🚨 BTC Rejected at $100K After $1.5B Bybit Hack, SEC to Halt Coinbase Lawsuit: Your Weekly Crypto Recap.

It was a quiet week for the cryptocurrency markets until Friday, which brought some exciting developments. Let's review the price movements over the past week first. Last Friday, BTC spiked to $99,000 but was pushed back by bearish forces, preventing it from reaching the $100,000 mark.

Over the weekend, $BTC traded around $97,000, but as the new week began, the market experienced a retracement. By Tuesday afternoon, a significant crash drove BTC below $93,500, marking its lowest level since early February. However, the cryptocurrency quickly bounced back, reaching $96,000 within days and gradually climbing towards $100,000 again.

Earlier today, BTC peaked just under $99,600 following major news from the CEO of Coinbase. He announced that the lawsuit between the exchange and the US securities regulator is likely to be dismissed by next week. However, the celebration was short-lived as another exchange, #Bybit , was hit with a massive $1.5 billion hack, causing BTC to drop over $2,000 within minutes.

Despite the hack, BTC has since recovered and is now trading above $98,000, up 1.5% from last week. Among larger-cap altcoins, $TRX and $LTC were the top performers, while $SOL and $DOGE experienced significant declines, along with $LINK, $TON, $SUI, $SHIB, and $PEPE .

Market data shows a total market cap of $3.363 trillion with a 24-hour volume of $129 billion and a BTC dominance of 58.1%. Alongside $BTC, $ETH is trading at $2,748 (+0.5%) and $XRP at $2.63 (-3.2%).