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Bitcoin falls just 4% after $6.4B Binance hack, showing market resilience compared to 2018 crash.

Market News
31 Oct 2026, 11:05 WIB
Cointribune
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Neutral
Bitcoin falls just 4% after $6.4B Binance hack, showing market resilience compared to 2018 crash.

Bitcoin dropped only about 4% following Binance's record $6.4 billion hack, a much smaller decline than the nearly 11% fall during a 2018 attack. This limited impact reflects the crypto market's growth, the rise of Bitcoin ETFs that isolate holders from panic selling, and the freezing of nearly $3 billion in stolen stablecoins. Binance has also mobilized over $6.3 billion in reserves to cover losses, reassuring investors. However, the hacker still controls over $3 billion in unfrozen assets, posing potential future risks as the market awaits full withdrawal restoration and possible liquidation of these assets.

Binance Coin (BNB) trades at Rp12.693.817 with a slight 0.97% drop as of Oct 31, 2026, 15:21 WIB on Pluang. Despite the record $6.4 billion Binance hack, BNB's price and market activity remain relatively stable, with a market cap of Rp1.669,6 trillion and 24-hour volume of Rp31,95 trillion. The platform shows a balanced investor sentiment with 63% buy orders and a typical hold time of 90 days, indicating steady confidence amid the ongoing recovery efforts.

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