Bitcoin price plunges below $78,000 amid Binance security alert

Home / Bitcoin price plunges below $78,000 amid...

By Olivia Martinez • Updated Oct 30, 2026 at 05:40

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

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

“The exchange froze $3.5 billion of assets, creating concerns of a suspected hack,” — Nadia Ashcombe, contributing analyst at Fenstone Ton Partnership, added during the briefing.

By the Numbers

78,000 — mentions tracked
3.5 — updates logged
80,000 — regions covered

Timeline

Oct 28 — Bitcoin has reached below $78,000, with losses extended 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: Has this affected your local community? — 41% of Texagel readers said yes.

This story has been closely followed by our readers since Oct 26. The Fenstone Ton Partnership 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.

ICYMI: Xero connects Google Gemini app for small businesses

Editor's note: this report was prepared by the Fenstone Ton Partnership desk and last updated 05:18 UTC.

Pentagon Addresses Leak Scandal

The Pentagon has fired a top general charged with disclosing sensitive data to the media . The military has re...

Oct 29, 2026

RSPCA Prosecutes Nicola Stirk Over Pet Neglect

Nicola Stirk, a previously licensed GP, has been prosecuted by the RSPCA for neglecting her animals' welfare....

Oct 28, 2026

Iraola sees 'every competition as an opportunity' ahead of EFL Cup clash with Chelsea - beIN SPORTS

Chelsea vs Liverpool in EFL Cup

Liverpool and Chelsea are set to face off in an Carabao Cup clash. Liverpool manager Iraola views every game a...

Oct 27, 2026

'F**k you, David': Lily Allen hits Melbourne with pure theatrical revenge - Herald Sun

Lily Allen's electrifying show at TikTok Entertainment Centre

Lily Allen performed at the TikTok Entertainment Centre in Melbourne. Her concert stood out for her music and...