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
76,003.2
-1.60%
SOL
SOLUSDT
83.89
-1.67%
ETH
ETHUSDT
2,076.58
-1.48%

#Currentmarketcap #Marketdown