The cryptocurrency market is undergoing a significant sell-off, highlighted by $1.34 billion in liquidations within the past 24 hours. Major players Bitcoin (BTC), Ethereum (ETH), and XRP are leading the charge as prices plummet across the board.

The recent hack at Bybit exacerbates the situation, prompting panic among investors and resulting in broad sell-off activity. As almost all altcoins in the top 100 experience substantial price declines, market participants should remain vigilant and informed about ongoing trends.

This latest downturn underscores the importance of risk management and market awareness as volatility continues to shape the crypto landscape.