Bitcoin Bounces Back Above $90K as Markets Stabilize
After recent volatility and sharp drawdowns, Bitcoin climbed back above $90,000–91,000, with Ethereum and some major altcoins also recovering modestly — a sign the market may be attempting to stabilize.
This rebound suggests some capitulation may be over, and dip-buyers or weak-hand sellers might be done. But without renewed inflows or structural demand, volatility remains high — so treat the bounce with caution.
Major Hack on South-Korean Exchange Impacts Solana Ecosystem — ~$36M Stolen
The exchange Upbit confirmed a hack that drained around ₩54 billion (approximately $36 million) in assets tied to the Solana network. Withdrawals and trading for affected wallets were immediately suspended.
Security breaches on major exchanges severely undermine trust — especially for alt-coins and ecosystems like Solana. Expect SOL and related tokens to face pressure; investors may tighten risk exposure or exit smart-contract/e-asset plays back in favor of more liquid/safer assets.
Market Conditions Still Fragile — Analysts Warn BTC Could Revisit Lower Support Zones
Despite the short-term bounce, broader trend drivers — forced liquidations, weak institutional demand, macro uncertainty — remain in play. Many analysts argue the correction isn’t done, and price could test lower supports again.
The combination of shaky flows and macro headwinds makes any rally fragile. Traders and investors should prepare for potential volatility swings, use cautious sizing, and watch funding and liquidity metrics before assuming a sustained recovery.
Crypto Adoption and Infrastructure Remain Active — New Fund Launches & Tokenization Hype Continues
Despite the turbulence, certain parts of the crypto ecosystem keep growing: tokenization, alternative-asset funds, and infrastructure are still being built — suggesting a longer-term institutional conviction underlying the cycles.
These structural developments often precede the next bull phase. Even though prices are shaky now, institutional and infrastructure interest could support a rebound down the line — making dips more appealing for long-term oriented players.