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
63,919.7
+1.44%
SOL
SOLUSDT
71.81
+4.31%
ETH
ETHUSDT
1,729.73
+1.71%

#Currentmarketcap #Marketdown