Bitcoin drops from recent highs as traders watch CME gap, DeFi hack fallout

Bitcoin pulled back after Friday’s surge as traders considered a CME futures gap, a DeFi exploit rattled altcoins and macro pressures weighed on sentiment. What to know : Bitcoin and ether fell, though a CME futures gap is fueling expectations of a possible move higher. A $292 million exploit tied to rsETH triggered DeFi contagion fears, slashing Aave’s total value locked and pressuring altcoins. Rising oil prices and weaker equity futures weighed on risk assets, reinforcing bitcoin’s relative outperformance.(Coindesk)