Bitcoin holds near $84,000 on rate worries
Bitcoin's price remained stable near $84,000, with minor movements due to pressures from rising Treasury bond yields, amid anticipation of a major security breach experienced by the "Bitgate" platform. The world's largest cryptocurrency decreased slightly by 0.1% to around $84,000, despite achieving a weekly gain of 3.4%. Meanwhile, other cryptocurrencies maintained their weekly positive momentum amid optimism about US regulatory reforms. At the same time, the "Bitgate" platform was hacked, resulting in the theft of assets valued at $351.6 million. Investigations suggest a North Korean hacking group was behind the breach, with full losses covered by a user protection fund exceeding $464 million.
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