Ethereum (ETH) is Down 17% in the Past Week

The Bybit hack contributed to pushing Ethereum down a cliff last week as $1.4 billion worth of ETH was stolen from a cold wallet owned by the exchange.

Ethereum (ETH) price fell sharply last week as the North Korean hacking collective Lazarus Group, which stole $1.4 billion from Bybit, began laundering the funds.

The theft occurred on February 7, but the exchange's silence and lack of cooperation with authorities have hindered efforts to recover the stolen cryptocurrency.

As a result, Lazarus Group is now actively laundering the funds and will likely sell its massive stash of stolen ETH, which could destabilize the market in the near term.

This development is unfolding as Trump's economic policies continue to weigh on the crypto market.

The former president's hostile rhetoric against China and his intention to raise tariffs on imported goods from Canada and Mexico are fueling geopolitical tensions.

Moreover, the Federal Reserve's reluctance to adjust interest rates despite fears that Trump's policies will result in higher inflation is also impacting crypto asset valuations.

However, despite these challenges, Bitcoin (BTC) price has shown resilience to temporary downswings, while altcoins and meme coins have faced steeper declines.

As traders search for tokens that can deliver big profits in the next bull run, a new altcoin called BTC Bull Token (BTCBULL) has emerged.

Just a couple of weeks after the launch of its presale event, BTCBULL has managed to raise over $2.9 million.

The project stands out for its unique milestone-based reward mechanism, which offers interesting opportunities to earn passive income while holding this meme coin.

BTC Bull Token (BTCBULL) Is Offering a Chance to Earn Passive Income As BTC Recovers

BTC Bull Token (BTCBULL) aims to compensate faithful BTC holders by creating a system through which they can earn some money on the side via token burns and direct BTC airdrops as the top crypto asset climbs to higher price levels.

The first of these milestones will be hit once BTC reaches $125,000, at which point a portion of BTCBULL’s circulating supply will be burned to foster scarcity, which should boost the price of this meme coin in the near term.

Moreover, for every additional $50,000 that BTC adds to its price on top of the initial $100,000 from which the $BTCBULL reward scheme started, token holders will receive an airdrop of BTC tokens directly into their wallets.

At its discounted price of $0.002385, BTCBULL could deliver significant gains to early buyers on top of these passive income opportunities.

To buy $BTCBULL, head to the official website of BTC Bull Token and connect your wallet. Best Wallet is the best choice to store your BTCBULL as you will receive real-time updates on the project.

You can also join their Telegram group or follow the project at its official X account to keep track of how the presale event is going.