Bybit News: Hedera (HBAR) Experiences Significant Price Decline Amid Decreased Trading Volume

Hedera (HBAR) Price Prediction for March 18

In the past 24 hours, the price of Hbar has seen a strong bearish rally, declining toward the immediate support channel with a drop of 3.4%, reaching a low of $0.1843. The trading volume for Hedera has also decreased by 38% over the same period, totaling around $205 million. Looking at a longer timeline, Hedera’s price has been decreasing since December 3, when it dropped below $0.39. On February 3, the price crashed heavily, dropping below $0.2, and the hack in Bybit pushed it further below this level. In the last 24 hours, Hedera’s market capitalization has dropped by 4.7% to $7.71 billion. The HBAR price is experiencing downward volatility as it heads toward the low of $0.18.

North Korea Active in Crypto and DeFi, ZachXBT Claims

ZachXBT discovered a network linked to North Korea while trying to freeze transactions from the recent Bybit hack. He identified the Lazarus Group as the perpetrators and expressed concerns about the industry’s ability to solve the problem, which could lead to anti-crypto regulations. ZachXBT described an “eye-opening” network of North Korean activity in the DeFi space, with several protocols having nearly 100% of their monthly volume/fees from the DPRK. Centralized exchanges were also criticized for their slow response to illicit funds.