Coin-Turk 9 minutes ago
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The recent hack of ByBit has coincided with a decline in U.S. markets, triggered by a new disease emerging from China. This combination has resulted in Bitcoin (BTC ($95,206.55)) 
$95,372 dropping to a support level of $95,000. After struggling for days to rise by $4,000, BTC abruptly reversed its direction, leading to significant losses. What should you know about this new virus?
Market Declines
The decline in cryptocurrencies can primarily be attributed to the ByBit hack. Additionally, the viral outbreak in China has escalated concerns, causing panic among investors. Lastly, weak economic data related to consumer expectations in the U.S. is contributing to this sell-off, with stock prices plummeting as inflation concerns reach levels not seen since 1995.
The reasons for the drop in stock prices overlap with those affecting cryptocurrencies, resulting in even greater losses for BTC. Unlike during upward trends where BTC did not follow stock gains, it certainly did during this decline.
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