BTC price falls to $76,400 Binance hack triggers $1.57 billion in liquidations: Crypto Markets Today
Blockchain firms linked the breach to North Korea-associated hackers as Binance suspended withdrawals and said it would cover customer losses.
- Bitcoin recovered to near $76,990 on Thursday after hitting an intraday low near $76,400, remaining 5.2% above its 200-day average of approximately $73,169.
- On Thursday, attackers drained $6.3 billion from Binance's hot wallets, prompting the exchange to suspend withdrawals while pledging to cover all customer losses.
- During the selloff, CoinGlass data analytics firm recorded approximately 246,482 liquidated traders over 24 hours, with long positions accounting for roughly $1.34 billion of the $1.55 billion total liquidated.
- Americans head to the polls Tuesday for midterm elections, with prediction market Kalshi indicating a 93.6% probability that Democrats will win control of the House.
- Historical data shows that while the months following midterms are often choppy for Bitcoin, the asset has consistently trended higher 12 months later, following established four-year halving cycles.
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55 Articles
Bitcoin Price Prediction 12 Months After 2026 U.S. Midterms: What History Suggests
Bitcoin has entered the post-2026 U.S. midterm period near $77,000, bringing back a historical pattern that saw BTC establish a lower price after each of the previous three midterm elections before eventually recovering.
Why Bitcoin Is Down Today
Hackers just drained $6.3 billion from Binance in the largest crypto theft on record, and while the exchange says it will cover every loss, it's another reminder that crypto is still more Wild West than most traditional investors are comfortable with.
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Cryptocurrency News | Cryptocurrency Prices | Market CapBitcoin, Ethereum, XRP crash as crypto liquidations top $1.5B
Bitcoin, Ethereum, XRP and other major cryptocurrencies have suffered heavy losses as a reported $6.3 billion Binance hack rattled investors and triggered more than $1.5 billion in liquidations across the crypto market. According to CoinGlass data, roughly $1.55 billion in…
Bitcoin falls below $79,000: 3 reasons why crypto prices are dropping
Bitcoin has slipped below the $79,000 mark, dragging Ethereum and several other cryptocurrencies lower. From a reported security scare at Binance to global economic worries, what is weighing on the crypto market?
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