Bitcoin▼ Bearish● Important

Bitcoin slips under $79,000 amid reported Binance wallet drain linked to Tornado Cash

TradingGain Newsroom·3h ago·29 Oct 2026, 22:45 UTC

Bitcoin fell to an intraday low of $78,297 on Binance spot on Oct. 29 and was near $79,126 at press time. Reports say large transfers left Binance-labeled wallets, and Binance says it is investigating a potential security issue, which adds uncertainty for traders.

BTCAt the time of writing, Bitcoin traded at $78,719 (-3.2% in 24h).Live price →

Why it matters

Bitcoin's intraday dip came as large transfers reportedly left Binance-labeled wallets.
Binance says it is aware of a potential security issue and is actively investigating it.
Security concerns at a major exchange can weigh on sentiment and make short-term price moves more volatile.

What to watch next

Watch whether bitcoin holds above its $78,297 intraday low and whether Binance confirms the cause and scale of the reported security issue.

BTCLive chartOpen full chart →

This brief is written by TradingGain from public reporting by CryptoSlate.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.