This week in the cryptocurrency market was a week of heightened fear and big drops. Bitcoin, which started the week with sharp declines, shook the market with the loss of $80,000 near the monthly close. The rhetoric of Donald Trump, the first pro-crypto US president, has tragically caused cryptocurrencies to bleed. Here’s what happened this week…
Bybit recovers $1.4 billion Ethereum loss
Bybit, which lost $1.4 billion worth of Ether (ETH) assets in a scandalous hack attack last week, started the new week by recovering the losses. Bybit management assured its users that their assets were not affected and announced that the assets stolen as a result of the hack attack have been replaced. The Bybit exchange reported that it has recovered after destroying the last shreds of confidence in the crypto market in the previous week. The loss of a major exchange to the biggest hacking attack in history will be a memory that will live long in the memory.
Pump.fun shakes up Solana’s largest decentralized exchange
Things have not been going well at the Solana blockchain in recent weeks. Following the Memecoin scams, growing controversy and billions of dollars of liquidity lost, Solana has faced protests from investors who care about the technology. Solana, which has been going through difficult times, was subjected to internal turmoil on the first day of the week. Solana’s largest decentralized exchange, Raydium, lost over 20 percent in 24 hours after Pump.fun announced that it would launch its own exchange. This decline led crypto investors to avoid trading on Solana.
Arbitrum community revolts: Reaction to ETH proposal!
An interesting vote was presented to the community at Arbitrum, which is managed by the decentralized management form DAO. The vote involved investing 7,500 ETH in Lido, Aave and Fluid. The Arbitrum community argued that the proposal was a betrayal and that the assets should be kept within the Arbitrum ecosystem. ARB struggled with $0.40 while the community was in turmoil. Let’s just say that one of the most important projects in the crypto market is going through an unlucky period.
Another week, another hacking scandal: Infiniti hacked
Neobank startup Infiniti suffered significant losses after its Ethereum contracts were subjected to a hack attack. Infiniti management announced that its customers will be compensated for their losses and that an investigation into the hack attack has been launched. Following the hack attack on Bybit the previous week, Infiniti’s hacking has raised reactions. Crypto investors expressed that they want a more reliable market and that regulations are necessary.
The bears are pressing on: Berachain breaks records, overtakes Arbitrum!
Berachain (BERA), the newest and most prominent layer-1 project of 2025, continues to gain value amid growing investor demand. Despite the negative market conditions, the Berachain ecosystem has achieved a historic success. Berachain’s total locked asset (TVL) value exceeded $3.2 billion. According to the data, Berachain surpassed major blockchains such as Arbitrum and Base with this TVL amount. Or is a new rival coming to Solana?
Strategy kept buying Bitcoin
Technology company Strategy (formerly MicroStrategy) made a heartening announcement on the first trading day of the week. Strategy added a new one to its regular Bitcoin purchases. According to the announcement, the company bought 20,356 Bitcoins for $2 billion. Although Strategy’s aggressive purchase of Bitcoin is appreciated, it has started to scare crypto investors. The tech company may be forced to sell Bitcoins in the event of a possible bankruptcy. This could cause cryptocurrencies to turn bearish again.
Trump pushes cryptocurrencies
US President Donald Trump’s tariffs and sanctions rhetoric continue to negatively affect the cryptocurrency market. Bitcoin price lost $90,000 after Trump announced plans to impose 25 percent tariffs on Mexico and China. With the fall on Tuesday, there was an earthquake in the cryptocurrency market. While many altcoins fell close to 20 percent, liquidation data experienced a huge explosion. The data shows that close to $ 1.5 billion in liquidations were seen this week and 100 thousands of investors were liquidated.
Nvidia comforts cryptocurrencies with higher-than-expected revenue
Nvidia, one of the world’s largest technology companies, continues to grow due to increasing demand in the field of artificial intelligence. Nvidia reported that its fourth quarter revenue increased by 12 percent compared to the previous quarter and 78 percent compared to a year ago, with artificial intelligence chips coming to the fore. The company reported revenue of $ 39.3 billion in the fourth quarter. The fourth quarter report, which is closely related to cryptocurrencies, came above expectations and breathed a sigh of relief. Nevertheless, cryptocurrencies could not rise despite the positive news from Nvidia.
Bitcoin lost 80 thousand dollars: All hell broke loose!
Bitcoin, the leading cryptocurrency, plunged sharply early Friday, falling below $80,000. Following the decline, the crypto market liquidated close to $1 billion. While liquidations took place predominantly in long (bullish) trades, altcoins reached new lows. The big decline was associated with US policies. Cryptocurrencies are spending this week with sharp declines. So how will February end?
This fear was last seen in the FTX Bankruptcy!
The index measuring fear and greed in cryptocurrencies has fallen to the “Extreme Fear” level. The index reached a historic low of 10 points out of 100. The last time crypto investors were this fearful was during the FTX and Terra crises in 2022. The declines in Bitcoin and the bleeding of altcoins caused the fear index to explode. After 3 years, it remains to be seen when the scariest level will end.
“Rental income” shock for Turkish investors
Some investors who withdrew money from Binance TR, Binance’s subsidiary in Turkey, claimed that the description of the money transferred to their bank accounts said “rental income payment”. Many investors faced tax liability for crypto income they received as rental income. The Turkish Revenue Administration issued a statement about the situation, stating that the situation in question is a systemic problem and that they can correct the situation if citizens notify them.
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