Bitcoin falls less after Binance’s record hack
BROBROK News · Based on reporting by Portal do Bitcoin ·
Bitcoin slipped about 4% after the largest crypto hack on record, but the reaction was far milder than in 2018, when a Binance incident triggered a sharp drop. The article points to deeper liquidity, spot Bitcoin ETFs in the US, and a stronger market structure as key reasons.
Key points
- Chainalysis and TRM Labs estimate the theft at about $6.4 billion.
- BTC traded near $76,400 after recent market pressure.
- More than $1.3 billion in leveraged bets were liquidated.
- US spot Bitcoin ETFs now hold about 1.3 million BTC.
- The overall crypto market is much larger than it was in 2018.
Why it matters
The episode suggests major security shocks still affect Bitcoin, but the market is now less vulnerable to a broad panic. ETF demand, liquidity, and clearer regulation appear to be cushioning the impact.
Original headline: “Por que o Bitcoin não desabou após o ataque hacker da Binance como aconteceu em 2018?”
Read the original on Portal do Bitcoin
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.