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Crypto markets plunge as Bitcoin nears $78K amid unverified Binance hack rumors, triggering $659M in liquidations.

Market News
30 Oct 2026, 00:25 WIB
Tokenpost
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Bearish
Crypto markets plunge as Bitcoin nears $78K amid unverified Binance hack rumors, triggering $659M in liquidations.

On October 29, Bitcoin briefly dropped near $78,000 and Ether fell below $2,250 amid a crypto market selloff sparked by unverified rumors of a Binance security breach. Bitcoin slid from around $80,800, while Ether reached about $2,243. This led to futures liquidations totaling at least $659 million, with 87% from long positions, intensifying the downward price pressure. Despite warnings from crypto accounts about Binance wallets, no confirmed hack was established, leaving the market cautious about the situation's validity.

While Bitcoin and Ether faced sharp declines amid the Binance hack rumors, Binance Coin (BNB) on Pluang dropped 5.97% to Rp12,940,763 as of Oct 30, 2026 04:41 WIB. This 1-day loss contrasts with BNB's substantial market cap of Rp1.727,84 trillion and a high trading volume of Rp47,36 trillion, showing active market engagement despite the price dip. Pluang users showed a selling bias with 63% sell orders and a typical hold time of 90 days, indicating cautious sentiment.

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