Bitcoin Falls Below $90,000 Mark Following Major Cryptocurrency Theft

The cryptocurrency market faces turbulence as Bitcoin drops nearly 20% since January, compounded by a $1.5 billion hack at Bybit.

Bitcoin's value has dropped below $90,000, reaching a low of approximately $87,600, with a 9% decline over the past five days.
The cryptocurrency has lost nearly 20% of its value since its January high of $109,356, recorded during Donald Trump's inauguration as U.S. President.
Investors had anticipated pro-crypto policies from Trump, but key expectations, such as a national Bitcoin reserve, have not materialized.
Cybercriminals executed a $1.5 billion hack on the Bybit platform, stealing 401,000 Ethereum, marking one of the largest cryptocurrency thefts to date.
Trump's recent announcement of advancing tariffs on Mexico and Canada has further dampened market sentiment, impacting both stock and crypto markets.