Bitcoin Flashes a Warning Sign on the Daily Chart as Binance Halts Withdrawals

Binance halted withdrawals after attackers drained billions through a compromised engineer's laptop. The exchange said it will cover every user loss. The timing hurts Bitcoin, which was already sliding and short of buyers when the hack landed. Traders now face one question. Can Binance restore confidence fast enough to keep Bitcoin above its long-term trend line? Binance suffered a security breach with an estimated impact of $6.3 billion, the largest crypto hack on record. The exchange's initial probe points to a compromised laptop belonging to a DevOps engineer.

Source: Crypto Daily