@emiliaxv3tford
After the news of Bybit being hacked came out, the market was quickly impacted: investors' trust in centralized exchanges was severely hit, and they withdrew their funds from the exchanges and sought self-custody. In particular, the price of Ethereum plummeted from about US$2,700 to around US$2,100 on the day the news was exposed, a drop of more than 20%, reflecting investors' panic and concerns about the safety of the ETH ecosystem.
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