Bitcoin struggles below $30,000 as Curve (CRV) hack sends altcoins lower Bitcoinprice BTC crypto
- The cryptocurrency market opened the week in the red as Bitcoin continues to struggle below $30,000 while multiple tokens in the top 200 saw declines after Curve Finance , a top decentralized exchange for stablecoins, was hit with a $70 million hack, which negatively affected protocols like AAVE that are integrated with the DEX.
Data provided by TradingView shows that Bitcoin bulls made several attempts to push its price higher only to be rejected by bears at $29,600, resulting in a return to support at $29,200, with bears now looking to force the price lower.“Prices are still in a fledgling downtrend on the daily bar chart, albeit at higher price levels,” Kitco senior technical analyst Jim Wyckoff said. “Bulls and bears are on a level overall near-term technical playing field at present.
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