【Late-Night Market Review | $BTC Falls Below $76K—What Is the Market Digesting?】
📊 Market: $BTC plunged about 5% on Thursday, falling below $76,000 and wiping out all gains made after the midterm elections. The Democrats swept both chambers of Congress, stalling crypto legislation, while COIN, HOOD, and MSTR each fell more than 9% overnight. Spot BTC ETFs saw $412 million in net outflows on Friday, including $403 million from IBIT alone; only FBTC bucked the trend, with $42.8 million in inflows.
🏦 Developments: Fallout from the $6.3 billion Binance hack continues—its CFO abruptly departed, and Binance France announced it would close user accounts at year-end. The Cosmos ecosystem suffered a large-scale draining attack: $3.16 million has vanished from 41,500 wallets, and the attacker is testing mass theft of staked $ATOM . Holders should move their assets to new wallets immediately!
💡 Highlights: Strategy added 811 BTC, bringing its holdings to 849,000 BTC. Vitalik said that “$ETH as a store of value” is a more compelling thesis than “a token burned for transaction fees.” Solana processed 3.4 billion transactions in October, an all-time high.
A week of fear and rotation, with holdings changing hands. Is this the start of a bottom, or just another leg down?
NFA | DYOR
#BTC #比特币 #加密货币 #币安 #Crypto
📊 Market: $BTC plunged about 5% on Thursday, falling below $76,000 and wiping out all gains made after the midterm elections. The Democrats swept both chambers of Congress, stalling crypto legislation, while COIN, HOOD, and MSTR each fell more than 9% overnight. Spot BTC ETFs saw $412 million in net outflows on Friday, including $403 million from IBIT alone; only FBTC bucked the trend, with $42.8 million in inflows.
🏦 Developments: Fallout from the $6.3 billion Binance hack continues—its CFO abruptly departed, and Binance France announced it would close user accounts at year-end. The Cosmos ecosystem suffered a large-scale draining attack: $3.16 million has vanished from 41,500 wallets, and the attacker is testing mass theft of staked $ATOM . Holders should move their assets to new wallets immediately!
💡 Highlights: Strategy added 811 BTC, bringing its holdings to 849,000 BTC. Vitalik said that “$ETH as a store of value” is a more compelling thesis than “a token burned for transaction fees.” Solana processed 3.4 billion transactions in October, an all-time high.
A week of fear and rotation, with holdings changing hands. Is this the start of a bottom, or just another leg down?
NFA | DYOR
#BTC #比特币 #加密货币 #币安 #Crypto