Crypto shrugs off Bitget's $351.6 million hack as altcoins rally: Crypto Markets Today
Summary
Bitcoin held near $84,342 after rising from below $63,000 in August, while altcoins rallied: 93 of the CoinDesk 100 constituents gained, and the CoinDesk 80 rose 4.7%. The altcoin season index reached 56, its highest in over three months. Chainlink, Internet Computer and Bittensor helped lift the computing index 9.5%, while the DeFi index gained 8.7%. The rally continued despite a $351.6 million Bitget hack involving compromised wallet-infrastructure systems; the exchange said private keys were not compromised and cited a $464 million protection fund, while suspending withdrawals for a security review. Markets also found support from reports of U.S.-Iran talks on reopening the Strait of Hormuz and lower oil prices.
