The market was already weak.
Then we had US stocks fall out of bed, which made things worse.
Then we had this:
(Source: https://x.com/BitcoinNewsCom/status/1892970826258899160/photo/1)
Bybit hacked to the tune of almost $1.5 billion worth of ETH.
While ETH got hit the hardest it also puts a chill over all of crypto.
It reminds users that your money can be stolen at any time if you leave on exchanges and causes people to lose trust.
Will take time to rebuild from this.