Weeks like this will rattle your conviction
Whether you’re new to crypto or a seasoned vet, there’s no sugar-coating that it has been a horrible week for markets. Bybit suffered the largest hack in the industry’s 15-year history, Bitcoin (BTC) plunged more than 20% from its high and US President Donald Trump inched closer to slapping 25% tariffs on imports from Canada and Mexico. Bitcoin proxy stocks also plunged due to a combination of earnings misses, operational losses and a strong correlation with BTC.
This week’s Crypto Biz newsletter dissects the fallout from the Bybit hack, Strategy’s latest price tumble and Paolo Ardoino’s warning that politicians want to “kill Tether.”
Bybit hack: The latest
On Feb. 21, Bybit suffered a $1.4 billion exploit at the hands…
