😢 Sigh, I woke up to the news that Binance had been hacked, and Bitcoin plunged as a result.
No matter how carefully you plan, you can’t account for something like this happening—it was an unexpected incident. But of the 5 billion that was stolen, half was successfully frozen. Binance can afford the actual losses and will cover them in full. After all, every exchange has been hacked at some point.
Bitcoin has found decent support around 76,400 and the previous low near 75,000, so you could consider buying some spot. Although this downturn was unexpected, it’s also a pleasant surprise for those looking to buy the dip—they can get coins at a lower price.
The crypto market’s recovery may now take a few more weeks. Good things take time. Once we get through this final window, it should be all uphill from here!
No matter how carefully you plan, you can’t account for something like this happening—it was an unexpected incident. But of the 5 billion that was stolen, half was successfully frozen. Binance can afford the actual losses and will cover them in full. After all, every exchange has been hacked at some point.
Bitcoin has found decent support around 76,400 and the previous low near 75,000, so you could consider buying some spot. Although this downturn was unexpected, it’s also a pleasant surprise for those looking to buy the dip—they can get coins at a lower price.
The crypto market’s recovery may now take a few more weeks. Good things take time. Once we get through this final window, it should be all uphill from here!
