Bitfinex report: Bitcoin transactions become turbulent, major crypto assets enter revision phase

PANews reported on February 24 that Bitcoin has maintained range volatility in the past week due to the continued stagnation of market momentum, and has now traded between $91,000 and $102,000 for more than 90 days. Volatility soared Friday, February 21, following news of ByBit hacked and a sharp sell-off on the S&P 500 option expiration, causing a 4.7% drop to nearly $95,000 that day, before rebounding over the weekend. In the entire cryptocurrency market, most major assets entered a correction phase after rebounding in late 2024. Bitcoin (-5.9%), Ethereum (-16.9%) and Solana (-33.1%) all fell in February after rebounding in November and December 2024, while Memecoins, which soared in December, fell sharply- 37.4%.