PANews reported on February 24 that Bitfinex reported that Bitcoin has remained range-bound over the past week as market momentum continues to stagnate, and has now traded between $91,000 and $102,000 for more than 90 days. On Friday, February 21, volatility soared after news of ByBit being hacked and a massive sell-off on the expiration of S&P 500 options, leading to a 4.7% drop that day to nearly $95,000, before recovering over the weekend. Across the cryptocurrency market, most major assets entered a correction phase after rebounding in late 2024. Bitcoin (-5.9%), Ethereum (-16.9%), and Solana (-33.1%) all fell in February after rebounding in November and December 2024, while Memecoins, which soared in December, fell sharply by -37.4%.