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Bitcoin Rebounds Toward $79,000 Despite Major Crypto Hack

TradingGain Newsroom·2h ago·02 Nov 2026, 04:42 UTC

Bitcoin climbed back toward $79,000 even after crypto's largest hack, as investors moved past the attack. Oil fell after a report that Trump wants to give Iran diplomacy more time. Traders will also be watching the U.S. midterm elections on Tuesday.

BTCAt the time of writing, Bitcoin traded at $78,426 (+0.8% in 24h).Live price →

Why it matters

Bitcoin's move back toward $79,000 suggests the hack did not drive broad selling in the market.
Oil slid on a report that Trump may give Iran diplomacy more time, which could ease energy price pressure.
ZEC led the major coins, showing that some altcoins are attracting strong trader interest.

What to watch next

Watch whether bitcoin can hold near the $79,000 level and how markets react to the U.S. midterm elections on Tuesday.

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

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1h ago

Chart Analysis● Neutral

BTC 1H Analysis: Holds above $77,613 trendline, eyes $78,777 resistance

BTC is trading near $78,356, up 0.7% over 24 hours and still above its rising trendline. Price is sitting just below the $78,777 resistance zone, and the next 1H close will show which way it breaks.

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12h ago

Market Today● Neutral

Crypto market today: Bitcoin up 0.34% as traders weigh Binance hack fallout

Bitcoin rose 0.34% in the last 24 hours to about $78,185, while the wider market was mixed, with 88 of 215 tracked coins up. The most likely reasons are caution after the Binance hack, where withdrawals reopened and large outflows were reported, and Bitcoin ETF outflows of $643.2 million on Friday.

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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.