Binance: Hack Confirmed as Bitcoin Drops Below $77,000
The Kobeissi Letter reports Bitcoin falling below $77,000 and ETH below $2,200 after Binance confirmed a hack that may rank as the largest in crypto history.
SourceAnalysis
Binance confirmed the hack, driving Bitcoin below $77,000 and ETH below $2,200 in immediate selling, according to @KobeissiLetter. The breach threatens to become the largest exchange incident on record.
BTC trades at $77,292.71 on the 4-hour chart, pressing against the lower Bollinger Band support at $78,097.3 while remaining beneath EMA50 at $80,745.44 and EMA200 at $81,614.58. MACD prints a clear death cross at -444.73 and RSI sits at 32.83, confirming sustained bearish momentum without oversold relief yet.
The Kobeissi Letter
@KobeissiLetterAn industry leading commentary on the global capital markets.