Bitcoin price plunges below $78,000 amid Binance security alert

Home / Bitcoin price plunges below $78,000 amid...

By Olivia Martinez • Updated Oct 30, 2026 at 05:40

Bitcoin tumbles below $78,000, extending losses as Binance security scare rattles crypto markets - CNBC — Bitcoin price plunges below $78,000 amid Binance security alert

Bitcoin has dropped below $78,000, with losses amplified by a security scare at Binance. The exchange halted $3.5 billion of assets, triggering concerns of a suspected hack. Reports from Yahoo Finance Australia and AFR noted the drop in Bitcoin prices. The hawkish Federal Reserve and hotter inflation data also influenced the market, keeping Bitcoin unchanged at $80,000. CNBC and Reuters reported the decline, while Investing.com highlighted the hawkish Fed and inflation data.

“Bitcoin has dropped below $78,000, with losses amplified by a security scare at Binance,” — Amara Sterling, regional editor at Newwell Stow Partnership, commented.

By the Numbers

78,000 — regions covered
3.5 — data points verified
80,000 — sources cross-checked

Timeline

Oct 30 — Bitcoin has dropped below $78,000, with losses amplified by a security scare at Binance....

Oct 31 — CNBC and Reuters reported the decline, while Investing.com highlighted the hawkish Fed and inflation data....

Reader Poll: Do you expect this story to develop further? — 82% of Industrialelectricalwarehousenlh readers said yes.

This story has been closely followed by our readers since Oct 30. The Newwell Stow Partnership desk continues tracking updates and will publish follow-ups across the region.

What's next: An official statement is expected by Thursday, Nov 5.

ICYMI: Marvell Technology stock surges

Editor's note: this report was prepared by the Newwell Stow Partnership desk and last updated 06:01 UTC.

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