On the morning of November 2, #BTC climbed back above $78,000 and is attempting to break through the $79,000 resistance level. Earlier, a major cyberattack on Binance triggered market panic, and Bitcoin came under significant selling pressure for a time. However, the market has rebounded over the past three trading days, indicating an improvement in investor sentiment.
The hack involved approximately $6.34 billion, sending shockwaves through the entire cryptocurrency market. But as panic gradually eased, funds began to flow back in, and major cryptocurrencies also started to rebound.
Among other cryptocurrencies, Zcash (ZEC) gained around 3%, leading the major cryptocurrencies. Ethereum (ETH) and Binance Coin (BNB) also rose by about 2% each. This suggests that the current rebound is not limited to Bitcoin, but reflects signs of recovery across the broader market.
Key levels:
Resistance above: $79,000. A decisive break above this level could further improve the short-term outlook.
Support below: $78,000. A drop back below this level could signal that the rebound is losing momentum.#币安第一阶段15个网络已恢复提现
The hack involved approximately $6.34 billion, sending shockwaves through the entire cryptocurrency market. But as panic gradually eased, funds began to flow back in, and major cryptocurrencies also started to rebound.
Among other cryptocurrencies, Zcash (ZEC) gained around 3%, leading the major cryptocurrencies. Ethereum (ETH) and Binance Coin (BNB) also rose by about 2% each. This suggests that the current rebound is not limited to Bitcoin, but reflects signs of recovery across the broader market.
Key levels:
Resistance above: $79,000. A decisive break above this level could further improve the short-term outlook.
Support below: $78,000. A drop back below this level could signal that the rebound is losing momentum.#币安第一阶段15个网络已恢复提现