WS #15087
Cryptocurrency markets are under pressure as Bitcoin fails to reclaim $85,000, weighed down by surging US bond yields and a lack of institutional liquidity. The sector is further battered by the aftermath of the $388M Bitget hack, with the CEO admitting low optimism for fund recovery, echoing the Bybit precedent. This security failure, combined with technical compression in altcoins like XRP, is driving risk-off sentiment among crypto-native investors.
Crypto Liquidity & Security Crisis
Cryptocurrency markets are under pressure as Bitcoin fails to reclaim $85,000, weighed down by surging US bond yields and a lack of institutional liquidity. The sector is further battered by the aftermath of the $388M Bitget hack, with the CEO admitting low optimism for fund recovery, echoing the Bybit precedent. This security failure, combined with technical compression in altcoins like XRP, is driving risk-off sentiment among crypto-native investors.