A sharp selloff in bitcoin, ether and XRP forced about $1.5 billion of leveraged crypto positions to close. Most of those closed trades were bets on prices rising, and a rebound has since started to hurt traders betting on falling prices.
Michael Saylor says Strategy could create up to $30 billion in digital credit without issuing new common stock or waiting for Bitcoin prices to rise further. The company also plans to buy more BTC. For traders, this points to possible added buying demand for Bitcoin that does not depend on new stock sales.
A CoinDesk blockchain trace shows the bitcoin taken in the Binance hack, worth about $1.4 billion, is now spread over 19 wallets. None of those wallets has sent any coins since Thursday night, and 17 of them hold exactly 1,000 BTC each. Traders may watch this closely because the coins could be moved onto the market at any time.
Bitcoin briefly fell to $76,300 after Binance confirmed a hack estimated at $6.3 billion. Binance says the attacker reportedly got in through a compromised employee laptop, and about $3 billion has been frozen onchain. The news may weigh on trader sentiment, so the exchange's response matters.
Bitcoin and ether fell after a suspected $6.3 billion security breach at Binance and a Polymarket exploit. Standard Chartered says crypto prices may stay under pressure before finding a base. Traders may want to watch risk closely while the situation becomes clearer.
Ethereum moved −2.69% within one hour on Binance futures, trading around $2,206. Fast moves like this often bring a wave of long liquidations, so expect higher volatility in the next few candles.
Solana moved −3.93% within one hour on Binance futures, trading around $92.83. Fast moves like this often bring a wave of long liquidations, so expect higher volatility in the next few candles.
Bitcoin moved −2.49% within one hour on Binance futures, trading around $76,761. Fast moves like this often bring a wave of long liquidations, so expect higher volatility in the next few candles.
Strategy (MSTR) reported record Q3 2026 operating income of $20.91 billion, driven by Bitcoin's rebound. Its revenue fell, and its year-to-date BTC yield is negative, so the results are mixed. For traders, the report shows how much Strategy's earnings depend on Bitcoin's price.
Bitcoin fell below $79,000 after reports of a suspected hack at Binance, with outflows of up to $5.8 billion. Tether and Circle reportedly froze about $1.8 to $2.4 billion in stablecoins in response. Traders may watch for security fallout and selling pressure, since the event is tied to a major exchange and to stablecoin liquidity.
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.
Binance lost $5.7 billion in the largest crypto hack to date. Crypto prices are falling on the news, with bitcoin dropping back to $79,000. For traders, a loss this size may make the market more cautious and add pressure to prices.
Binance has lost $5.7 billion in what CoinDesk calls the biggest crypto hack in history. Crypto prices fell on the news, and bitcoin slid back to $79,000. Traders may want to watch how sharply the market reacts as the loss sinks in.
Binance has lost more than $6 billion in what CoinDesk calls the biggest crypto hack in history. Crypto prices fell on the news, and bitcoin dropped back to $77,000. Binance's co-CEO has said the exchange will cover all of the losses.
Bitcoin moved −2.54% within one hour on Binance futures, trading around $78,773. Fast moves like this often bring a wave of long liquidations, so expect higher volatility in the next few candles.
Ethereum moved −3.30% within one hour on Binance futures, trading around $2,257. Fast moves like this often bring a wave of long liquidations, so expect higher volatility in the next few candles.
Solana moved −3.51% within one hour on Binance futures, trading around $96.57. Fast moves like this often bring a wave of long liquidations, so expect higher volatility in the next few candles.
A miner running FutureBit's Apollo Solo setup found Bitcoin block 973,262 on October 26. The miner collected the full 3.154 BTC reward, which covers both the block subsidy and transaction fees from 2,477 transactions. This is a mining milestone with little direct effect on Bitcoin's price.
About a third of Deribit's Bitcoin options, worth $11 billion in total, are set to settle on Friday. The news follows a Fed decision to hold rates, where two officials voted to raise them instead. Traders may watch closely because the expiry and the Fed's stance could both shape Bitcoin's price.
Bitcoin is trading near the average price paid by U.S. spot ETF holders, a day after the Federal Reserve held rates steady. Glassnode says about 4 million BTC were bought above $85,000, and those holders could cap a recovery. For traders, this suggests that price near that zone may face resistance.
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.