2024-5-17 18:08 |
Pink Drainer retires after stealing $85 million. Its shutdown marks an end to an era in crypto theft, but threats remain. The post Pink Drainer Shuts Down After Stealing $85 Million in Crypto appeared first on BeInCrypto. origin »
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Bitcoin (BTC) is undergoing one of the most challenging periods of the year, with prices retracting nearly 30% from its all-time high of $126,000 reached last month. This decline has raised concerns about a potential bear market, fueling fears within the cryptocurrency community and among BTC investors.
Earlier on Friday, Bitcoin (BTC), the leading cryptocurrency in the market, retraced further toward the $94,500 mark, intensifying concerns about a potential bear market for the broader digital asset industry.
The question dominating crypto desks this week is whether the cycle is intact, and when the bull run will return. Two widely followed macro commentators sketched the same causal chain from public-sector cash management to crypto asset beta, arguing that the current drawdown is a liquidity story first and a sentiment story second—and that its reversal hinges on the mechanics of the US Treasury General Account (TGA), Federal Reserve balance-sheet policy, and the timing of Washington’s reopening.
On November 2, 2025, crypto analyst Ignas | DeFi distilled crypto’s current standoff into a clean ledger of pros and cons. The Bearish Case For Crypto The first bear pillar is the “AI bubble” overhang.