Ever wondered if the recent crypto market shake-up is a signal to diversify your portfolio?

With Bitcoin's price dipping below $90,000, Ethereum facing significant downturns, and Qubetics ($TICS) emerging as a promising contender

The recent crypto market shake-up has had a significant impact on the leading digital assets, with Bitcoin price dropping below $90,000 and Ethereum facing significant downturns. However, amidst this volatility, another project is emerging as a promising contender, particularly for those seeking the best token to invest in now.

Enter Qubetics ($TICS), a blockchain interoperability protocol that is revolutionizing the way different cryptocurrencies and protocols can interact seamlessly.

Bitcoin Price Today Drops Below $90,000 as Global Economic Concerns Weigh

Bitcoin tumbled 7.25% on Tuesday, slipping below the $90,000 mark for the first time since November 18, amid a selloff triggered by global economic concerns and the whopping $1.5 billion Ether hack from the Bybit exchange. The world’s largest cryptocurrency was trading at $87,169.76, sliding further from the $88,245 low hit earlier in the session.

The U.S. administration's plan to impose a 25% tariff on Canadian and Mexican imports, set to take effect in early March, has fueled market jitters and pushed investors toward safe-haven assets like U.S. Treasury bonds. The threat of a broader selloff arose as the Bybit hack was confirmed to be the largest known theft of digital assets, according to blockchain analysis firm Elliptic, which specializes in tracking illicit financial flows.

The exploit, which saw hackers steal a massive amount of Ether, began on Friday and sparked widespread fear among investors. While Bybit covered the losses from its bottom line, the incident pushed traders to unwind their leveraged positions, leading to a steeper decline in smaller altcoins compared to Bitcoin.

The delayed reaction to the hack, combined with growing macroeconomic pressures, could prolong the downturn in the crypto market.

Bitcoin Price Prediction: Long-Term Outlook Remains Bullish

Despite the recent drop, analysts are maintaining a bullish Bitcoin price prediction for the long term. According to technological analysis, BTC is expected to recover and reach $88,653.96 by 2025, continuing its upward trend to $93,086.66 in 2026 and $97,740.99 in 2027. By 2030, Bitcoin could potentially hit $113,147.42, reflecting a steady growth trajectory despite short-term volatility.

The post Bitcoin Price Today Drops Below $90,000 as Global Economic Concerns Weigh appeared first on Tokenhell.

Read More About: Bitcoin price today, global economic concerns, U.S. administration's plan, Canadian and Mexican imports, a selloff, the threat, arising as the Bybit hack was confirmed to be the largest known theft of digital assets, according to blockchain analysis firm Elliptic, which specializes in tracking illicit financial flows, the exploit, which saw hackers steal a massive amount of Ether, began on Friday and sparked widespread fear among investors, covered the losses from its bottom line, traders were pushed to unwind their leveraged positions, leading to a steeper decline in smaller altcoins compared to Bitcoin, the delayed reaction to the hack, combined with growing macroeconomic pressures, could prolong the downturn in the crypto market

Ethereum Price Drops 6% to $2,470 as Bybit Hackers Begin Laundering Stolen Funds

Ethereum price today slid 6% to hit a 20-day low of $2,470 on Monday, even as Bybit assured users that all 400,000 stolen ETH had been reimbursed and vowed to continue operating. The decline follows Friday’s exploit, where hackers drained a massive amount of ETH, triggering widespread market fear.

Although Bybit covered the losses from its bottom line, which began with 3,000 BTC and rose to 400,000 ETH, Ethereum’s price continued its downward trajectory as investors grew increasingly panicked and sought to sell their remaining digital asset holdings.

On-chain data revealed that the hacker had already begun laundering the stolen ETH through Solana-based meme tokens on Pump.fun, anticipating a major sell-off. With the stolen amount covering over 3% of Ethereum’s 120 million ETH supply, panic-selling is expected to exert significant pressure on the cryptocurrency’s price.

Meanwhile, Ethereum developers rejected the idea of a network rollback, which would return the blockchain to a snapshot before the hack. This decision further solidifies fears that the dumped ETH will keep pressuring prices, especially as the hacker is likely to continue selling the stolen tokens to minimize detection.

The post Ethereum Price Drops 6% to $2,470 as Bybit Hackers Begin Laundering Stolen Funds appeared first on Tokenhell.

Read More About: Ethereum price today slid 6