Bitcoin holds $76K as DeFi hit by $14B outflows

Bitcoin climbed back above $76,000, rising around 2.4% over 24 hours, as crypto markets remained resilient despite escalating Iran-related geopolitical tensions.

The rebound came as oil prices surged करीब $90 and equities slipped, while steady spot ETF inflows and lower leverage signalled more durable demand supporting bitcoin’s price.

“The fact that prices have not fully retraced despite new tensions suggests some genuine demand,”

Said Wintermute trader, Jasper De Maere.

Market strength has been concentrated in large-cap assets, with Ethereum, XRP and Solana following bitcoin higher, while smaller altcoins continue to lag.

Meanwhile, decentralised finance markets were hit by a $292 million exploit involving KelpDAO, triggering widespread withdrawals and a sharp contraction in liquidity.

Total value locked across DeFi protocols dropped by $14 billion to around $85 billion, its lowest level in a year, as users rushed to exit positions amid fears of contagion.

The fallout highlights ongoing structural risks in DeFi, with analysts warning that repeated exploits may undermine user confidence and shift capital further toward more established crypto assets.

At the time of reporting, Bitcoin price was $75,755.28.