Crypto Market Plunges After $1.4 Billion Hack Sparks Fears

The cryptocurrency market experienced a steep downturn this week, with major cryptocurrencies like Ethereum, Solana, and Bitcoin plummeting in value. This follows the largest-ever hack from the Bybit exchange platform, which saw nearly $1.4 billion stolen on February 21st. This theft has triggered heightened anxiety and uncertainty within the market, contributing to a significant decline in global cryptocurrency values.