Crypto’s ‘poor sentiment’ continues to weigh on Altcoins and Ether

Bitcoin was down about 1.4 per cent to around US$94,442 as of 1:53 p.m. in New York. The original cryptocurrency seemed to draw some support from Strategy’s announcement on Monday that it spent nearly US$2 billion to buy Bitcoin over the past seven days.
Ether remained under pressure even with the exchange Bybit saying it replenish all of the the estimated US$1.4 billion it lost to hackers last week. Bybit borrowed some Ether and appears to have purchased some Ether, according to a repost on X from chief executive Ben Zhou.
Shares of crypto-related companies were also lower. Coinbase Global Inc. was down for a sixth day. Strategy was off by around one per cent is is a now little changed on the year. Bitcoin miner MARA Holdings Inc. was about 2.6 per cent lower after slumping 13 per cent last week.