Bitcoin fell 0.4% to around $77,900 following the $6.3 billion hack affecting Binance. During the first nine and a half hours after withdrawals resumed, customers withdrew about $4.65 billion and deposited $1.01 billion, resulting in net outflows of $3.64 billion. U.S. spot Bitcoin exchange-traded funds also recorded $643 million in outflows on Friday, their largest single-day withdrawal in October. Investors are watching the U.S. midterm elections on November 3 and the employment report on November 6 for signals that could influence the market. Stabilizing flows at Binance and restoring confidence in centralized platform security remain key to Bitcoin’s next move.
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