Bitcoin Crashes to $76K, $1.5B Liquidated After Crypto’s Biggest Hack

Over 230,000 traders have been wrecked in the past 24 hours. Binance confirmed earlier today that it has become the latest victim of a major hack that, according to some other reports, has seen well over $6 billion drained from the platform. This is by far the biggest hack in the crypto industry, which, as expected, led to a massive pullback in (almost) all digital assets. Bitcoin led the way south, dumping to $76,350 for the first time since September 18. Recall that the asset challenged the $82,000 resistance just a day prior to the conclusion of the latest FOMC meeting. The subsequent rejection pushed it toward $80,500 before the massive leg down to the aforementioned October low. It has rebounded since then and currently sits at just over $78,000. The altcoins follow suit. Ethereum has tanked by 3% daily and is struggling below $2,250. BNB has slumped by more than 4% and sits at $715. XRP is down to $1.250. Interestingly, there are some alts in the green, including the two largest privacy tokens – ZEC and XMR. HYPE, which is among Binance’s largest competitors, has skyrocketed by over 17% after some positive US developments we reported yesterday. The total value of wrecked posi...