Crypto turns gloomy

The market is under significant pressure from factors including the visual representation of the recent Binance hack, weak institutional demand, escalating Middle East tensions, and the realization that many investors are currently sitting on losses. The crypto market has fallen by 2% to $2.57T, whilst the fear index has dropped to 26. Bitcoin is trading at $76.6K and is likely heading towards support at $75K and the 200-day moving average at $73K. The market is under pressure from the Binance hack, weak demand and investor losses.