Bitcoin (BTC) Price: Holds Above $77,000 as Binance Hack Recovery Plan Takes Shape

TLDR Bitcoin traded near $77,175 on Saturday, down 1.71%, after the record $6.3 billion Binance hack. Chainalysis linked the laundering activity to North Korean group Tradertraitor. Binance reserved over $6.34 billion and will restore withdrawals in phases. U.S. spot Bitcoin ETFs saw $643 million in net outflows on Oct. 30. Analyst Michaël van de Poppe remains on the long side despite the drop to $76,000. Bitcoin traded slightly above $77,000 on Saturday as investors followed new details in the $6.3 billion Binance hack. The price was down 1.71% at $77,175.4 as of 01:34 ET. The breach hit digital asset markets late Thursday and led to sharp drops in crypto-linked stocks. Bitcoin fell below $77,000 during Oct. 30 trading. Binance market data placed the price at $76,944 shortly after midnight UTC.

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