Bitcoin tests $76,000 after Binance hack
BROBROK News · Based on reporting by BeInCrypto Brasil ·
Bitcoin started November under pressure around $76,000, a level tied to the average cost basis of short-term holders. The price fell after a Binance hack pushed BTC to a six-week low of $76,275.
Key points
- $76,000 is being watched as a short-term reference level
- BTC hit a six-week low of $76,275 after the Binance hack
- The incident triggered $1.58 billion in liquidations
- November’s direction may hinge on whether this level holds
Why it matters
BTC trading around this level can signal whether selling pressure is still controlling the market. The event also shows how security shocks can quickly increase crypto volatility.
Original headline: “Bitcoin pode subir ou cair em novembro? Tudo depende de US$ 76 mil”
Read the original on BeInCrypto Brasil
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.