Binance reopens withdrawals: BTC climbs back to $78,000, BNB stabilizes at $705
The crypto market is showing its first signs of stabilization after Binance’s record-breaking hack. Binance announced the gradual resumption of withdrawals starting Sunday, after covering about 95% of the $6.3 billion affected.
What’s changed:
Binance resumed withdrawals in phases starting November 1, between 06:00 and 09:00 UTC, beginning with BTC, ETH, BNB, SOL, XRP, and other networks.
About 95% of the stolen funds have been replaced, and Binance is committed to absorbing all customer losses.
Balances in BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD, and ZEC are reported as fully backed by verifiable reserves.
The FBI attributes the attack to the North Korean group TraderTraitor, which is linked to Lazarus.
BTC – fragile recovery:
BTC has moved back above $78,000 and is trading around $77,800–$78,050, up about 0.8% over 24 hours.
Key support: $76,600, then $75,000, according to analysts.
Resistance: $79,000, then $80,000.
A recovery to $80,000 would remain the decisive signal confirming genuine stabilization.
BNB – moderate rebound:
BNB is climbing back toward $705 after hitting a low of $694 following the incident.
The token remains about 5% below its pre-attack level.
Support: $690, then $670.
Resistance: $715, then $738.
Liquidations and sentiment:
Liquidations fell sharply, from about $1.52 billion on Friday to less than $50 million over 24 hours, a sign that panic is easing. However, US Bitcoin ETFs saw $643 million in net outflows on Friday—their largest outflow day of the month—which continues to put downward pressure on the market.
What to watch this week:
The full and smooth resumption of withdrawals on Binance.
The release of updated proof-of-reserves, scheduled for November 3.
BTC’s ability to hold above $76,600–$77,000.
This is not financial advice. Always manage your risk.
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