Bitcoin (BTC) fell to a six-week low during early Asian trading hours on October 30, 2026, as Binance’s security breach unsettled the crypto market, Reuters reported.
BTC lost over 3% to a six-week low of $76,368, and Ether fell more than 3% to a two-month low of $2,178. BNB, the native token of Binance, fell more than 8% over the past 24 hours to $694.
At the time of writing, Bitcoin is trading near $78,000and Ether near $2,200.
Important Read: Binance reports $6.3 billion hack as Tether and Circle freeze funds
Binance promises to cover losses
Binance said the breach affected about $6.3 billion and that partners had frozen roughly $3 billion.
The crypto exchange pledged to cover losses and said withdrawals were expected to resume within 48 hours.
HashKey researcher Tim Sun argued that the breach could weaken risk appetite.
It may further dampen risk appetite and prompt investors to reassess the safety of assets held on centralized exchanges, as well as counterparty, solvency and liquidity risks, said Sun.
Crypto stocks join wider sell-off
The hack had multiple effects across the crypto market.
Coinbase shares fell 4.8%, and Strategy dropped nearly 6% in extended U.S. trading, Reuters reported.
The crypto market decline coincided with a global technology-stock sell-off as investors questioned whether heavy AI spending would generate adequate returns. Nasdaq 100 futures fell 1.9%.
Standard Chartered’s head of digital asset research, Geoffrey Kendrick, told Reuters that further weakness was possible until more details emerged and affected assets were unfrozen.
Sign up on WEEX and roll for a chance to win a share of the $1,000,000 prize pool.
