Following a $6.3 billion hack at Binance, a trading expert warns Bitcoin could fall to $68,000 if it loses its daily 100-day moving average support. Bitcoin is currently trading below its 50-day moving average, indicating short-term bearish pressure, but remains above the 200-day average, which suggests the long-term bullish trend is intact. The analyst compares this incident to the 2022 FTX collapse, which triggered a sharp Bitcoin correction before a recovery. If Bitcoin breaks below the 100-day moving average, it could face a deeper correction toward $68,000 or even $64,500 based on Fibonacci levels. Binance has pledged to cover losses through its Secure Asset Fund for Users and has frozen about $3 billion of stolen assets on-chain.
As of Oct 31, 2026 22:21 WIB, Bitcoin trades at Rp1.404.451.966 on Pluang with a slight 0.14% decline over the past day. Binance Coin (BNB) shows resilience with a 0.29% gain, priced at Rp12.808.805. Pluang users currently favor buying Bitcoin at 58% order activity, reflecting ongoing interest despite recent market concerns.
Solana (SOL) saw the biggest 24-hour increase in open interest among five major crypto perpetual futures markets, rising 3.19% to $834.3 million. Bitcoin (BTC) maintained the largest total open interest at $7.53 billion, up 1.48%. Ether (ETH), XRP, a...
In the latest 24-hour crypto market update, Bitway (BTW) experienced the steepest drop, falling 20.65% to $1.18, continuing its downward trend from the previous day. Conversely, Stacks (STX) led gains with an 8.50% rise to $0.301. Other notable mover...
Bitcoin is currently testing the average break-even price of short-term holders, showing resilience despite a recent hot-wallet attack on Binance. Analyst Axel Adler Jr. noted that the market's response to this incident has been relatively muted comp...
Bitcoin fell below its daily lower Bollinger Band at $77,617, trading around $77,326 and down 1.33% over 24 hours. Technical indicators like stochastic readings below 20 suggest weak momentum, though they do not confirm a trend reversal. The relative...
After Binance's security incident on October 29, Bitcoin, Ether, and XRP prices dropped, with crypto analyst Ali Martinez identifying support levels at $73,000 for Bitcoin, $2,000 for Ether, and $1 for XRP. Binance estimated the incident's impact at ...
