Bitcoin fell from US$81,771 to US$76,418 within hours before recovering to US$78,488, while the broader crypto market lost 2.8%. Chainalysis estimated at least US$5.9 billion was stolen in the Binance...
Summary
- Bitcoin fell from US$81,771 to US$76,418 within hours before recovering to US$78,488, while the broader crypto market lost 2.8%.
- Chainalysis estimated at least US$5.9 billion was stolen in the Binance hack, although the exchange maintained that user funds were safe.
- Analysts warned that disrupted exchange transfers, wider trading spreads and macroeconomic uncertainty could prolong the crypto sell-off.
- US spot Bitcoin ETFs recorded US$440.8 million in net inflows over four consecutive days, led by BlackRock’s IBIT with US$410.6 million.
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