Bitcoin stays around $64K during tense Harmony exploit fallout

TL;DR

• Bitcoin held near $64,000 after a nine-day low of $63,200, while Harmony’s exploit minted 4 billion ONE, sending the token to a record low.
• July CPI was the macro catalyst as short takers reached 51.36%, bitcoin open interest stayed subdued and implied volatility remained compressed before release.
• XRP rebounded above $1 after briefly breaking below it, while UNI fell more than 10% and the crypto market held near $2.25 trillion.

Bitcoin stayed near $64,000 on Wednesday as traders waited for July U.S. inflation data while a major Harmony exploit injected fresh anxiety into altcoins. BTC had fallen to a nine-day low of $63,200 before recovering toward $64,000, leaving its market capitalization near $1.28 trillion and dominance below 57%. The strange part is how calmly bitcoin absorbed a security shock that sent Harmony’s ONE token collapsing. Harmony confirmed an attacker minted roughly 4 billion ONE through empty blocks, about 26% of supply, with billions of tokens quickly routed to exchanges throughout a fragile session.

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