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Bitcoin drops 7.32% in October, must reclaim $80K to restore confidence amid Binance hack fallout.

Market News
01 Nov 2026, 21:05 WIB
Cointribune
View Source
Bearish
Bitcoin drops 7.32% in October, must reclaim $80K to restore confidence amid Binance hack fallout.

Bitcoin fell 7.32% in October, ending a three-month winning streak and breaking the usual "Uptober" trend. The drop was influenced by higher US inflation data and a major $6.3 billion hack on Binance, which shook investor confidence and led to significant ETF outflows. To regain momentum, Bitcoin needs to recover above $80,000 and see stabilization in Binance withdrawals and ETF inflows. Despite November's historically positive returns, current market conditions driven by ETFs, interest rates, and institutional investors make a rebound uncertain without restored confidence.

Binance Coin (BNB) shows steady trading on Pluang, priced at Rp12.855.560 with a slight 0.40% increase over the past day. As of Nov 02, 2026 02:21 WIB, the market remains active with a 24-hour volume of Rp21,91 trillion and a majority of buyers at 68%, indicating ongoing investor interest despite recent market challenges.

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