The Ethereum price is again under pressure after Bybit snatched $1.5 billion in ETH in the largest hack in crypto history. This huge security breach shook investor confidence and further threw doubts over the Ethereum price and wider market. Analysts are looking to March catalysts from Remittix (RTX) and Cardano to help stabilise sentiment and reignite bullish momentum as panic spreads. With both projects introducing major developments, could they provide the boost needed to counteract the latest market turmoil?
Bybit Hack Shakes Market as Ethereum Price Drops
Bybit suffered a major security breach today, with attackers stealing approximately $1.4 billion in Ethereum-based tokens. The hack sent shockwaves through the market, causing the Ethereum price to drop 2% to $2,685.
Bybit CEO Ben Zhou explained that the attackers exploited a routine wallet transfer. The team unknowingly approved a transaction that altered the cold wallet’s smart contract logic, allowing the hackers to withdraw funds. The stolen assets were then distributed across 39 different addresses to obscure the money trail.
Rather than buying back ETH to cover losses, Bybit is working with partners to secure bridge loans. Transaction volumes on the platform have surged 100 times above normal, causing processing delays for large withdrawals.
Despite the breach, Zhou confirmed that Bybit remains financially stable. However, the incident has increased selling pressure, further affecting the Ethereum price. With investors watching closely, it remains to be seen how quickly the Ethereum price can recover from the shock.
Cardano Price Eyes Breakout as Key Levels Hold
Cardano (ADA) is preparing for a breakout, with market analysts closely watching the $0.74 and $0.83 price levels. If ADA breaks resistance at $0.83, a sharp increase might push the price towards $1. A close below $0.74 might see ADA plunge to $0.56, doubling down on bearish sentiment.
Source: CoinMarketCap
Market expert Ali Martinez has noticed an ascending triangle pattern in the Cardano price charts, a technical pattern which usually signals an upward breakout. ADA has been making higher lows and closing below resistance at $0.83. This pattern signals increasing buyer confidence and a possible breakout.
A breakout past $0.83 will signal a new high for ADA following a long bearish phase. Cardano lost 58% since hitting $1.3278 in December 2024, mirroring wider market troubles. But optimism returned in recent weeks as Grayscale’s spot ETF application neared.
If momentum sustains ADA, it might recover $1, a psychological point for traders. The next few days will determine whether Cardano will keep its recovery or perhaps in case another pullback is imminent.
Remittix (RTX): A Token With Stability Among Market Uncertainty
While the crypto sector shakes from the Bybit hack, investors are searching for projects with real-world use cases and long-term sustainability. Remittix (RTX) is among the most promising PayFi solutions, enabling users to make and receive payments anywhere without having the high costs and delays of conventional banking.
Unlike speculative assets that thrive on hype, Remittix is practical and allows immediate, low-cost, cross-border payments. It supports crypto-to-fiat conversions and lets users swap money between digital and fiat currencies. This functionality is helpful for freelancers, international companies, and everyday individuals who require secure and fast payment methods.
Remittix’s decentralised architecture and transparency are among its best features. With mounting concerns about centralised exchange vulnerabilities, RTX offers a safer way to manage digital assets. Users retain control over their money and avoid third-party risks.
Beyond remittances, merchants and e-commerce websites use Remittix to accept crypto payments with little friction. A crypto debit card is added for usability, enabling people to spend their electronic currency anywhere. Mastercard and Visa are accepted. This move toward mainstream adoption sets RTX apart from other tokens and positions it as a leader in digital payments.
The market is searching for stability, but Remittix is proving that utility-driven projects are more important than speculation. With a solid environment, real-world uses, and merchant adoption, RTX is positioning itself as the next big thing in global finance.
Join the Remittix Presale Today!
With the market still unsure, investors are seeking healthy, high-utility projects, and Remittix (RTX) is among the top contenders. The presale has raised over $12.5 million, and millions of RTX tokens are bought as early adopters assess the project’s long-term viability in the PayFi space.
With the current presale price set at $0.06, interest is growing fast, and analysts predict a significant upside once RTX goes live on major exchanges. Now is the time to secure RTX at its lowest price before the next presale phase pushes prices higher.
Join the PayFi revolution with Remittix:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
Source: https://www.cryptopolitan.com/bybit-hack-largest-in-crypto-history-after-1-5b-in-eth-stolen-can-remittix-and-cardano-march-catalysts-save-the-market/