FORBES · 2026-10-30 20:30 UTC

Bitcoin Falls To 6-Week Low As Binance Hack Accelerates Losses

Bitcoin fell to a six-week low of approximately $76,140 on October 30, driven by news that Binance suffered a $6.3 billion hack involving a compromised DevOps engineer's laptop with additional breach points discovered. Analysts attributed the decline to a combination of factors: the Binance hack hitting a market already weakened by the Fed's decision to hold interest rates steady, triggering over $1.5 billion in liquidations. Some analysts see a potential rebound if Bitcoin holds above $75,000 support level, with expectations for a push toward $80,000 following midterm elections.

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