- Major Drop in the Crypto Market:
In recent days, the cryptocurrency market has taken a significant hit. Since Friday morning, the total market capitalization has dropped by $325 billion. Notably, today (February 26) around 5:00 PM, the market lost $100 billion within just one hour. The exact cause of this decline remains unclear, with debates ongoing about whether liquidity issues or another trigger are behind it.
New Crypto Regulation in Turkey:
A new regulation published in the Official Gazette today has introduced new rules for cryptocurrency exchanges in Turkey. Transactions exceeding 15,000 TRY now come with additional requirements. This applies to platforms like BinanceTR and means stricter oversight for users’ transactions.
Current Crypto Prices
As of this morning, Bitcoin has dropped to $88,688, Ethereum to $2,489, and XRP to $2.29. This market volatility reflects an overall atmosphere of uncertainty.
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Bybit Hack Allegations:
Recently, suspicious outflows totaling $1.46 billion were detected from the Bybit exchange, raising concerns of a potential hack. This incident has once again highlighted security issues within the crypto market.
The crypto world is currently going through a highly volatile and uncert
ain period.
