Bitcoin steadies around $75,600 after massive $6.3 billion Binance hack
Business
bitcoin steadied around $75,600 on Friday after dropping more than 6% from its recent highs, following a massive $6.3 billion hack at Binance.
Other smaller cryptocurrencies like BNB, ether, and Solana also stayed mostly flat on Friday.
US spot bitcoin ETFs see withdrawals
Recent crypto swings were sparked by weak chip maker earnings and political shifts in Congress, making riskier assets less appealing.
Even though stocks bounced back a bit, worries about possible Fed rate hikes are still in the air.
Dean Chen, an analyst at crypto exchange Bitunix, pointed out that bitcoin's calm isn't really a comeback, just fewer people selling right now.
Meanwhile, big withdrawals from US spot bitcoin ETFs show investors are waiting for something major before jumping back in.