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As of February 25, 2025, Bitcoin (BTC) is trading at approximately $92,225, reflecting a 3.98% decline from its previous close.
Currently, Bitcoin's price movement suggests difficulty in breaking past the $100,000 mark, with strong resistance around $97,500. Key support levels are positioned at $95,500 and $94,000, with a potential drop to $92,000 or even $91,200 if these levels are breached.
Macroeconomic factors and recent security concerns, including a $1.5 billion hack on the Dubai-based platform Bybit, have contributed to Bitcoinās recent downward trend.
Traders should keep an eye on these support and resistance levels while staying updated on market developments to make informed investment decisions.
On Friday, February 21, 2025, Dubai-based cryptocurrency exchange Bybit experienced a significant security breach, resulting in the theft of approximately $1.5 billion worth of Ethereum. The incident occurred during a routine transfer from a cold wallet to a warm wallet, where attackers manipulated the transaction interface, gaining control over the cold wallet and transferring its contents to an unidentified address.
Bybit's CEO, Ben Zhou, assured clients that the exchange remains solvent, with all client assets fully backed. He emphasized that unaffected wallets and withdrawals continue to operate normally. Despite processing over 350,000 withdrawal requests following the hack, Bybit maintained that all withdrawals have been processed, and the system has returned to its regular pace.
The company is collaborating with blockchain forensic experts to trace and recover the stolen funds, which are reportedly being moved to new addresses. This event underscores ongoing security challenges within the cryptocurrency sector, which saw over $2.2 billion stolen from various platforms in 2024.
$ETH As of February 21, 2025, Ethereum (ETH) is trading at approximately $2,762.
Analysts have identified key resistance levels between $2,800 and $2,850; a sustained move above this range could signal a bullish trend toward $3,500. Conversely, failure to surpass this resistance may lead to a retest of support levels around $2,300. Additionally, on-chain analyst Ali highlights a significant resistance zone for Ethereum in 2025 between $3,900 and $4,100. Traders should monitor these levels closely to inform their strategies.