Bitcoin, Dogecoin Struggle, Ethereum Gains Amid Grim Crypto Sentiment After Bybit’s Billion-Dollar Hack: Analyst Says ‘Still Time Left In The Cycle’
Leading coins remained weak on Sunday as the cryptocurrency market grappled with the massive $1.4 billion hack on cryptocurrency exchange Bybit.
| Cryptocurrency | Gains +/- | Price (Recorded at 7:45 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | -0.24% | $96,377.59 |
| Ethereum (CRYPTO: ETH) |
+2.66% | $2,832.54 |
| Dogecoin (CRYPTO: DOGE) | -1.13% | $0.2435 |
What Happened: Bitcoin meandered in the $95,000-$96,000 zone after retracing sharply from the mid-$99,000s following the attack on Friday.
The apex cryptocurrency has failed to reclaim $100,000 in the last three weeks.
Ethereum, the coin at the center of the mega breach, made amends, recovering to an intraday high of $2,850.
Cryptocurrency liquidations hit $131.20 million in the last 24 hours, wiping out $79 in upside bets.
Bitcoin’s Open interest rose marginally by 0.75%. More than 50% of the derivatives traders were positioned short for the cryptocurrency, according to the Long/Short ratio, indicating a likelihood of more downsides.
The market sentiment was “Neutral,” according to the Crypto Fear & Greed Index.
Top Gainers (24-Hours)
| Cryptocurrency | Gains +/- | Price (Recorded at 7:45 p.m. ET) |
| Sonic (S) | +6.98% | $0.8629 |
| Helium (HNT) | +6.12% | $3.77 |
| Injective (INJ) | +5.45% | $16.08 |
The global cryptocurrency market capitalization stood at $3.19 trillion, contracting 0.27% in the last 24 hours.
Stock futures climbed on Sunday evening. The Dow …
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