Bitcoin bounces above $76,000 as DeFi suffers $14 billion exodus after KelpDAO hack
CoinDesk·2h ago·Neutral
What Happened
Bitcoin recovered to $76,042 Monday, gaining 2.4% despite Iran-U.S. escalation risks and a $14 billion DeFi exodus following the KelpDAO hack. Ethereum, XRP, and Solana mirrored gains as the CoinDesk 20 rose 1.7%. Oil surged 6% to $90, while U.S. stocks slipped modestly. Spot ETF inflows and genuine demand supported crypto resilience amid macro uncertainty.
Key Entities
BitcoinEthereumIranUnited StatesKelpDAOCoinbaseWintermuteCoinDesk 20