We woke up to another Sunday with Bitcoin (BTC ($96,380.84)) 
$96,541 still below the six-figure price level, while altcoins remain stagnant. Despite a promising rise on Friday, the situation drastically changed with the historic hack of the largest cryptocurrency exchange by USD value. What is the current state of cryptocurrency?
Bitcoin (BTC)
Following the $1.46 billion loss at ByBit exchange, BTC and other cryptocurrencies dropped sharply. As of this writing, BTC is at $96,450, hovering around this point for nearly 95 days. The price has remained trapped between $101,400 and $94,200, with altcoins suffering greater losses with every decline.
The $98,400 level is critical, and just as it was breached on Friday, the hack occurred. If historical data offers any guidance, the ByBit hack might remain a bottom news story, potentially signaling the end of a 95-day nightmare.
