Why is crypto up today? Bitcoin up 0.78% to $77,544 as most coins gain despite Binance hack
Bitcoin rose 0.78% to about $77,544 over the last 24 hours, and 127 of 203 tracked coins gained. The move is small and broad rather than driven by one clear event. The data points to modest buying interest, while the Binance hack news and a Fear sentiment reading kept the market cautious.
What moved the market
- The gain was small and broad: 127 of 203 coins rose, with Bitcoin up 0.78%, Ethereum up 0.55% and Solana up 0.8%.
- Binance hack reports, putting losses at $6.3B to $6.4B, weighed on sentiment, though Bitcoin fell only about 3% in the reaction.
- Bitcoin open interest rose 2.52% in 24 hours, meaning more positions were opened, while Bitcoin funding was slightly positive at 0.01%.
- The Fear & Greed index stayed at 30 (Fear), unchanged from yesterday, and Bitcoin ETFs saw a $643 million outflow on October 30.
What to watch next
Traders may watch whether Bitcoin can move above resistance at $78,636 and then $79,960. They may also watch whether it holds above support at $76,130 and then $74,947.
Bitcoin levels to watch today
Classic daily pivot levels for BTC, calculated from the last completed daily candle.
