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Bitcoin falls below $77,000 amid record $6.3 billion Binance hack
Bitcoin sank below $77,000 for the first time in more than a month, deepening a selloff after Binance Holdings revealed a record hack that
Bitcoin sank below $77,000 for the first time in more than a month, deepening a selloff after Binance Holdings revealed a record hack that rattled the crypto industry and renewed questions about the security of customer assets — even at the world’s largest digital-asset exchange.The original cryptocurrency declined as much as 3.1% on Friday to fall as low as $76,300, though it slightly recovered in mid-afternoon trading in New York. Other tokens, including some that were impacted by the security breach, also fell.
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Bitcoin falls below $77,000 amid record $6.3 billion Binance hack
Bitcoin and other tokens were already under pressure this week with broader macro forces weighing on the market. Bitcoin sank below $77,000 for the first time in more than a month, deepening a selloff after Binance Holdings revealed a record hack that rattled the crypto industry. The original cryptocurrency declined as much as 3.1% on Friday to fall as low as $76,300. This market reaction highlights the volatility in the sector following the news of billions of dollars in stolen funds.