Bitcoin falls after Binance breach and Fed rate hold

Community Trust Score Verified 86 % Real Verified 14 votes Updated 5 minutes ago Bitcoin traded near $78,420 on October 30, down roughly 2% over the preceding 24 hours, as the market absorbed the impact of a $6.3 billion security breach at Binance and a recent Federal Reserve interest rate decision. The cryptocurrency briefly slipped below $77,000 before recovering some ground, leaving $80,188 as an immediate resistance level for traders. Binance estimated the financial impact of the security incident at approximately $6.3 billion.

Source: The Currency Analytics