nearing oversold territory, suggesting a potential short-term bounce, but the macd indicates bearish momentum. chief, i see a neutral outlook with a slight bearish bias, with resistance at $0.245 and $0.250
First, let’s consider the broader trend. Dogecoin has historically been a volatile asset, often driven by momentum, market sentiment, and external catalysts like social media buzz or influencer endorsements. As of e
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