Crypto Market Vulnerability Exposed by DeFi Exploit and Fed Policy Uncertainty
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Bitcoin experienced a significant decline, falling to $82,605 amid Fed policy uncertainty and a $128M Balancer DeFi exploit. The incident triggered a 17% crash to $103,000, resulting in $1.3B in liquidations and raising doubts about DeFi security and algorithmic stablecoins. Major altcoins also entered bear markets as panic selling surged.
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