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CRYPTOCURRENCY

Crypto Crash and Market Turmoil: What You Need to Know

DALL·E 2024 08 05 17.06.42 A photo realistic image of a person looking at a smartphone with cryptocurrency market data showing a significant crash. The person appears anxious w

This week has been particularly tumultuous for the cryptocurrency market. Bitcoin, Ethereum, and a slew of other major cryptocurrencies have seen significant drops in value. Bitcoin fell below the $50,000 mark, a sharp decline from its previous highs. Ethereum followed suit, dropping below $2,500. The market sentiment has been driven by a mix of regulatory concerns, macroeconomic factors, and investor panic. Crypto Crash and Market Turmoil: What You Need to Know.

Crypto Crash and Market Turmoil: What You Need to Know

Market Sentiment and Investor Panic: The sudden sell-off was exacerbated by fears of tighter regulations and a crackdown on cryptocurrency exchanges. Additionally, high-profile investors have been vocal about the overvaluation in the crypto market, adding fuel to the fire.

Crypto Crash and Market Turmoil: What You Need to Know

Technical Analysis: Technical indicators have pointed towards a bearish trend. The 50-day moving average crossed below the 200-day moving average, often referred to as a “death cross,” which is typically a bearish signal.

Crypto Crash and Market Turmoil: What You Need to Know

Impact of Japan’s Rate Change

Japan’s recent decision to adjust interest rates has sent ripples through the global financial markets. The Bank of Japan (BoJ) decided to increase its short-term interest rate target, surprising many investors who expected the ultra-loose monetary policy to continue.

Crypto Crash and Market Turmoil: What You Need to Know

Effect on the Yen and Global Markets: The Japanese yen strengthened against the dollar, making Japanese exports more expensive and affecting global trade dynamics. This rate change has led to a reassessment of risk and return, influencing investor behavior across the globe.

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Crypto Crash and Market Turmoil: What You Need to Know

Bond Markets Reaction: Japanese government bonds (JGBs) saw yields rise, which influenced global bond markets. Higher yields in Japan often lead to a shift in investor capital from foreign bonds to JGBs, affecting liquidity and prices in other bond markets, including the US Treasuries.

READ MORE: A Stronger Bet: Why Bitcoin is the Safest Place for Your Life Savings

Crypto Crash and Market Turmoil: What You Need to Know

US Rushing to Adapt

The United States has been quick to respond to the potential threats posed by these global economic shifts. There is growing concern about a possible domino effect leading to a global stock market crash.

Crypto Crash and Market Turmoil: What You Need to Know
Crypto Crash and Market Turmoil: What You Need to Know

Federal Reserve’s Stance: The Federal Reserve has indicated that it may accelerate its tapering of asset purchases and consider raising interest rates sooner than previously expected. This is a bid to curb inflation and stabilize the financial system.

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Market Volatility: The stock markets have reacted with increased volatility. The S&P 500, Dow Jones, and NASDAQ have all experienced significant fluctuations. Investors are jittery, leading to a sell-off in equities and a flight to safer assets like gold and government bonds.

Economic Data and Earnings: Economic indicators and corporate earnings reports are being closely watched. Any negative data could further destabilize the markets. The recent job reports and inflation data have already added to the uncertainty, making it a challenging environment for investors.

Global Implications

The interconnected nature of global markets means that these events are not isolated. The crypto crash, Japan’s rate change, and the US’s swift actions are all interlinked, creating a complex and volatile economic landscape.

Investor Strategy: In this environment, diversification and risk management are more crucial than ever. Investors are advised to stay informed and be prepared for continued volatility.

Crypto Crash and Market Turmoil: What You Need to Know
Crypto Crash and Market Turmoil: What You Need to Know

For more insights into the latest market developments, including detailed analyses and expert opinions, make sure to visit What’s Hot in UAE.

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CRYPTOCURRENCY

Crypto’s Next Big Surge: Market Makers Predict ‘God Candles’ on the Horizon

Bitcoin and a computer graphic card

After months of volatility and uncertainty, the crypto market is showing signs of a major rebound, with leading market makers forecasting massive pumps ahead. The key driver? The global M2 money supply, which has historically been a strong indicator of liquidity-driven price surges in digital assets. Crypto’s next big surge will be one to watch.

