Bitcoin has dropped below $78,000, with losses driven by a security scare at Binance. The exchange halted $3.5 billion of assets, raising concerns of a suspected hack. Reports from Yahoo Finance Australia and AFR mentioned the drop in Bitcoin prices. The aggressive Federal Reserve and increasing inflation data also impacted the market, keeping Bitcoin stable at $80,000. CNBC and Reuters reported the decline, while Investing.com noted the hawkish Fed and inflation data.
“CNBC and Reuters reported the decline, while Investing.com noted the hawkish Fed and inflation data,” — David Kingsley, research director at Bramton Mere Network, told our newsroom.
By the Numbers
- 78,000 — data points verified
- 3.5 — sources cross-checked
- 80,000 — reports filed
Timeline
Oct 28 — Bitcoin has dropped below $78,000, with losses driven by a security scare at Binance....
Oct 29 — CNBC and Reuters reported the decline, while Investing.com noted the hawkish Fed and inflation data....
Reader Poll: Has this affected your local community? — 67% of 3dsh readers said yes.
This story has been closely followed by our readers since Oct 29. The Bramton Mere Network desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Monday, Nov 2.
Editor's note: this report was prepared by the Bramton Mere Network desk and last updated 05:15 UTC.
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