Bitcoin remains stable above $95,000, while the overall crypto market capitalization excluding Bitcoin has dropped to $1.18 trillion on Monday. Analysts suggest that institutional interest in Bitcoin may be overstated as nearly 56% of Bitcoin inflows are linked to arbitrage strategies. Following a $1.4 billion hack by North Korea’s Lazarus Group, Bybit exchange has fully covered the stolen Ether and assured users of complete refunds if affected. Solana meme coins have seen a 12% drop in market cap over the past 24 hours as stolen funds were laundered through these tokens on Pump.fun. Bitcoin is trading at $95,563 on Monday, with the broader crypto market capitalization down 3.7% to $3.25 trillion, according to CoinGecko. The Crypto Fear & Greed Index indicates neutral sentiment, suggesting potential market volatility. Bitcoin struggles to reclaim the $100,000 mark amid declining institutional demand, with support at $93,572 being crucial. Bitcoin dominance is rising, reaching 61.50%, delaying the altcoin season. Bybit’s CEO confirmed the Ethereum gap from the hack is now closed, with plans for a new audited proof-of-reserves report. Solana-based meme coins used for laundering have seen their market cap drop by 12.5% in 24 hours, with Solana trading at $159.16. — news from FXStreet
