Market Shaken by Heist and Economic Uncertainty

Bitcoin experienced a significant drop, falling more than 5% to dip below the $92,000 mark, reaching its lowest point since February 3. This downturn comes in the wake of a massive heist targeting the Bybit exchange, where $1.5 billion was stolen. Bybit has since announced that transactions have returned to normal and recovery efforts are in progress.

Investor Concerns Over Trade War Implications

Investors are also grappling with economic uncertainty as the United States imposes tariffs on China, potentially sparking a trade war between the world's major economies. This uncertainty has spilled over into Wall Street, which saw sharp losses on Friday and continued its decline on Monday.

At 7:08 pm ET, Bitcoin was down 0.07%, trading at $91,506.707, while Ethereum saw a 0.38% decrease, selling for $2,494.2727 a minute later.