Bitcoin fear hits August lows – Why BTC traders are watching $73K

Fear across the market following the recent Binance hack is understandable. In just 24 hours, market sentiment has taken a sharp hit. The Fear & Greed Index has fallen to its lowest point since mid-August to 30 (Fear) from 51 (Neutral). This comes amid the $6.3 billion Binance exploit, adding pressure to an already weak market. Bitcoin dropped 4-5%, touching a six-week low near $76,500 and Ethereum falling below $2,200. Meanwhile, over $1.6 billion in positions were liquidated on the market. Against this backdrop, AMBCrypto's latest report starts to make more sense. The largest hack in crypto history has hit the biggest exchange in the space, but Binance is showing signs it is taking it well.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to AMBCrypto.