Bitcoin’s price has decreased significantly, now sitting at $95,000 after reaching a peak of $99,380. This decline follows a major $1.5 billion hack of ByBit, which has created turmoil in the cryptocurrency market.

Ethereum has also faced a notable drop, falling from $2,840 to $2,621 due to the hack that involved the theft of ETH. Additionally, Solana’s price has declined by over 7% in the last 24 hours, dropping below $160 to a low of $158.1, amid heightened selling pressure related to upcoming unlocks.

• The Raydium token, a key decentralized exchange on Solana, has fallen by 30%.
• Other altcoins, such as HYPE, ENA, IP, and GALA, have also experienced considerable losses.

Conversely, some tokens have gained value, including:

• Theta Fuel increasing by 11%
• Sonic (formerly Fantom) rising by 8%
• The newly launched KAITO token up by 6%

The overall cryptocurrency market has shrunk by 1.22% today, now valued at $3.14 trillion, with a 24-hour trading volume of $85 billion.

📎 Related coverage from: cryptotimes.io