Bitcoin (BTC), Ethereum Drop to $106,000 Level Amid $100 Million Hack Fallout [Crypto Briefing]

[Financial News] Bitcoin (BTC) weakened to the $106,000 level on the 4th, following the aftermath of a $100 million Ethereum hacking incident.
According to global digital asset information platform CoinMarketCap, as of 10:30 a.m. today, BTC was trading at around $106,000, down 2.49% over the past 24 hours. Over the past week, BTC has declined by 6.27%.
BTC is trading at approximately ₩160 million in the Korean won market. According to global crypto price comparison platform Cryprice, the Korea premium stands at 4.35%.
Recently, the decentralized (DeFi) finance protocol Balancer suffered a hacking attack, resulting in the loss of digital assets worth about $100 million. Balancer is a DeFi protocol that enables trading, lending, and deposits by directly connecting users without a central authority.
Dedi Raviv, CEO of security firm Cyvers, told Bloomberg News, "It appears that the protocol's access control mechanism was compromised, allowing the attacker to directly manipulate balances."
As a result, Ethereum is trading at $3,634, down 5.62% from the previous day, and other digital assets are also experiencing corrections. XRP (Ripple) has dropped 5.91% to $2.49, while Solana is down 9.67% at $167.
Following the US-China Trade Dispute, the already subdued digital asset market is now dominated by fear due to the recent hacking incident. According to the 'Fear and Greed Index' compiled by global digital asset data provider Alternative, the index recorded 21 points today, indicating an 'extreme fear' level.

yimsh0214@fnnews.com Im Sang-hyuk Reporter