This week, the crypto market experienced a major downturn, largely triggered by a recent hack on a crypto exchange that led to widespread panic selling. Bitcoin (BTC) dropped by 11.37%, dragging the entire market down with it. Ethereum (ETH) saw a 13.72% decline, while Solana (SOL) and Uniswap (UNI) were hit the hardest, plummeting 18.79% and 22.91%, respectively. Bitcoin Cash (BCH) fell 4.32%, whereas XRP managed a slight 0.18% gain, and Litecoin (LTC) remained unchanged. The incident has shaken investor confidence, raising concerns about security and trust in exchanges, but many believe the market will recover as security measures improve and long-term fundamentals remain strong. Seasoned traders see this as a temporary setback, with opportunities for accumulation before the market rebounds.