Bitcoin Tests $78K After Binance Hack Selloff as NEAR Drops 6%

TL;DR Bitcoin recovered above $78,000 after falling to a six-week low near $76,100 following the Binance security incident, but a later CoinMarketCap reading put BTC back near $77,759. NEAR led notable altcoin losses with a 6.3% decline to $4.13, while HYPE, BCH and several other large- and mid-cap tokens also traded lower. The market remained relatively calm on Monday, leaving Bitcoin’s weekend rebound incomplete and the $78,000 area unconfirmed as technical support. Bitcoin recovered toward $78,000 after falling to a six-week low near $76,100 on Friday , extending a weekend rebound from the selloff that followed the Binance security incident. The initial Monday snapshot placed BTC just above $78,000 after gaining more than $2,000 from Friday’s low.

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