Bitcoin reels below $90,000, global market jitters combine with Bybit hack

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Bitcoin reels below $90,000, global market jitters combine with Bybit hack - Channel News Asia

Quick Summary:

LONDON :Bitcoin hit its lowest in over three months on Tuesday, as nerves in markets over U.S.tariffs reinforced the blow to crypto investor confidence from last week's $1.5 billion hack of ether from the Bybit exchange.

Blockchain research firm Elliptic said the hack was more than double the last-biggest crypto heist and "is almost certainly the single largest known theft of any kind in all time".

Global investors have been jittery of late on signs the so-called exceptionalism of the U.S.economy might be fading, while President Donald Trump prepares to impose tariffs.