Bitcoin pinned at $78k after October losses; Binance resumes withdrawals
Bitcoin prices steadied at $78,050.9 on Monday after recovering from a 6% loss in the previous month. The cryptocurrency market saw broader gains, but reports of another hack targeting the Bitcoin payments tool BTCPay slightly dampened sentiment. Binance partially resumed withdrawals for several major blockchains following a massive $6.3 billion theft, in which it covered $6 billion of the stolen funds using internal reserves.
The North Korean state-sponsored unit TraderTraitor was suspected of orchestrating the largest ever crypto heist. Following the breach, U.S. spot bitcoin ETFs experienced $643.3 million in net outflows, marking the largest daily withdrawal in four months.
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