Bitcoin drops below $90,000 as global jitters combine with Bybit hack

In a shocking turn of events, the value of Bitcoin fell below $90,000 yesterday. This significant drop in value is being attributed to the combination of global economic uncertainties and the recent hack of cryptocurrency exchange, Bybit.

The digital currency market has been experiencing volatility due to various geopolitical occurrences causing global financial jitters. The tension has only been amplified by the security breach at Bybit.

As a result, many investors are pulling their funds from digital currencies, causing the price of Bitcoin to plummet.

As investigations are ongoing, it remains to be seen if stability will return to the Bitcoin market, or whether these occurrences signal a long term downward trend for the digital currency.

More updates to follow. Read More