Curve Finance Hacked, BTC Screams In Pain!

<p>&nbsp;"Where do investors think the BTC price will go this week?"</p><p><br /></p><p>The price of the mother of all cryptocurrencies Bitcoin (BTC) slipped below $29,045 as stablecoin exchange Curve Finance reported an exploit that put more than $100 million in digital assets at risk.</p><p><br /></p><p>However, the price of BTC is currently recovering as investors are increasingly reacting to macroeconomic events, said Jow DiPasquale, the Chief Executive Officer (CEO) of BitBull Capital.</p><p><br /></p><p>Not only that, the second largest crypto Ethereum (ETH) also saw a drop right after the Curve Finance hack while Curve DAO (CRV) plunged over 16% on Sunday yesterday and recently plunged another 15.17% to trade at $0.62.</p><p><br /></p><p><br /></p><p>Despite this, the entire crypto market will now focus more on the release of United States (US) employment data as investors expect the job market to likely slow down.</p><p><br /></p><p>Plus, the Federal Reserve (Fed) is reported to stop raising interest rates next year, so investors looking at digital asset prices can bounce back from last year's fall.</p><p><br /></p><p>However it should be noted that DiPasquale does not expect the crypto market to climb overnight but the next major price spike is predicted to occur during the halving event in 2024.</p><p><br /></p><p>At the time of writing, BTC price is up 0.20% at $29,397 in the last 24 hours with a market cap of $571 billion but is still down 1.86% over the past week.</p><p><br /></p><p>While ETH is down around 0.65% at $1,868 in the last 24 hours with a market capitalization of $226 billion and Ripple (XRP) is down 0.38% at $0.70 and down 3.87% in the last seven days.</p>