Bybit News: Bitcoin’s Volatility Continues Amidst Hack and Political Announcements

2025 Bitcoin Price Prediction: BTC’s Volatility Continues

Bitcoin’s price has seen significant volatility over the past week, falling after the Bybit crypto hack and then rising due to US President Trump’s announcement of a crypto reserve. The price almost reached $95K before Trump’s tariff announcements sent it plummeting again. Currently, Bitcoin is trading at $87K, down just under 1% for the past seven days. In January 2025, Bitcoin reached an all-time high of $109K.

Lazarus Group Allegedly Launders $1.5B Bybit Hack Funds Using THORChain DEX

The North Korean-affiliated Lazarus Group has allegedly fully laundered funds stolen in the recent Bybit hack, transferring 500,000 Ethereum (ETH) primarily into Bitcoin (BTC). Blockchain security analysts identify Lazarus Group as the main suspect behind the attack. According to Arkham Intelligence, THORChain, a decentralized cross-chain liquidity protocol, has processed over $5.5 billion in transaction volume following the February 21 Bybit hack.