🚨 Market Alert: Major Crypto Slide as December Opens 🚨

As December begins, the crypto market took a hit — Bitcoin (BTC)$BTC , Ethereum ($ETH , and XRP$XRP all dipped sharply, wiping out recent gains.

What triggered this? The DeFi protocol Yearn Finance flagged an “incident” in its yETH liquidity pool — an “infinite-mint” exploit that allowed attackers to generate way more yETH than they should and drain real value, reportedly walking away with ~1,000 ETH$ETH (~US 3$3 M).

The result: selling pressure, panic among high-leverage positions, and a sharp down-move across major tokens. ETH dropped roughly 5%, and BTC slid over 3% in early Asian trading hours.

Takeaway for Traders & Investors:

The yETH exploit reminds us that DeFi risks can hammer confidence across the broader market.

With sentiment shaken, expect volatility — this could be a short-term dip, or the beginning of a deeper correction.

For now: consider tightening risk, lowering leverage, or waiting for clearer support before entering new positions.

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