Crypto markets have experienced a downturn due to multiple factors. Bybit, a major digital assets exchange, was targeted in a $1.4 billion hack, causing investor concerns. Bitcoin, Ethereum, XRP, and other top cryptocurrencies have all experienced drops in value. In addition, worries about inflation have spooked investors, resulting in a 3% drop in the overall crypto market. Futures traders have also been affected, with over 192,000 liquidated positions in 24 hours. This dip in prices coincides with weaker-than-expected economic data and fears of inflation caused by U.S. tariff policies. The hack on Bybit has further impacted market sentiment, with the exchange seeking a bridge loan to recover customer funds.



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