In brief Bitcoin dipped to about $76,400 on Friday, roughly 6% below its post-Fed level, after Binance's record $6.4 billion hack, versus a fall from $10,740 to $9,690 in minutes in March 2018 over an...
Summary
- Crypto's market value has grown from more than $400 billion in March 2018 to roughly $2.6 trillion, and U.S.
- Binance says it has set aside more than $6.34 billion to cover losses, about $3 billion is frozen, and withdrawals should resume in 45 hours.
- In March 2018, a failed attack on the same exchange knocked nearly 11% off its price in minutes, and Binance said at the time that no funds had been stolen.
- Bitcoin dipped to about $76,400 on Friday, around 6% below where it traded after Wednesday’s Federal Reserve decision.
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