Bitcoin bounces above $76,000 as DeFi suffers $14 billion exodus after KelpDAO hack

Crypto steadied despite rising Iran tensions, but DeFi is reeling from one of the largest exploits of the year. What to know : Bitcoin rebounded above $76,000 despite rising Iran war risks sending oil prices higher. Equities remained flat. Steady spot ETF inflows and limited leverage suggest more durable demand for bitcoin, with capital concentrating in large-cap tokens while altcoins lag, a Wintermute trader said. DeFi markets were rattled by this weekend's $292 million KelpDAO exploit, driving total value locked down $14 billion to a one-year low, data shows.(Coindesk)