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
67,947
+0.17%
SOL
SOLUSDT
84.36
+0.92%
ETH
ETHUSDT
1,964.48
+0.08%

#Currentmarketcap #Marketdown