Bitcoin rebounds to $77,926 as Binance withdrawals stabilize

Bitcoin traded at $77,926 at 11:02 UTC on Monday, according to CoinGecko data. This placed the cryptocurrency around 2% above its recent low of $76,141, which was recorded on Friday afternoon following a security incident at Binance, one of the world’s largest cryptocurrency exchanges. The post-hack low was reached on Friday at 18:50 UTC, when Coinbase’s BTC-USD market notably touched $76,141. Despite this drop, Bitcoin showed resilience and began to recover in the subsequent sessions as market conditions slowly steadied. Binance reported that it started reopening withdrawals in stages at 06:00 UTC on Sunday. Between 06:00 and 15:30 UTC, users withdrew $4.649 billion and deposited $1.01 billion, resulting in a net outflow of about $3.64 billion.

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