Are we about to witness a return to all-time highs? Here’s what the data is saying.

Crypto’s Next Big Surge: Bitcoin may attract $2T from new $20T money supply in 2025
Bitcoin may attract $2T from new $20T money supply in 2025


1. Market Makers Are Positioning for a Crypto Rally

While retail investors remain cautious, major market makers have been quietly accumulating. Their trading patterns suggest they are preparing for a significant market shift. Here’s why:

Deep Liquidity is Returning – As more institutional players re-enter the market, liquidity is improving, making it easier for large-scale buyers to execute trades without major slippage.

Smart Money is Loading UpOn-chain data shows whale accumulation, with major wallets increasing their Bitcoin and Ethereum holdings over the past three months.

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Volatility is the Perfect Setup – Market makers thrive in volatile conditions. They profit most from big price swings, and their latest strategies suggest a bullish move ahead.

What this means: Crypto is primed for an explosive rally, with insiders positioning themselves for massive price action in the coming weeks.

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2. The Global M2 Money Supply is Sending a Bullish Signal For The Surge

The M2 money supply (which measures global liquidity) has been a reliable indicator of crypto’s boom-and-bust cycles. Historically, when M2 expands, liquidity flows into alternative assets like Bitcoin and Ethereum.

🔥 Why M2 Growth Matters for Crypto:

💰 More Money in the System = More Speculation – When governments print money, it doesn’t just stay in savings accounts. Excess liquidity finds its way into risk assets, including crypto.

📈 Past Bull Runs Followed M2 Expansions – Every major Bitcoin rally has coincided with a rise in the global money supply. The last crypto bull market in 2020-2021 was fueled by a surge in M2 liquidity due to pandemic stimulus measures.

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🛑 M2 Tightening Crashed Markets in 2022 – When central banks reduced liquidity, crypto entered a brutal bear market. Now, with M2 showing signs of expansion again, market makers believe the next big leg up is coming.

The Key Takeaway: If M2 continues to rise, history suggests that Bitcoin and altcoins could be on the verge of their next major bull run.

Crypto’s Next Big Surge: Examining Code on Smartphone While Sitting at Desk
Examining Code on Smartphone While Sitting at Desk


3. What to Expect: Crypto’s Next Big Surge

If market makers are right and M2 continues expanding, here’s what could happen next:

🚀 “God Candles” & Rapid Price Surges – Bitcoin and Ethereum could see massive daily gains as liquidity floods into the market.

💎 Altcoin SupercycleSmaller, high-potential altcoins often outperform BTC & ETH during liquidity-driven rallies. Expect explosive moves in select altcoins.

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📊 Increased Leverage & Volatility – With more liquidity, traders will increase leverage, making the market more volatile but also potentially more rewarding.

Hype about bitcoin
Hype about bitcoin


Final Thoughts: Is Crypto About to Explode?

Market makers and on-chain data point to a massive shift in momentum, with rising M2 liquidity setting the stage for the next bull cycle.

Crypto’s Next Big Surge: Crypto coins on gold background
Crypto coins on gold background

Keep an eye on CoinMarketCap for daily info.

The question is: Are you positioned for it?

The signs are there—crypto’s next big surge could be closer than most expect.

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CRYPTOCURRENCY

Breaking News: Hackers Steal $1.4 Billion from Bybit in the Largest Crypto Heist Ever

DALL·E 2025 02 22 10.12.28 A dramatic news scene depicting a large scale cryptocurrency heist, with a dark, cyberpunk aesthetic. A hacker in a hoodie with a glowing laptop scree

In a shocking development, cryptocurrency exchange Bybit has fallen victim to one of the largest crypto hacks ever recorded, with hackers stealing over $1.4 billion worth of Ethereum (ETH) from the platform’s cold wallet. This incident marks a critical moment in the digital asset industry, raising concerns over cybersecurity measures and market stability.

Breaking News Hackers Steal $1.4 Billion from Bybit in One of the Largest Crypto Heists Ever
Breaking News Hackers Steal $1.4 Billion from Bybit in One of the Largest Crypto Heists Ever

How the Hack Happened: Exploiting Vulnerabilities

The attack targeted Bybit’s Ethereum cold wallet, which is typically considered secure due to its offline nature. According to Bybit’s co-founder and CEO, Ben Zhou, the hackers exploited a “masked” user interface (UI) and URL to deceive wallet signers into unknowingly approving a malicious transaction. This clever manipulation allowed the attackers to alter the smart contract logic, gaining full control of the cold wallet and draining its contents.

