Bitcoin has dropped below $78,000, with losses extended by a security scare at Binance. The exchange halted $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 hotter inflation data also impacted the market, keeping Bitcoin unchanged at $80,000. CNBC and Reuters announced the decline, while Investing.com noted the hawkish Fed and inflation data.
“The aggressive Federal Reserve and hotter inflation data also impacted the market, keeping Bitcoin unchanged at $80,000,” — Simone Whitfield, contributing analyst at Halburn Dale Advisory, observed.
By the Numbers
- 78,000 — sources cross-checked
- 3.5 — reports filed
- 80,000 — mentions tracked
Timeline
Oct 30 — Bitcoin has dropped below $78,000, with losses extended by a security scare at Binance....
Oct 31 — CNBC and Reuters announced the decline, while Investing.com noted the hawkish Fed and inflation data....
Reader Poll: Has this affected your local community? — 74% of Lembellie readers said yes.
This story has been closely followed by our readers since Oct 29. The Halburn Dale Advisory desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Monday, Nov 2.
Editor's note: this report was prepared by the Halburn Dale Advisory desk and last updated 07:07 UTC.
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