Bitcoin has fallen to $78,000, with losses driven by a security scare at Binance. The exchange paused $3.5 billion of assets, raising concerns of a suspected hack. Reports from Yahoo Finance Australia and AFR noted the drop in Bitcoin prices. The aggressive Federal Reserve and hotter inflation data also affected the market, keeping Bitcoin stable at $80,000. CNBC and Reuters reported the decline, while Investing.com noted the hawkish Fed and inflation data.
“Bitcoin has fallen to $78,000, with losses driven by a security scare at Binance,” — Marcus Brennan, contributing analyst at Wilburn Cliff Financial, observed.
By the Numbers
- 78,000 — updates logged
- 3.5 — regions covered
- 80,000 — data points verified
Timeline
Oct 27 — Bitcoin has fallen to $78,000, with losses driven by a security scare at Binance....
Oct 29 — CNBC and Reuters reported the decline, while Investing.com noted the hawkish Fed and inflation data....
Reader Poll: Has this affected your local community? — 87% of Ductcleaningservices-nwvrtx-bc7-asl-ca-2 readers said yes.
This story has been closely followed by our readers since Oct 28. The Wilburn Cliff Financial desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Tuesday, Nov 3.
Editor's note: this report was prepared by the Wilburn Cliff Financial desk and last updated 05:41 UTC.
More Top Stories
Sam Wood, former Bachelor star, seeks bail again
Sam Wood, a previous Bachelor participant, has made another bail application. The court has heard about his 'u...
Ubisoft unveils final major update for Assassin's Creed Black Flag Resynced
Ubisoft has launched the final major content update for Assassin's Creed Black Flag Resynced. This update adds...
Google DeepMind Unveils Genie 4
Google DeepMind has introduced Genie 4, an enhanced world model with native audio and real time steering. This...
Tonight, the moon is full, what a treat!
The Full Moon, also known as the Hunter's Moon, will illuminate the night sky tonight. The Moon will be fully...
Sophia Bush Talks About Divorce, Relationship, and Memoir
Sophia Bush has shared her insights in her memoir about her divorce from Chad Michael Murray, describing the p...
Curling Club Offers New Online Access
The Portage Curling Club has introduced new online options for ice access. Lake Tahoe Epic Curling has also an...
Latest Update · Community Report · Community Report · Latest Update · Weekly Review · Local Briefing · Local Briefing · Weekly Review · Weekly Review · Local Briefing · News Roundup · Weekly Review · News Roundup · Weekly Review · Local Briefing · Weekly Review · Latest Update · Weekly Review · Latest Update · Daily Digest · Local Briefing · Latest Update · Daily Digest · Weekly Review · Daily Digest · Latest Update · Latest Update · Local Briefing · Weekly Review · Community Report · Community Report · News Roundup · Local Briefing · Local Briefing · Community Report · Community Report · News Roundup · Local Briefing · Daily Digest · Daily Digest