{
  "id": 17287992,
  "title": "Crypto Market Today, Oct. 30: Bitcoin Tests Key Support as Binance Hack and Tech Sell-Off Rattle Markets",
  "url": "https://urgent.news/2026/10/30/crypto-market-today-oct-30-bitcoin-tests-key-support-as-binance-hack",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T20:50:02.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/coverage/stock-market-today/2026/10/30/crypto-market-today-oct-30-bitcoin-slides-on-binance-hack-shock-liquidations-spike/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "On October 30, Bitcoin, Ethereum, and Solana prices all dipped as market sentiment remained fragile. Bitcoin was trading at $76,870.01, down 1.18%, while Ethereum stood at $2,239.10, slipping 0.43%. Solana closed at $94.94, down 0.57%. The downward trend was fueled by a $6.3 billion hack of Binance, the world's largest cryptocurrency exchange, which triggered extensive selling and forced liquidations worth about $1.57 billion. Binance responded by freezing $3 billion in stolen assets and allocating over $6.34 billion in reserves to cover losses, measures that have somewhat alleviated immediate fears but the impact of the breach, combined with a sharp sell-off in technology stocks, continues to dampen investor confidence and overall market sentiment.\n\nSpot Bitcoin ETFs also experienced a significant drop, with the iShares Bitcoin Trust ETF (IBIT) falling 5.14%, the Fidelity Wise Origin Bitcoin Fund (FBTC) down 5.07%, and the iShares Ethereum Trust ETF (ETHA) sliding 4.47%. This risk-off atmosphere has extended for several weeks, exacerbating the already volatile crypto market. Following the Binance incident, investors are now bracing for potential further downside, with the $75,000 level for Bitcoin serving as a critical watchpoint. A breach below this level could signal additional downward pressure. Despite the recent declines, many altcoins are still trading above their summer lows, following a robust rally, but some profit-taking and market consolidation are expected as investors absorb these latest developments. As uncertainty and market sentiment remain elevated, it may take time for a more definitive market move to emerge.",
  "summary": "Cryptocurrencies face renewed selling pressure as Bitcoin approaches a critical price level and investors assess whether the recent downturn has further to run.",
  "key_points": [
    "Bitcoin dips 1.18% to $76,870.01 amid market fragility",
    "$6.3B Binance hack triggers $1.57B in liquidations",
    "Spot Bitcoin ETFs IBIT, FBTC, ETHA down 5.14%, 5.07%, 4.47%"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}