With the news of a serious hack on bybit a popular exchange wallet most us here uses, even though it has nothing to do with bitcoin directly yet I find it necessary to remind you all that leaving your coins or assets in an exchange wallet is a big red flag and for every reason always find a way to move your coins to a safe open source wallets.
Coin security should be a priority. buy bitcoin and never leave them on an exchange wallet or any wallet that does not guarantee good percentage of security.
It was a big hack on one of the biggest exchanges and therefore you gotta expect the bitcoin will react to it. When you see Bitcoin dumping on tarrif news that were even relevant for Bitcoin, but it shows the reaction with price dumping.
I do not know until when this price downward direction will continue, but soon Bitcoin will be over 100k again. 🚀
I wouldn't exactly call it a dump, it went down like ~2.8%. Maybe a mini dip would better suited