Bitcoin price steadies near USD 78,000 after Binance hack
Published on 11/02/2026 at 13:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSWhat investors are watching now
- Bitcoin was displayed at USD 77,982.1 at 13:08:48 Berlin time on November 2, 2026, according to Investing.com.
- Binance has partially resumed withdrawals after reporting a USD 6.3 billion theft and said it had covered more than USD 6 billion of the stolen funds.
- US spot Bitcoin ETFs recorded USD 643 million in outflows on October 30, while weekly outflows were reported at about USD 202 million.
- Analysts cited by Yahoo Finance said Bitcoin remained above its 50-week moving average, but market sentiment stayed cautious.
Bitcoin price steadied near USD 78,000 on November 2 as crypto investors assessed the market impact of the reported Binance security breach and the exchange's partial resumption of withdrawals. Investing.com displayed Bitcoin at USD 77,982.1 at 13:08:48 Berlin time on its BTC/USD page, with a market capitalization of USD 1.56 trillion and 24-hour volume of USD 15.28 billion. The page ranked Bitcoin first among listed cryptocurrencies.
The quote was a live snapshot rather than a verified UTC daily close. Accordingly, the displayed intraday change is not presented here as Bitcoin's move against the November 1 UTC close. Investing.com showed a 52-week range of USD 57,832.5 to USD 110,736.3, while the circulating supply was listed at 20.11 million BTC against a maximum supply of 21 million.
Binance breach remains a market risk
According to Yahoo Finance, Binance resumed withdrawals on several major blockchains after reporting a USD 6.3 billion theft. The exchange said it had covered more than USD 6 billion of the stolen funds using internal resources and would cover customer losses. The report attributed the breach to the North Korean state-sponsored TraderTraitor group.
The same report said the breach had increased concern about selling pressure and wider crypto infrastructure risk. It also described a separate issue affecting older BTCPay Server installations, with users urged to update their software. These incidents concern exchanges and payment infrastructure; they do not by themselves establish a Bitcoin protocol failure.
ETF flows and technical levels
Institutional demand provided a less supportive backdrop. Yahoo Finance, citing market data and analyst commentary, reported that US spot Bitcoin ETFs recorded USD 643 million in outflows on October 30, while the week's net outflows were about USD 202 million. The report also said Bitcoin closed at USD 78,229 on Sunday, according to Galaxy Digital's Alex Thorn, and remained above its 50-week moving average of USD 75,728.
That technical observation offers context rather than a forecast. Michaël van de Poppe told Yahoo Finance that the correction could be approaching its later stage, while also warning that Bitcoin might still retest a recent low. The competing signals leave the Bitcoin price sensitive to ETF demand, the continuing Binance response and broader risk appetite.
Near-term calendar keeps focus tight
Investors are also watching the US midterm elections and upcoming economic data for possible effects on regulation, liquidity and risk-taking. The reported market response to the Binance incident has so far been more contained than the collapse of a major trading platform, but the episode has increased the premium investors may place on custody, exchange solvency and operational resilience.
Further Bitcoin coverage is available on the Bitcoin topic page.
