Bitcoin Stabilizes After Wild Swings! 🚀

This week has been a rollercoaster in the crypto market! Bitcoin surged toward $100,000 following the Bybit hack but quickly retraced. However, BTC bounced back with a $7,000 recovery from its $78,000 low and is now hovering near $85,000.

Altcoins are rallying too! Ethereum climbed 5% above $2,200, while BNB jumped 4%, nearing $600. Ripple defended the $2 mark and surged to $2.17 with an 8% gain. $ETH, $SOL, $DOGE, ADA, and others are also in the green! 🎉

The recent volatility was partly triggered by a significant security incident involving the cryptocurrency exchange Bybit. On February 21, 2025, North Korean hackers exploited a vulnerability, resulting in the theft of approximately $1.5 billion in virtual assets. The FBI has confirmed North Korea's involvement in this unprecedented breach.

Despite this setback, the crypto market has shown resilience. Bybit promptly replenished its reserves, restoring the 1:1 ratio within 72 hours of the incident.

Looking ahead, March has historically been a strong month for Bitcoin, with an average return of 13.12%. Additionally, President Trump has announced a crypto summit scheduled for March 7th, fueling optimism about potential regulatory clarity and support for the industry.

What’s your take on the market? Let’s discuss in the comments! 💬