#BinancePick BTC took a hard hit after news of the Binance hack!!9
$BTC dropped by around $4,000, falling below $77,000 as panic spread through the market.
Things quickly got worse:
- Around $6.3 billion was withdrawn from Binance wallets. The biggest crypto hack ever.
- Positions worth more than $1.5 billion were liquidated, mostly longs.
- More than $80 billion was wiped off the crypto market within hours.
- Tether and Circle froze over $2.38 billion in stablecoins linked to the hack.
- Binance halted withdrawals and said it would compensate users for all their losses.
Then Bitcoin began to recover as people calmed down.
Billions vanished. Traders’ positions were liquidated. And the market is already trying to recover.
That’s how crazy things can get in the crypto world.
$BTC is still trying to recover, but I’m not convinced by this bounce yet.
After everything that happened, I’d rather wait and see what happens next.
$BTC dropped by around $4,000, falling below $77,000 as panic spread through the market.
Things quickly got worse:
- Around $6.3 billion was withdrawn from Binance wallets. The biggest crypto hack ever.
- Positions worth more than $1.5 billion were liquidated, mostly longs.
- More than $80 billion was wiped off the crypto market within hours.
- Tether and Circle froze over $2.38 billion in stablecoins linked to the hack.
- Binance halted withdrawals and said it would compensate users for all their losses.
Then Bitcoin began to recover as people calmed down.
Billions vanished. Traders’ positions were liquidated. And the market is already trying to recover.
That’s how crazy things can get in the crypto world.
$BTC is still trying to recover, but I’m not convinced by this bounce yet.
After everything that happened, I’d rather wait and see what happens next.
