Weekly Crypto Forecast
Bitcoin held steady above $74K this week as the total market cap reached $2.53 trillion, but the spotlight was stolen by a major DeFi shock: a sophisticated exploit allowed a hacker to borrow $236 million in ETH on Aave using fake collateral, triggering over $5.4 billion in TVL drainage and widespread liquidity chaos. While the core protocol wasn’t directly hacked, the incident exposed deep interconnected risks across the ecosystem. On the positive side, institutions showed strong conviction with MicroStrategy dropping $2.54 billion on BTC and BitMine making its largest ETH purchase in months. Tune in for details on the Aave fallout, technical levels in this range-bound market, and why big players continue buying through the turbulence. DYOR!
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