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Bitcoin stays strong above 50-week average for 7 weeks despite $6B crypto exchange hack

Market News
02 Nov 2026, 02:09 WIB
Tokenpost
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Bullish
Bitcoin stays strong above 50-week average for 7 weeks despite $6B crypto exchange hack

Bitcoin (BTC) has closed above its 50-week moving average for the seventh consecutive week, maintaining a positive trend despite a recent hack that resulted in over $6 billion stolen from a cryptocurrency exchange. This marks an extension of a six-week streak above this key technical level, signaling resilience in the market. The sustained performance suggests investor confidence remains steady even amid significant security breaches in the crypto space.

Bitcoin continues its strong performance, trading at Rp1.415.730.562 on Pluang as of Nov 02, 2026 07:21 WIB, with a 1-day gain of 0.95%. This price level remains well above its 50-week moving average, reflecting sustained investor interest. Notably, 71% of Pluang users are buying Bitcoin, and the typical hold time is 112 days, indicating confidence despite recent market challenges.

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