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
68,183.6
-4.11%
SOL
SOLUSDT
84.55
-4.40%
ETH
ETHUSDT
1,983.93
-4.82%

#Currentmarketcap #Marketdown