Bitcoin Crashes to $76K, $1.5B Liquidated After Crypto’s Biggest Hack

Binance confirmed earlier today that it has become the latest victim of a major hack that, according to some other reports, has seen well over $6 billion drained from the platform. This is by far the biggest hack in the crypto industry , which, as expected, led to a massive pullback in (almost) all digital assets. Bitcoin led the way south, dumping to $76,350 for the first time since September 18. Recall that the asset challenged the $82,000 resistance just a day prior to the conclusion of the latest FOMC meeting. The subsequent rejection pushed it toward $80,500 before the massive leg down to the aforementioned October low. It has rebounded since then and currently sits at just over $78,000. The altcoins follow suit.

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