Bitcoin Price Under Pressure After Binance Hack: Traders Eye Lower Levels

A massive security breach at Binance—the largest exchange heist in cryptocurrency history—has sent shockwaves through digital asset markets. Attackers walked away with $6.3 billion, instantly dragging the total crypto market capitalization down 1.4% to $2.73 trillion. Major altcoins took a sharp beating, with Bitcoin dropping to $77,300, Ethereum sliding 3.4% to $2,229, XRP dropping 3.4% to $1.25, and Solana falling 2.8% to $97.07. The sudden market crash triggered a severe leverage flush, liquidating $1.55 billion across derivative markets, according to Coinglass data.