Why is the current crypto market down?

A series of major hacks has damaged investor confidence. The Bybit hack resulted in a staggering $1.4 billion loss in Ethereum, causing panic selling across the market. While Bybit's CEO Ben Zhou confirmed the recovery of $742 million, many investors remain worried about security.

$BTC $ETH $SOL

BTC
BTCUSDT
70,670.8
+0.53%
SOL
SOLUSDT
90.07
+0.95%
ETH
ETHUSDT
2,157.08
+0.88%

#Currentmarketcap #Marketdown