Market Shaken by Massive Heist and Economic Uncertainties

Bitcoin experienced a significant drop, falling more than 5% and dipping below the $92,000 mark, reaching its lowest point since February 3. This decline 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 Economic Uncertainty

Investors are increasingly worried about the potential for a trade war between the United States and China, following the imposition of tariffs by the U.S. This economic uncertainty has also impacted Wall Street, which closed with sharp losses on Friday and continued its downward trend on Monday.

Bitcoin and Ethereum Prices

At 7:08 pm ET, Bitcoin was down by 0.07%, trading at $91,506.707. Shortly after, Ethereum also saw a decline of 0.38%, with its price at $2,494.2727.