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Why Is the Crypto Market Down Today?
A mix of factors, including the Bybit hack, investment outflows, and key resistance levels, has pushed the crypto market lower.
What we will talk about today...
Why Is the Crypto Market Down Today?
Biggest Crypto Hack in History Shakes Market
Scaling DeFAI Safely in the AI Era

A mix of factors, including the Bybit hack, investment outflows, and key resistance levels, has pushed the crypto market lower.
📈 Crypto Trends: The crypto market is navigating a period of neutrality, as indicated by a Fear and Greed Index of 40. With Bitcoin dominance at 60.51%, the market is balanced but cautious. In the last 24 hours, major cryptocurrencies have seen slight dips, with Bitcoin down… x.com/i/web/status/1…
— Crypto Zone 🆇 (@cryptozone_x)
10:01 AM • Feb 24, 2025
Main Points:
Bybit Hack Fallout: The $1.4B hack triggered a sell-off, deepening the correction.
Investor Outflows: Crypto investment products saw $508M in withdrawals last week.
Macroeconomic Pressure: Uncertainty around inflation and Fed policies weighs on sentiment.
Technical Resistance: The total crypto market cap struggles to reclaim key levels.
Detailed Insights:
Ethereum Leads Decline: ETH fell 5%, with BTC and SOL also posting losses.
Liquidations Surge: Over $268M in leveraged positions were liquidated in 24 hours.
Institutional Caution: Investors remain risk-averse amid macroeconomic uncertainty.
Market Outlook: If $3.03T support fails, further downside toward $2.72T is possible.
With sentiment neutral and resistance strong, the market awaits clearer direction.

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Biggest Crypto Hack in History Shakes Market
Bitcoin remains above $95K, but altcoins decline as the Bybit hack shakes market sentiment. Solana meme coins plummet after being used to launder stolen funds.
Latest Update: Bybit has already fully closed the ETH gap, new audited POR report will be published very soon to show that Bybit is again Back to 100% 1:1 on client assets through merkle tree, Stay tuned.
— Ben Zhou (@benbybit)
3:28 AM • Feb 24, 2025
Lazarus Group just connected the Bybit hack to the Phemex hack directly on-chain commingling funds from the intial theft address for both incidents.
Overlap address:
0x33d057af74779925c4b2e720a820387cb89f8f65Bybit hack txns on Feb 22, 2025:… x.com/i/web/status/1…
— ZachXBT (@zachxbt)
8:09 AM • Feb 22, 2025
Main Points:
Bybit Fills $1.4B Theft Gap: The exchange assures full asset backing and user refunds.
Altcoins Under Pressure: Crypto market cap (excluding BTC) drops to $1.18T.
Bitcoin Faces Resistance: Struggles to reclaim $100K as ETF inflows weaken.
Solana Meme Coins Hit: Hackers launder funds, driving a 12% market cap loss.
Detailed Insights:
Market Correction: Crypto market cap falls 3.7%, reflecting uncertainty.
Bitcoin ETF Caution: 56% of inflows tied to arbitrage, not long-term buying.
Altcoin Season Delayed: BTC dominance climbs to 61.5%, limiting altcoin rallies.
Solana Decline: SOL nears 3-month low as laundering concerns grow.
With traders wary post-hack, Bitcoin’s $93.5K support is key to avoid a deeper correction.

₿itcoin reached $94,268. -1.59%
♢Ethereum reached $2,654. -5.82%

As AI agents reshape DeFi, scaling DeFAI securely requires addressing risks like hallucinations and systemic failures.
Main Points:
AI in DeFi: AI-driven agents could handle 50%+ of on-chain volume by 2025.
Security Risks: AI hallucinations and systemic failures pose major threats.
Mitigation Strategies: Rulesets, stress tests, and AI guardrails are essential.
Future Outlook: DeFAI adoption is rising, but safety measures must evolve.
Detailed Insights:
AI Agents in DeFi: MEV bots and agent market makers are becoming more advanced.
The Hallucination Problem: AI errors could cause major financial losses.
Risk Management: Real-time verification and adaptive AI safeguards are crucial.
The Road Ahead: A secure DeFAI ecosystem requires continuous innovation and collaboration.
Can DeFAI revolutionize DeFi while staying safe? The right security measures will decide.

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🚀The Crypto World & Happy Investing🚀
This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results