Bitcoin experienced a significant drop to a multi-month low of just over $82,000, partly due to the Bybit hack and concerns about rising inflation. This caused investors to withdraw from BTC and ETFs. Ethereum also reached new lows, falling to around $2,200 before recovering slightly. AVAX and LTC were among the few assets that gained, while the overall crypto market cap decreased by $70 billion to $2.970 trillion.



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