The news: The price of Bitcoin fell below $90,000 after hackers stole $1.5 billion from Bybit, compounded by concerns around tariffs and the economy in general.
The breach was the largest ever in the crypto industry, per CNBC, with North Korea’s Lazarus Group stealing the funds that were on the token Ether during one of Bybit’s routine internal transfers. Bybit has already replenished its reserves through emergency loans and large deposits.