Is This the End? How Low Bitcoin Could Fall After the Binance Hack

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.About $2.8 billion left a Binance hot wallet and Bitcoin slid below $79,000. Whether this turns into a real crash depends on one question. Three scenarios, the key price levels for Bitcoin, Ethereum and Solana and what to do now.How low can Bitcoin fall after the Binance hack? The honest answer hangs on one question: will withdrawals at Binance stay open. On Thursday night about $2.8 billion was drained from a Binance hot wallet and Bitcoin slid to $78,763 by 21:00 UTC. Measured against the roughly $144 billion that DefiLlama shows on Binance addresses, the damage is small. Markets, however, trade trust, not totals. We walk through three scenarios, the price levels that matter now for Bitcoin, Ethereum and Solana, and how to act. The minute-by-minute account of the evening is in our crypto crash timeline, the details of the drained wallet in our Binance hack report. Is this the end of the Bitcoin bull run? Not on Thursday's data. Bitcoin lost just under 2% in the first hour and ...