#BybitSecurityBreach $BTC $ETH

WHY CRYPTO MARKET CRASH SO HARD?

As of February 25, 2025, the cryptocurrency market is experiencing significant volatility. Bitcoin (BTC) is trading at $92,132, down 3.72% from the previous close. Ethereum (ETH) stands at $2,500.23, a 9.41% decrease. BNB is at $611.41, down 5.82%. Cardano (ADA) is priced at $0.683329, a decline of 8.92%. Solana (SOL) has fallen to $140.58, a 13.21% drop.

Several factors have contributed to this downturn:

Security Breaches: A major hack of the Dubai-based Bybit exchange resulted in the theft of $1.5 billion in Ethereum assets, intensifying market instability.

Regulatory and Political Scandals: The promotion and subsequent collapse of the $LIBRA cryptocurrency by Argentine President Javier Milei led to significant financial losses and political turmoil, further shaking investor confidence.

Macroeconomic Factors: Ongoing economic uncertainties and potential interest rate hikes have prompted investors to retreat from high-risk assets, including cryptocurrencies.

These events have collectively contributed to the current challenges facing the cryptocurrency market.