Bitcoin (BTC) Price: Bounces Back Toward $79K After Biggest Exchange Hack Ever
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TLDR Bitcoin rose about 1% to roughly $78,600 on Monday, its third straight day of gains. Binance disclosed a $6.3 billion hack last week, the largest theft from a crypto exchange on record. US spot Bitcoin ETFs saw $643 million in outflows on Friday, ending October with $515 million in net withdrawals. Ether ETFs posted a record $1.61 billion in October outflows. US midterm elections take place Tuesday, with results landing during Wednesday’s Asian trading hours. Bitcoin rose about 1% to roughly $78,600 on Monday morning in Asia. It was the third straight day of gains as investors picked up risk again after Friday’s rout in US tech shares. ZEC led the major tokens, climbing 3% to nearly $1,280.
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