Bitcoin Price Holds 50-Week Trend Despite $6.3B Binance Hack

Bitcoin has closed above its 50-week moving average for a seventh consecutive week despite the $6.3 billion Binance hack and renewed crypto-market volatility. Glassnode says even a pullback toward $75,800 could leave the broader technical setup intact. Bitcoin just absorbed one of crypto’s largest exchange hacks without breaking a technical level traders have spent months watching. BTC secured a seventh consecutive weekly close above its 50-week moving average, keeping its broader market structure intact after Binance disclosed roughly $6.3 billion of unauthorized hot-wallet withdrawals .