DeFi exchange Curve Finance was hacked, with hackers allegedly stealing about $41 million worth of cryptocurrencies. Most of the other top 10 non-stablecoin cryptocurrencies also traded lower, with TRX performing the worst. The incident has raised concerns across the market about future trends.
Although it fell in the early morning, BTC is still firmly above 29,000. In fact, we have already given some ideas last week. First of all, for the current market, shorts still outweigh ups. As for the reasons, I have mentioned them many times in previous blogs. It is expected that the volatility of BTC will show a good increase from the end of this year to next year. In addition, LTC (Litecoin) will soon usher in its third halving, which may bring about everyone's fomo sentiment, thereby driving a round of price increases.
With the end of the interest rate hike, the US financial report last week is still good. So far, there has been no significant impact. The current market is still in a slow decline. It is not the best time to sell spot goods! The market is still full of uncertainty, so it is wise to maintain a cautious and rational attitude. Investment is risky, so be careful with contracts!
