Bitcoin Falls Below $77,000 Amid Tech Earnings, Binance Security Incident

Bitcoin (BTC) fell below $77,000 as investors weighed weaker-than-expected results and outlooks from Amazon and Intel alongside a security incident at Binance, adding pressure to crypto markets. Amazon reported third-quarter revenue of about $201.9 billion, below the $202.1 billion market forecast. Earnings per share were $1.89, compared with an expected $1.96. The company’s fourth-quarter profit outlook also fell short of market expectations. Intel’s third-quarter revenue, gross margin and earnings exceeded its own prior guidance. But its fourth-quarter revenue forecast of $15 billion to $16 billion had a midpoint about $1.8 billion below market expectations. Intel also forecast a 38% gross margin for the quarter.

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