Bitcoin value drops to $78,000 following Binance security scare

Home / Bitcoin value drops to $78,000 following...

By Robert Anderson • Updated Oct 30, 2026 at 05:40

Bitcoin tumbles below $78,000, extending losses as Binance security scare rattles crypto markets - CNBC — Bitcoin value drops to $78,000 following Binance security scare

Bitcoin has dropped below $78,000, with losses extended by a security scare at Binance. The exchange halted $3.5 billion of assets, triggering concerns of a suspected hack. Reports from Yahoo Finance Australia and AFR mentioned the drop in Bitcoin prices. The strict Federal Reserve and rising inflation data also affected the market, keeping Bitcoin stable at $80,000. CNBC and Reuters announced the decline, while Investing.com highlighted the hawkish Fed and inflation data.

“Reports from Yahoo Finance Australia and AFR mentioned the drop in Bitcoin prices,” — Hugo Halloway, research director at Elmstone Wick Partnership, added during the briefing.

By the Numbers

78,000 — reports filed
3.5 — mentions tracked
80,000 — updates logged

Timeline

Oct 28 — Bitcoin has dropped below $78,000, with losses extended by a security scare at Binance....

Oct 29 — CNBC and Reuters announced the decline, while Investing.com highlighted the hawkish Fed and inflation data....

Reader Poll: Has this affected your local community? — 60% of Sideko readers said yes.

This story has been closely followed by our readers since Oct 26. The Elmstone Wick Partnership desk continues tracking updates and will publish follow-ups across the region.

What's next: A follow-up briefing is expected by Monday, Nov 2.

ICYMI: CS Cartaginés secures spot in Copa Centroamericana final

Editor's note: this report was prepared by the Elmstone Wick Partnership desk and last updated 04:49 UTC.

Nathan Lyon's performance shines in third Test against South Africa

Nathan Lyon bowled key wickets in the third Test against South Africa, contributing to Australia's resilience....

Oct 27, 2026

Israeli election results show Netanyahu is far from defeated - The Washington Post

Netanyahu's bloc leads in Israeli election results

Israeli election results indicate Netanyahu's coalition holds a slight lead in the election. Discussions on fo...

Oct 29, 2026

JACKSON THOMPSON: Sophie Cunningham claims FBI is watching 20 people for her, on WNBA anthem controversy - Fox News

WNBA player Sophie Cunningham discusses FBI monitoring claims

WNBA player Sophie Cunningham has stated that the FBI is monitoring a group of twenty individuals, including h...

Oct 29, 2026

Fears grow for Iranian athletes on death row as mountaineer latest to be hanged - The Guardian

Saudi Arabia Executes Teenager for 14-Year-Old Crime|Concerns Rise Over Capital Punishment|Iran's Death Row Threatens Athletes|Malaysia Finds Public Support for Drug Penalty Reform|Bangladesh Seeks Clarity on Executions in Mecca|Livestreaming Executions Spark Debate

Saudi Arabia has carried out the execution of a man who committed a crime when he was young. This execution ha...

Oct 27, 2026

[DIRETTA] Venezia Inter in diretta 28° ottobre 2026 - Vantage Data Centers

The grand encounter between Venezia and Inter Milan is about to happen

The match between Venezia and Inter Milan is set for October 28, 2026. Team officials have stated that Pio is...

Oct 28, 2026

Brewers-Rays World Series Is Exceeding TV Viewership Expectations - Forbes

The Brewers' Success in the World Series Draws Strong Viewership

The Brewers Rays World Series is drawing strong viewership. Ratings are down only a slight 6% through two game...