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Binance $6.3B hack sparks bullish crypto market reaction, echoing 2022 FTX bottom, says trader DonAlt.

Market News
01 Nov 2026, 12:43 WIB
UToday
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Bullish
Binance $6.3B hack sparks bullish crypto market reaction, echoing 2022 FTX bottom, says trader DonAlt.

After the FBI confirmed a $6.3 billion hack on Binance by North Korean hackers, the crypto market surprisingly held steady instead of crashing. Trader DonAlt, who predicted a major XRP rally in 2024, sees this reaction as a bullish sign similar to the 2022 FTX collapse, where prices rebounded strongly after initial shocks. Binance's quick action to cover 90% of user losses helped stabilize the market, with Bitcoin and XRP prices holding firm. The true test will be if prices remain stable as the stolen funds move through mixers, potentially confirming a strong buying opportunity.

XRP holds a market cap of Rp1.433,54 trillion with a 24-hour volume of Rp13,7 trillion on Pluang as of Nov 01, 2026 18:02 WIB. Despite recent market shocks, XRP's price shows resilience with a 0.46% gain in the last day, while BNB and BTC also post positive 1-day changes of +1.12% and +1.05%, respectively. This stability aligns with the news of Binance's quick response to the hack, supporting market confidence.

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