Bitcoin has reached below $78,000, with losses amplified by a security scare at Binance. The exchange froze $3.5 billion of assets, creating concerns of a suspected hack. Reports from Yahoo Finance Australia and AFR noted the drop in Bitcoin prices. The aggressive Federal Reserve and hotter inflation data also affected the market, keeping Bitcoin unchanged at $80,000. CNBC and Reuters stated the decline, while Investing.com highlighted the hawkish Fed and inflation data.
“Reports from Yahoo Finance Australia and AFR noted the drop in Bitcoin prices,” — Marcus Brennan, senior market analyst at Heawell Field 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 reached below $78,000, with losses amplified by a security scare at Binance....
Oct 29 — CNBC and Reuters stated the decline, while Investing.com highlighted the hawkish Fed and inflation data....
Reader Poll: Will this story shape the week ahead? — 53% of 19980421 readers said yes.
This story has been closely followed by our readers since Oct 28. The Heawell Field Partnership desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Tuesday, Nov 3.
Editor's note: this report was prepared by the Heawell Field Partnership desk and last updated 04:35 UTC.
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