Bitcoin price falls to $78,000 following Binance security alert

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By James Wilson • Updated Oct 30, 2026 at 05:40

Bitcoin tumbles below $78,000, extending losses as Binance security scare rattles crypto markets - CNBC — Bitcoin price falls to $78,000 following Binance security alert

Bitcoin has reached below $78,000, with losses driven by a security scare at Binance. The exchange froze $3.5 billion of assets, raising concerns of a suspected hack. Reports from Yahoo Finance Australia and AFR mentioned the drop in Bitcoin prices. The aggressive Federal Reserve and rising inflation data also impacted the market, keeping Bitcoin unchanged at $80,000. CNBC and Reuters announced the decline, while Investing.com mentioned the hawkish Fed and inflation data.

“Reports from Yahoo Finance Australia and AFR mentioned the drop in Bitcoin prices,” — Farah Vance, staff writer at Bramwell Ton Services, commented.

By the Numbers

78,000 — sources cross-checked
3.5 — reports filed
80,000 — mentions tracked

Timeline

Oct 27 — Bitcoin has reached below $78,000, with losses driven by a security scare at Binance....

Oct 30 — CNBC and Reuters announced the decline, while Investing.com mentioned the hawkish Fed and inflation data....

Reader Poll: Should officials respond faster on issues like this? — 63% of Mrsfc readers said yes.

This story has been closely followed by our readers since Oct 26. The Bramwell Ton Services desk continues tracking updates and will publish follow-ups across the region.

What's next: A detailed recap is expected by Sunday, Nov 1.

ICYMI: Lionel Messi's new yacht

Editor's note: this report was prepared by the Bramwell Ton Services desk and last updated 04:36 UTC.

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