Big news in the world of cryptocurrency! Imagine a digital bank, but instead of dollars, it uses special internet money called Bitcoin and Ethereum. Friday saw some big price changes because of a possible problem at a crypto bank called Bybit.
- Some people's digital money went missing from Bybit, around $1.4 billion!
- Bitcoin's price went down, from near $100,000 to about $97,000.
- Ethereum's price also fell by about 4%, going below $2,700.
- This made many people lose money because they were expecting the prices to go up.
| Cryptocurrency | Price Change |
|---|---|
| Bitcoin (BTC) | Down from near $100,000 to about $97,000 |
| Ethereum (ETH) | Down about 4%, below $2,700 |
| Total Losses | Around $100 million in leveraged trades |