Blockchain analysis reveals that the stolen assets include:

  • 401,347 ETH
  • 90,376 stETH (staked ETH)
  • 15,000 cmETH (cross-chain wrapped ETH)
  • 8,000 mETH (multi-chain ETH)

In total, the theft amounts to over $1.4 billion based on current market prices, making it one of the most significant security breaches in cryptocurrency history.

The Lazarus Group are responsible for the Bybit hack
The Lazarus Group are responsible for the Bybit hack


Immediate Response and Security Measures

Ben Zhou addressed the incident publicly, reassuring users that other cold wallets remain secure and that withdrawals are still operational. He emphasized that Bybit maintains a 1:1 asset reserve ratio, ensuring that user funds are protected. To cover the loss, Bybit secured a bridge loan that accounts for 80% of the stolen ETH, eliminating the need for an immediate large-scale purchase of ETH in the spot market.

Hackers Steal $1.4 Billion
Hackers Steal $1.4 Billion


Market Reaction: Volatility and Speculation

News of the hack sent shockwaves through the cryptocurrency market, causing heightened volatility, especially for Ethereum (ETH). According to data from CoinMarketCap (CMC), ETH initially dropped from $2,828 to $2,708, marking a 4.2% decline. However, speculation that Bybit might need to repurchase ETH to cover losses led to a brief rebound of 3.36%, pushing the price back up to $2,759 within just 10 minutes.

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This surge was short-lived. During a livestream, Ben Zhou clarified that Bybit’s bridge loan would cover most of the loss, reducing the need to buy large amounts of ETH on the open market. This announcement shifted market sentiment, triggering renewed selling pressure as investors anticipated potential sell-offs by the hacker and broader risk aversion.

North korea's Lazarus Group have become a known entity in the Hacker community
North korea’s Lazarus Group have become a known entity in the Hacker community


Will the Hacker Sell? Challenges of Liquidating Stolen ETH

The hacker now holds more than 500,000 ETH, surpassing the holdings of Ethereum co-founder Vitalik Buterin, who reportedly holds around 240,000 ETH. The stolen funds have been distributed across 53 wallets, which are being actively monitored by blockchain security firms and smart contract auditing teams.

Selling such a large volume of ETH poses significant challenges for the hacker:

  1. Real-Time Tracking: Blockchain analytics firms like Chainalysis, Elliptic, and Nansen are monitoring the wallets in real time, making it difficult to move the stolen funds without detection.
  2. Liquidity and Market Impact: Offloading this volume of ETH on the open market would likely cause a major price crash, similar to what would happen if Vitalik Buterin were to sell his holdings all at once—only twice as impactful.
  3. Alternative Liquidation Methods: The hacker may attempt to use crypto mixers like Tornado Cash to obfuscate the transaction trail, although regulatory scrutiny and improved tracking technology have made this method less effective.
Over $927b was wiped from the Crypto & Stock market as a result of the hack
Over $927b was wiped from the Crypto & Stock market as a result of the hack


Timing and Broader Implications for ETH

The timing of the hack is particularly notable, as it coincides with ETHDenver, one of the largest annual conferences in the Ethereum ecosystem. Typically a catalyst for bullish sentiment, ETHDenver often features major project announcements and technological advancements. However, this year’s event is overshadowed by recent controversies within the Ethereum community and criticism directed at Vitalik Buterin and the Ethereum Foundation.

Combined with the Bybit hack, these factors have dampened market enthusiasm, casting a bearish shadow over an event that usually drives positive momentum for ETH.

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Bybit CEO Ben Zhou
Bybit CEO Ben Zhou


The Road Ahead: What Traders Should Expect

The cryptocurrency market is currently experiencing heightened volatility, with traders reacting sharply to both factual developments and speculative rumours. For example, the false assumption that Bybit would purchase large amounts of ETH temporarily drove prices up before Ben Zhou’s clarification reversed the trend.

Given the ongoing investigation and uncertainty surrounding the hacker’s next moves, significant price fluctuations are expected in the coming days. Traders, especially those using leverage, should exercise caution and closely monitor developments as the situation unfolds.

