Cryptocurrencies Experience Volatility as Bitcoin Dips and Altcoins Gather Strength
TL;DR Summary
Bitcoin dipped below $29,200 after stablecoin exchange Curve Finance suffered an exploit, putting over $100 million in crypto at risk. Despite this, Bitcoin has been range-bound between $29,000 and $29,500 as investors seek a catalyst. Ether and other major cryptocurrencies also sank following the Curve hack. U.S. jobs data will be closely watched for signs of a slowing employment market and the Federal Reserve's interest rate hikes. BitBull Capital's CEO expects the next major price spur to be the 2024 halving.
- Bitcoin Dips Below $29.2K After Curve Exploit but Continues Its Range-Bound Ways; ETH, SOL, MATIC Sink CoinDesk
- DOGE, MKR, OP and XDC gather strength as Bitcoin price remains range-bound Cointelegraph
- First Mover Asia: Bitcoin Climbs Back to $29.4K; Crypto's Decoupling From Stocks May Not Be Over CoinDesk
- View Full Coverage on Google News
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