Bitcoin Drops on Binance Hack
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Bitcoin and crypto prices have fallen sharply over the last 24 hours, hit by a massive $6.3 billion attack on the world’s biggest crypto exchange Binance (though one smaller cry
Cryptocurrencies face renewed selling pressure as Bitcoin approaches a critical price level and investors assess whether the recent downturn has further to run.
A record-setting cyberattack targeting the world’s largest cryptocurrency exchange has rocked the digital assets industry.
Crypto stocks fell after a $6.3 billion Binance hack. Coinbase dropped 12.5% as Binance reserved $6.34 billion and analysts weighed in.
A fresh wave of selling has put Bitcoin under pressure as investors grapple with shifting market expectations and growing uncertainty over the near-term outlook.
Coinbase fell 12.4% and Circle 8.3% as Bitcoin slid to $76,000, roughly 39% off its peak, amid a reported $6.3 billion Binance breach.
Wall Street analysts are telling clients the record-breaking hack of Binance is a buying opportunity, not a reason to flee.
Bitcoin fell to a five-week low as $1.29 billion in leveraged positions were liquidated. See if support at $76,600 can hold.