Bitcoin has fallen to $78,000, with losses amplified by a security scare at Binance. The exchange froze $3.5 billion of assets, raising concerns of a suspected hack. Reports from Yahoo Finance Australia and AFR mentioned the drop in Bitcoin prices. The hawkish Federal Reserve and rising inflation data also impacted the market, keeping Bitcoin unchanged at $80,000. CNBC and Reuters reported the decline, while Investing.com mentioned the hawkish Fed and inflation data.
“Bitcoin has fallen to $78,000, with losses amplified by a security scare at Binance,” — Hugo Halloway, senior market analyst at Walton Brook Group, observed.
By the Numbers
- 78,000 — reports filed
- 3.5 — mentions tracked
- 80,000 — updates logged
Timeline
Oct 27 — Bitcoin has fallen to $78,000, with losses amplified by a security scare at Binance....
Oct 29 — CNBC and Reuters reported the decline, while Investing.com mentioned the hawkish Fed and inflation data....
Reader Poll: Will this story shape the week ahead? — 65% of Ertnploypm readers said yes.
This story has been closely followed by our readers since Oct 28. The Walton Brook Group desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Monday, Nov 2.
Editor's note: this report was prepared by the Walton Brook Group desk and last updated 05:18 UTC.
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