{"id":31574,"date":"2026-10-30T15:33:20","date_gmt":"2026-10-30T15:33:20","guid":{"rendered":"https:\/\/moneyinsiderzone.com\/?p=31574"},"modified":"2026-10-30T15:33:20","modified_gmt":"2026-10-30T15:33:20","slug":"bitcoin-price-crashes-below-77000-as-binance-security-scare-sparks-1-5b-wipeout","status":"publish","type":"post","link":"https:\/\/moneyinsiderzone.com\/?p=31574","title":{"rendered":"Bitcoin price crashes below $77,000 as Binance security scare sparks $1.5B wipeout"},"content":{"rendered":"
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Bitcoin fell below $77,000 on Friday as fears over a suspected security breach at Binance accelerated a sell-off that forced nearly $1.5 billion in leveraged cryptocurrency positions to close.<\/p>\n

The largest digital asset traded around $76,664 late Thursday, down roughly 4.5% over 24 hours, after repeatedly failing to hold $80,000. <\/p>\n

The decline followed Binance’s disclosure of a potential security issue<\/a> and an industry-wide effort to freeze linked assets.<\/p>\n

Bullish traders bore most of the damage. With Bitcoin testing long-term support, attention is turning to whether $75,000, and eventually $73,000, could come into view.<\/p>\n

Bitcoin price crash: Binance scare triggers $1.5 billion liquidation wave<\/h2>\n

Binance said Thursday that it was investigating a potential security incident, prompting industry partners to freeze billions of dollars in associated assets. It said customer funds were safe, but uncertainty spread.<\/p>\n

CoinGlass figures showed $1.49 billion in cryptocurrency derivatives liquidations within 24 hours, including $1.29 billion in bullish bets. More than 243,000 traders were affected.<\/p>\n

Bitcoin accounted for approximately $475 million of the total, with bullish positions representing nearly 88%. These figures measure forced closures of leveraged trades, not losses in Bitcoin’s total market value.<\/p>\n

When prices fall far enough, exchanges automatically close positions that no longer have sufficient collateral. Those sales can drive prices lower and trigger another round of liquidations.<\/p>\n

\u201cMarket recovery hinges on Binance restoring confidence in exchange security and customer funds,\u201d Zeus Research analyst Dominick John told The Block.<\/p>\n

The ultimate extent of the breach remains uncertain. But the effect on market positioning was immediate: traders who had expected a recovery above $80,000 were caught on the wrong side<\/a> of an accelerating decline.<\/p>\n

Bitcoin price today: Why $77,000 matters for Bitcoin’s next move<\/h2>\n

The break below $77,000 has brought an important technical marker into focus. CryptoQuant research head Julio Moreno identified Bitcoin’s 365-day moving average near $77,406 as an initial support area.<\/p>\n

Bitcoin subsequently slipped beneath that level, putting buyers under pressure to defend the broader $76,300 to $77,000 region. Holding that range could help stabilise prices after the liquidation wave, but an extended loss would increase attention on $75,000.<\/p>\n

Below that, analyst Ali Martinez is watching the 200-day moving average near $73,000, a deeper potential support level.<\/p>\n

\u201cThose are levels where I\u2019ll look for support; not guaranteed bottoms,\u201d Martinez said.<\/p>\n

That qualification matters, as moving averages can attract buyers, but they do not prevent prices from falling, particularly when forced selling overwhelms normal trading activity.<\/p>\n

On the upside, regaining $80,000 would be a first sign that sellers are losing control. A sustained recovery towards $82,000 would offer stronger evidence of demand returning.<\/p>\n

Until then, the swift reversal from above $80,000 leaves Bitcoin vulnerable to another test of lower prices.<\/p>\n

Bitcoin below $77,000: Inflation and interest rates deepen the pressure<\/h2>\n

The Binance scare struck as investors were already reassessing riskier assets. The Federal Reserve held rates at 3.75% to 4% on Wednesday<\/a>, leaving open the possibility of further tightening.<\/p>\n

September’s US personal consumption expenditures inflation<\/a> rose to 3.6% annually, from 3.4% in August, reinforcing concerns that borrowing costs may remain elevated.<\/p>\n

Higher yields can strengthen the dollar and reduce the appeal of speculative assets, including Bitcoin.<\/p>\n

\u201cBitcoin\u2019s near-term performance may depend more heavily on Treasury yields, dollar movements and broader risk sentiment,\u201d Bitget analyst Lewis Huang told Cointelegraph before the Binance incident.<\/p>\n

There is a counterpoint. US spot Bitcoin exchange-traded funds attracted $137 million on Wednesday, extending a three-day inflow streak to about $424 million. <\/p>\n

However, those figures preceded the latest plunge and do not establish that investors continued buying during Friday’s sell-off.<\/p>\n<\/p>\n

The post Bitcoin price crashes below $77,000 as Binance security scare sparks $1.5B wipeout<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin fell below $77,000 on Friday as fears over a suspected security breach at Binance accelerated a sell-off that forced nearly $1.5 billion in leveraged cryptocurrency positions to close. The largest digital asset traded around $76,664 late Thursday, down roughly 4.5% over 24 hours, after repeatedly failing to hold $80,000. The decline followed Binance’s disclosure […]<\/p>\n","protected":false},"author":1,"featured_media":31575,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[],"class_list":["post-31574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/posts\/31574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31574"}],"version-history":[{"count":0,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/posts\/31574\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=\/wp\/v2\/media\/31575"}],"wp:attachment":[{"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneyinsiderzone.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}