Market Shaken by Heist and Economic Fears

In a dramatic turn of events, Bitcoin's value plummeted over 5%, dipping below the $92,000 threshold to its lowest since February 3. This downturn comes in the wake of a significant security breach at the Bybit exchange, where $1.5 billion was stolen, causing widespread concern among investors.

Economic Uncertainty Adds to Market Volatility

Compounding the cryptocurrency's woes, the specter of a trade war between the United States and China looms large, injecting further uncertainty into global markets. This economic unease was mirrored in Wall Street's performance, which saw sharp declines, exacerbating the cryptocurrency market's instability.

Bitcoin and Ethereum Prices Reflect Market Anxiety

As the market grappled with these challenges, Bitcoin's price adjusted to $91,506.707, marking a slight decrease. Similarly, Ethereum experienced a downturn, trading at $2,494.2727, highlighting the pervasive anxiety permeating the cryptocurrency landscape.