Ethereum (ETH) traded around the $2,650 level, marking a 5% decline within the past 24 hours. This drop reflects traders' worries about potential further decreases after Friday's Bybit hack, which placed considerable downward pressure on the value of the world's second-largest cryptocurrency by market cap.

Following the revelation Friday from cryptocurrency exchange firm Bybit that hackers stole digital tokens worth about $1.5 billion – in what may be the biggest crypto heist of all time – CEO Ben Zhou wrote on X Sunday that it has replenished its reserves. Bybit was able to do this through a mix of emergency loans and large deposits.