Bitcoin recovers slightly: Bitcoin’s price is around USD 78,000 after bouncing back from recent lows reached following the U.S. midterm elections.
Consequences of the Binance hack: The Binance platform continues to gradually reactivate withdrawals (including currencies in Latin America, such as Venezuela, Argentina, and Mexico) following the historic USD 6.3 billion cyberattack. It has recorded net outflows of several billion dollars, while founder Changpeng Zhao calls for greater transparency in security.
Political uncertainty in the U.S.: The market is reacting to the election results and the possible change in control of the U.S. Congress, prompting caution among investors about the future of regulations favorable to crypto assets.
ETF outflows: U.S. spot Bitcoin ETFs have faced renewed pressure and capital outflows in recent days.
$BTC
#Binance
Consequences of the Binance hack: The Binance platform continues to gradually reactivate withdrawals (including currencies in Latin America, such as Venezuela, Argentina, and Mexico) following the historic USD 6.3 billion cyberattack. It has recorded net outflows of several billion dollars, while founder Changpeng Zhao calls for greater transparency in security.
Political uncertainty in the U.S.: The market is reacting to the election results and the possible change in control of the U.S. Congress, prompting caution among investors about the future of regulations favorable to crypto assets.
ETF outflows: U.S. spot Bitcoin ETFs have faced renewed pressure and capital outflows in recent days.
$BTC
#Binance
