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Ethereum currency. Significant drop in cryptocurrency prices after the Ethereum wallet breach

Most cryptocurrency prices declined in trading on Monday, due to a widespread sell-off in the market, following the breach of the Ethereum wallet associated with the “Bybit” platform, in addition to a state of caution among investors due to fears related to the trade war and the economic policies of U.S. President Donald Trump.

The “Bybit” cryptocurrency trading platform suffered a security breach that led to the withdrawal of about 1.5 billion dollars from the platform's Ethereum wallet.

The CEO of the platform confirmed in a post on “X” (formerly Twitter) that the breach occurred after discovering the “Zash XPT” site conducting a suspicious transfer of 1.5 billion dollars worth of Ethereum to an external wallet.

In another context, markets are awaiting the earnings results of “NVIDIA” this week, especially after the close of Wednesday’s session, where the company is expected to reveal its plans regarding spending on artificial intelligence.

Data on the Personal Consumption Expenditures Index in the United States will also be released on Friday, which may affect market movements.

Last week, U.S. President “Donald Trump” announced his intention to impose new tariffs on a range of goods.