Has the crypto bear market arrived?
Author: Bootly
The cryptocurrency market was hit hard just as November began.
Bitcoin not only broke below the key level of $108,000 but even fell to around $105,949 at one point, with a single-day decline exceeding 4%. As this downturn unfolded, the total market capitalization of the entire cryptocurrency market also contracted to approximately $3.51 trillion.
In addition, Balancer, a veteran DeFi protocol, encountered a significant security vulnerability today. An attacker stole $128 million in assets from its v2 vault, which manages $678 million in liquidity and serves as critical infrastructure for the DeFi ecosystem. This string of negative news left many seasoned participants reminiscing about “familiar times,” as the situation…
