Bitcoin Briefly Dips Below US$77K as Suspected Binance Hack Rattles Markets

Following yesterday’s dip below US$80K (AU$113.7K), Bitcoin rallied in the early hours of Friday to US$81,771 (AU$116,227), but the gains didn’t last. Within hours, BTC dropped a whopping 6.55% to US$76,418 (AU$108,618) by lunchtime Australian time. At the time of writing, it had somewhat recovered to US$78,488 (AU$111,565). The wider crypto market was affected, with a market cap drop of 2.8% to just US$2.59 trillion (AU$3.68 trillion). Ethereum (-3.56%), BNB (-5.11%) and XRP (-3.2%) were also down. Interestingly, Hyperliquid bucked the wider market trend and even gained 17% on the daily chart.

Source: Crypto News Australia