Bitcoin plunged 6% to $88,245, its lowest since November, while Ether dropped 11% to $2,333 amid a broader crypto sell-off. Altcoins like Solana and Dogecoin also saw double-digit losses, with weak sentiment and scandals further pressuring the market.
Also Read: Massive $1.5 Billion Crypto Heist Hits Bybit, Allegedly Linked to North Korean Hackers
The fallout from Bybit’s $1.5 billion hack and upcoming Solana token unlocks have added to investor concerns, with analysts warning of further declines unless new catalysts emerge.