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

Home / Bitcoin price falls to $78,000 following...

By Sophia Thomas • 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 dropped below $78,000, with losses driven by a security scare at Binance. The exchange paused $3.5 billion of assets, triggering concerns of a suspected hack. Reports from Yahoo Finance Australia and AFR highlighted the drop in Bitcoin prices. The hawkish Federal Reserve and hotter inflation data also affected the market, keeping Bitcoin flat at $80,000. CNBC and Reuters stated the decline, while Investing.com mentioned the hawkish Fed and inflation data.

“CNBC and Reuters stated the decline, while Investing.com mentioned the hawkish Fed and inflation data,” — Simone Whitfield, regional editor at Norstone Wick Staffing, commented.

By the Numbers

78,000 — regions covered
3.5 — data points verified
80,000 — sources cross-checked

Timeline

Oct 29 — Bitcoin has dropped below $78,000, with losses driven by a security scare at Binance....

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

Reader Poll: Do you expect this story to develop further? — 67% of Bossbaaabe readers said yes.

This story has been closely followed by our readers since Oct 27. The Norstone Wick Staffing desk continues tracking updates and will publish follow-ups across the region.

What's next: An official statement is expected by Monday, Nov 2.

ICYMI: Asda is facing widespread order cancellations after thousands of shoppers discovered a...

Editor's note: this report was prepared by the Norstone Wick Staffing desk and last updated 04:43 UTC.

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