Bitcoin holds steady near $78,000 as investors assess Binance security breach. Here is what experts say

Bitcoin traded near the $78,000 mark on Monday as market participants assessed developments surrounding Binance's reported security breach and its potential implications for broader market sentiment. The cryptocurrency was last trading at $78,118.In the past 24 hours, Bitcoin and Ethereum were up 0.06% and 1.03% respectively. Among the major altcoins, BNB, Solana, Hyperliquid, Dogecoin, Hyperliquid and Cardano corrected upto 1.34% whereas XRP and Tron were up 0.04% and 1.75% respectively.CoinSwitch Markets Desk said broader macroeconomic uncertainty and cautious risk appetite continued to influence investor positioning and going forward, BTC's near-term trajectory will likely depend on institutional demand, broader market sentiment…