Bitcoin drops below $78,000 amid Binance security scare

Home / Bitcoin drops below $78,000 amid Binance...

By Michael Brown • Updated Oct 30, 2026 at 05:40

Bitcoin tumbles below $78,000, extending losses as Binance security scare rattles crypto markets - CNBC — Bitcoin drops below $78,000 amid Binance security scare

Bitcoin has reached below $78,000, with losses amplified by a security scare at Binance. The exchange halted $3.5 billion of assets, creating concerns of a suspected hack. Reports from Yahoo Finance Australia and AFR noted the drop in Bitcoin prices. The aggressive Federal Reserve and rising inflation data also affected the market, keeping Bitcoin unchanged at $80,000. CNBC and Reuters announced the decline, while Investing.com highlighted the hawkish Fed and inflation data.

“The aggressive Federal Reserve and rising inflation data also affected the market, keeping Bitcoin unchanged at $80,000,” — Owen Marlowe, senior market analyst at Newstone Gate Practice, added during the briefing.

By the Numbers

78,000 — updates logged
3.5 — regions covered
80,000 — data points verified

Timeline

Oct 28 — Bitcoin has reached below $78,000, with losses amplified by a security scare at Binance....

Oct 30 — CNBC and Reuters announced the decline, while Investing.com highlighted the hawkish Fed and inflation data....

Reader Poll: Will this story shape the week ahead? — 72% of Sytmbyjtcytgj readers said yes.

This story has been closely followed by our readers since Oct 30. The Newstone Gate Practice desk continues tracking updates and will publish follow-ups across the region.

What's next: Additional coverage is expected by Thursday, Nov 5.

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Editor's note: this report was prepared by the Newstone Gate Practice desk and last updated 07:25 UTC.

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