After the last few weeks the crypto world has gotten a lot of bad news, one of the worst is the theft of more than $1.4 billion from Bybit, these thieves managed to take advantage of the bybit team negligence to successfully steal the money, even though all wallets connected to the money have been marked, this has a significant impact on prices in the market, especially Bitcoin.
You missed later report and forensic analysis that mistakes and security faults are from Safe, the multisig wallet provider, not from Bybit.
It is truly big bad news but Bybit resolved that situation well and there was no bankrun that could kill Bybit like FTX years ago. It's positive news after all and yesterday Donald J. Trump announced his national strategic cryptocurrency reserve for the USA. Surprising enough that Bitcoin is not mentioned but Bitcoin managed to soar about 10% yesterday and nearly reclaim what it lost after Bybit hack last week.
We saw Bitcoin making it to new ATH last year after Bitcoin ETF's were launched. Now President Trump naming five cryptocurrencies as part of his proposed reserve of digital assets, this may start another era where Bitcoin's may seeing new ATH's. News have huge impact on Bitcoin price, Bitcoin went above 90k after the news of crypto reserve broke out. Likewise Bitcoin price can go down with same speed in case there is negative news about Bitcoin.
I believe Donald Trump will add Bitcoin to this reserve later, and I also believe that Bitcoin will repeat its history and cycle pattern. This year will be a bullish year for Bitcoin and it will make a new ATH in this year but how high the absolute ATH for Bitcoin in this market cycle, this year 2025, I can not say.