The cryptocurrency market saw a major drop on Jan. 31, with Bitcoin falling below $80,000 to trade at $77,934.46, the lowest since April 2025. The total market capitalization also fell by 7.9% to $2.7 trillion. Traders rushed to exit amid the losses, with nearly $2.51 billion in crypto positions liquidated in 24 hours. Step Finance reported a breach in its treasury wallets, with 261,854 Solana worth $26 million moved. Solana also fell 13.5% to $101.64. Step Finance has yet to confirm the impact on user funds. Established in 2021, Step Finance aggregates LP tokens, yield farms, and positions from Solana-based protocols.

Read more at Yahoo Finance: Another crypto platform gets hacked as market plunges