Bitcoin Price Falls Below $80K After $6.3B Binance Hack
TLDR Bitcoin price dropped roughly 2% to around $78,420 as the market reacted to Binance’s $6.3 billion security breach. Crypto liquidations reached $1.54 billion over 24 hours, with long positions accounting for approximately $1.3 billion. Binance said about $3 billion in affected assets had been frozen and pledged to cover losses through its SAFU fund […]
Key Takeaways
- TLDR Bitcoin price dropped roughly 2% to around $78,420 as the market reacted to Binance’s $6.3 billion security breach.
- Crypto liquidations reached $1.54 billion over 24 hours, with long positions accounting for approximately $1.3 billion.
- Binance said about $3 billion in affected assets had been frozen and pledged to cover losses through its SAFU fund […]
Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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