Avax

Bitcoin’s relative stability is masking a much weaker picture across the broader crypto market. Breadth readings, ETF outflows, and uneven token performance show capital remains concentrated in the largest assets.

Bitget said $351.6 million was exposed after unauthorized transfers hit portions of its hot and warm wallet infrastructure. The exchange said cold wallets and user funds remain secure while withdrawals are temporarily paused for a security review.

AVAX has climbed nearly 50% in a week, reaching an eight-month high as institutional tokenization developments revive interest in Avalanche. Technical traders are watching whether a rebound from long-term wedge support can extend toward the $19-$20 area.

Bitcoin pushed above $66,500 after the Bank of Japan raised interest rates, extending a roughly 1.5% gain over 24 hours. Derivatives metrics suggest traders are becoming more willing to take risk again.