Bitcoin▼ Bearish● Important

Binance hack pushes bitcoin and ether lower as crypto liquidations hit $1.57 billion

TradingGain Newsroom·1h ago·30 Oct 2026, 11:09 UTC

Bitcoin traded near $77,350 after a $6.3 billion hack at Binance, and ether also fell. Crypto futures liquidations jumped to $1.57 billion, meaning many leveraged trades were forced to close. Traders may want to watch risk levels closely as the sell-off unfolds.

BTCAt the time of writing, Bitcoin traded at $77,669 (-3.14% in 24h).Live price →

Why it matters

The Binance hack came with a loss of $6.3 billion, a big shock for a major exchange.
Crypto futures liquidations rose to $1.57 billion, showing leveraged traders took heavy losses.
Bitcoin and ether both moved lower, so the hack hit the wider crypto market, not just one coin.

What to watch next

Watch whether bitcoin holds near the $77,350 level or slides further, and how liquidations trend after the hack.

BTCLive chartOpen full chart →

This brief is written by TradingGain from public reporting by CoinDesk.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.