Crypto Market Today, Oct. 30: Bitcoin Tests Key Support as Binance Hack and Tech Sell-Off Rattle Markets
As of early evening on Oct. 30, Bitcoin (CRYPTO:BTC) fell 1.18% to $76,870.01, Ethereum (CRYPTO:ETH) fell 0.43% to $2,239.10, and Solana (CRYPTO:SOL) fell 0.57% to $94.94. Crypto sentiment remained fragile following a $6.3 billion hack of Binance (CRYPTO:BNB) , the world's largest cryptocurrency exchange. The breach, believed to be the largest theft in crypto history, triggered widespread selling and a wave of forced liquidations totaling approximately $1.57 billion. Binance has taken steps to stabilize the situation, freezing approximately $3 billion in stolen assets with the help of industry partners and setting aside more than $6.34 billion in company funds to cover losses. While these measures have helped ease immediate concerns about the exchange's financial stability, the fallout from the breach, coupled with a sharp sell-off in technology stocks, continues to weigh on investor confidence and broader market sentiment. Continue reading