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Bitcoin posts worst October since 2014, down 7.32% amid $6.3B Binance hack turmoil.

Market News
01 Nov 2026, 18:05 WIB
Bitcoin
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Bearish
Bitcoin posts worst October since 2014, down 7.32% amid $6.3B Binance hack turmoil.

Bitcoin closed October 2026 down 7.32%, marking its worst October performance since 2014 and the first back-to-back losing Octobers since 2011-2012. The decline was driven by a $6.3 billion hack on Binance, which caused significant market disruption and over $1.5 billion in leveraged liquidations. Bitcoin traded between $76,337 and $81,840 in the final week, with the $76,000 support level now critical for November's outlook. Despite October's losses, November historically offers a chance for recovery, though market confidence will depend on Binance's recovery efforts and institutional flows.

As of Nov 01, 2026 23:21 WIB, Binance Coin (BNB) is trading at Rp12.918.389 on Pluang, showing a modest 1.03% gain in the last day. The platform records a balanced order activity of 50% sell and 50% buy, with a typical hold time of 90 days. Despite the recent turmoil linked to Binance, BNB maintains strong market interest with a market cap of Rp1.699,94 trillion and a 24-hour volume of Rp21,4 trillion.

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