Market Todayâ–Ľ Bearish
Why is crypto down today? Binance hack fears push Bitcoin down 4.8% to $76,850
TradingGain Newsroom··30 Oct 2026, 18:30 UTCBitcoin fell 4.82% in 24 hours to $76,850, and most major coins fell with it, with only 54 of 369 tracked coins up. The most likely trigger is the Binance hack, which reports put at about $6.3 billion, with crypto prices sliding and crypto-linked stocks dropping. The Fear & Greed index fell to 30 (Fear) from 51 yesterday, showing traders are more cautious.
Updated 00:00 ISTRefreshes every 2 hours from live Binance futures data
Market breadth54 / 369coins up in 24h
Fear & Greed30Fear · yesterday 51
BTC funding0.0100%per 8 hours
BTC open interest-3.34%24h · $7.35B
What moved the market
- Binance reports about $6.3 billion stolen, with around $3 billion frozen. The exchange says it will cover all losses, and news reports link the sell-off to the hack.
- BNB, Binance's own token, fell 6.17%, one of the hardest hits among major coins, which matches the view that the hack is weighing on the exchange.
- Bitcoin open interest fell 3.34% in 24 hours, meaning fewer open bets are in the market as prices dropped.
- Funding is small: Bitcoin is at 0.01% and Ether at -0.0149% per 8 hours, so leverage does not appear to be the main force behind the drop.
What to watch next
Bitcoin is near first support at $76,569, and a break below it could test the second support at $75,176. Traders will watch whether Bitcoin can reclaim resistance at $80,655 and $83,347, and whether Binance's next update on restarting withdrawals, targeted within 48 hours, changes sentiment.
Bitcoin levels to watch today
Resistance 2$83,347
Resistance 1$80,655
Pivot$79,262
Support 1$76,569
Support 2$75,176
Classic daily pivot levels for BTC, calculated from the last completed daily candle.
BTCLive chartOpen full chart →
Written by TradingGain from live Binance futures data, the Fear & Greed Index and today's top stories.Live update →