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
72,423.3
-3.51%
SOL
SOLUSDT
91.11
-8.17%
ETH
ETHUSDT
2,123.66
-3.72%

#Currentmarketcap #Marketdown