On Wednesday evening, Bitcoin briefly exceeded $79K, confirming our view of relatively weak resistance in the $75–86K range. This was the positive side of the close correlation with traditional financial markets. The flip side of this correlation was a pause in growth as key indices pulled back from all-time highs, causing the leading cryptocurrency to retreat to the $78K range.

Crypto News

The Volo liquid staking protocol on the Sui blockchain lost $3.5 million due to a hack. According to estimates by Memento Research, April was the worst month for the decentralised finance (DeFi) sector in terms of losses. The largest incidents involved the Drift and Kelp…