🔘At the start of the week, the crypto market continued its sell-off, driven by negative sentiment following weekend events. Bitcoin declined by 0.6% but remained above $95,000, while altcoins suffered heavier losses. XRP dropped 4.1% to $2.49, Solana (SOL) fell 8.11% to $157, and Cardano (ADA) decreased by 5.89% to $0.733.
🔘Additional pressure came from the recent Bybit hack, which resulted in a $1.5 billion theft. Bearish sentiment was also fueled by a decline in the U.S. Consumer Sentiment Index and rising inflation expectations.