📡 Market Update | Binance Withdrawals Restart, BTC Holds Near 78K
BTC trades near 78,300, up about 1% in 24 hours, while ETH trades near 2,280, up about 1%. The bounce stays modest after a volatile week, and breadth still looks mixed rather than broad.
Binance has restarted withdrawals in phases after the 6.3B theft, starting with BTC, ETH, DOGE and selected stablecoins. The exchange put net outflows at 3.64B, about 2.1% of assets, and said withdrawals are stabilizing after an initial spike. It also says about 95% of stolen assets are now covered.
That reopening test could matter more than the bounce itself. A proof of reserves update remains in focus, and traders will watch whether outflows keep easing or pick up again.
Ahead this week, US midterms land Tuesday and October payrolls print Friday, with consensus near 65k and unemployment near 4.2%. Volatility could stay high into Friday, so BTC holding near 78k into those events is worth watching.
📌 Personal opinion, not financial advice. DYOR.
#BTC #CryptoMarket #Binance #Macro
$BTCUSDT $ETHUSDT
BTC trades near 78,300, up about 1% in 24 hours, while ETH trades near 2,280, up about 1%. The bounce stays modest after a volatile week, and breadth still looks mixed rather than broad.
Binance has restarted withdrawals in phases after the 6.3B theft, starting with BTC, ETH, DOGE and selected stablecoins. The exchange put net outflows at 3.64B, about 2.1% of assets, and said withdrawals are stabilizing after an initial spike. It also says about 95% of stolen assets are now covered.
That reopening test could matter more than the bounce itself. A proof of reserves update remains in focus, and traders will watch whether outflows keep easing or pick up again.
Ahead this week, US midterms land Tuesday and October payrolls print Friday, with consensus near 65k and unemployment near 4.2%. Volatility could stay high into Friday, so BTC holding near 78k into those events is worth watching.
📌 Personal opinion, not financial advice. DYOR.
#BTC #CryptoMarket #Binance #Macro
$BTCUSDT $ETHUSDT
