Bitcoin price metrics hint at rebound as $1.6B liquidations follow Binance hack
Bitcoin held above $76,000 after a $6.3 billion Binance hack and a tech-stock sell-off, as momentum indicators pointed to a possible rebound.
Bitcoin held above $76,000 after a $6.3 billion Binance hack and a tech-stock sell-off, as momentum indicators pointed to a possible rebound.
Bitcoin (BTC) traded above $77,000 on Friday as crypto market liquidations passed $1.5 billion over 24 hours.
Data from TradingView showed BTC/USD dropping as low as $76,320 amid the fallout from a $6.3 billion hack of the largest cryptocurrency exchange Binance.
The hack added to macro pressure on crypto, with US stock markets falling on Thursday after tech earnings fell short of expectations. Alphabet missed earnings and revenue targets on Wednesday. In the aftermath, GOOGL fell by 13% to $282, its lowest level since April.