Ethereum price drops despite Bybit reportedly buying $700M ETH — Why?

Posted On February 24, 2025

Ether price is down nearly 6% even though Bybit has been buying in bulk. Cointelegraph explains why.

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DogeMan

Bitcoin (BTC) $ 90,332.00 2.11%
Ethereum (ETH) $ 3,089.01 4.79%
Dogecoin (DOGE) $ 0.137470 2.08%
Litecoin (LTC) $ 82.31 0.64%
Shiba Inu (SHIB) $ 0.000008 1.07%
Pepe (PEPE) $ 0.000004 4.58%
Grin (GRIN) $ 0.035272 1%