Bybit is one of the world's biggest trading platforms
Bybit is one of the world’s biggest trading platforms


Security Lessons and Industry Impact

The Bybit hack serves as a stark reminder of the vulnerabilities that persist in the cryptocurrency industry, even for platforms with advanced security measures. It underscores the need for continuous innovation in cybersecurity and stricter protocols to prevent unauthorized access to cold wallets.

ByBit under hack attack over $1.4 billion in ETH stolen
ByBit under hack attack over $1.4 billion in ETH stolen

Moving forward, industry stakeholders, including exchanges, regulators, and security firms, must collaborate to enhance protections against increasingly sophisticated cyber threats. Meanwhile, users should remain vigilant, ensuring they store their assets securely and stay informed about the latest developments in digital asset security.


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CRYPTOCURRENCY

Pro-Bitcoin RFK Jr. Confirmed as US Secretary of Health and Human Services

Robert F. Kennedy Jr is a Pro Bitcoin Advocate

In a landmark move for both the crypto and political spheres, Robert F. Kennedy Jr. has officially been confirmed as the US Secretary of Health and Human Services (HHS). This confirmation marks a significant moment, not just for healthcare policy, but for the broader Bitcoin and decentralised finance landscape. Pro-Bitcoin Advocate RFK Jr now makes his way into making some big changes.

Senate confirms RFK Jr. as Health and Human Services secretary
Senate confirms Pro-Bitcoin Advocate RFK Jr. as Health and Human Services secretary

RFK Jr.’s Stance on Bitcoin and Financial Freedom

A long-time advocate for financial sovereignty, Kennedy has been vocal about his support for Bitcoin and decentralised currencies. During his 2024 presidential campaign, he proposed bold initiatives, including:

  • Encouraging the US Treasury to hold Bitcoin reserves as a hedge against inflation.
  • Strengthening crypto regulations in favour of individual financial autonomy.
  • Opposing central bank digital currencies (CBDCs) due to concerns over government overreach and financial surveillance.

His confirmation now raises major questions about how his crypto-friendly policies might impact financial and healthcare sectors in the United States.

Robert Kennedy Jr. Debuted His Campaign At Bitcoin Conference
Robert Kennedy Jr. Debuted His Campaign At Bitcoin Conference

How This Affects Crypto Policy in the US

With RFK Jr. holding a key role in the Biden administration, could we see a shift in the government’s stance towards Bitcoin and decentralised finance (DeFi)? Key areas of interest include:

💰 Potential Bitcoin Treasury Reserves – Will the US government embrace BTC as a hedge?
🏛 Regulatory Changes – Could Kennedy push for pro-crypto regulations that protect digital assets?
🛑 CBDC Opposition – His appointment might slow down government-backed digital currencies in favour of decentralised solutions.

RFK Jr. Gets Started on His Health Promises at HHS
RFK Jr. Gets Started on His Health Promises at HHS

RFK Jr.’s Role in Healthcare and Crypto Policy

Beyond his crypto advocacy, RFK Jr. is stepping into a critical role overseeing public health policies, healthcare funding, and pharmaceutical regulations. His tenure may see a significant overhaul of current policies, particularly concerning medical freedom, vaccine mandates, and the integration of blockchain technology into the healthcare sector.

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Blockchain-based solutions could enhance medical record security, streamline healthcare transactions, and improve supply chain transparency. With Kennedy at the helm, we might witness increased adoption of decentralised technology in health services, creating a more transparent and secure system for patient data management.

RFK Jr. confirmed as HHS secretary
RFK Jr. confirmed as HHS secretary

The Future of Decentralisation in Government

Kennedy’s appointment is a bold step towards the integration of decentralised financial and technological solutions into government infrastructure. While his influence within the administration will be tested, his ability to advocate for economic and digital freedom within a structured government framework will set a precedent for future discussions around cryptocurrency and decentralised governance.

RFK Jr. Reveals that He Bought 21 Bitcoin
Pro-Bitcoin Advocate RFK JrRFK Jr. Reveals that He Bought 21 Bitcoin

The global crypto community is keeping a close watch on how Kennedy balances health policy with financial innovation. His actions could determine whether Bitcoin gains further legitimacy within government reserves, or if his influence remains largely symbolic within the broader regulatory landscape.

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