Binance hack sends Bitcoin to six-week low on October 31, 2026

1. MAIN MOVE: Bitcoin slid to a six-week low after the Binance breach.
Bitcoin traded around $77,000–$77,700 on Friday, down roughly 3.18% according to Arab48, while ChainCatcher reported BTC/USDT briefly broke below $77,000 with a 24-hour decline of 4.69%. The security incident at Binance had an estimated total impact of $6.3 billion, with about $3 billion in assets frozen. Cointelegraph noted BTC/USD around $77,000, down 1.1% on the day and at its lowest since September 18, with October heading for a 7.7% loss, the worst October since 2014. This matters because uncertainty around exchange custody can quickly turn into broad defensive selling.

2. KOREAN MARKET: Large caps fell while XRP edged higher.
On Upbit at 08:00 KST, BTC was down 1.65% to 103,619,000 KRW, ETH fell 1.12% to 3,010,000 KRW, SOL slipped 0.23% to 129,000 KRW, XRP rose 0.72% to 1,686 KRW, and Dogecoin fell 0.98% to 101 KRW. The mixed response shows that not every asset was sold aggressively — XRP even advanced, suggesting local demand is selective rather than uniformly bearish.

3. NOTABLE ALTCOIN: BEAM surged 35.56% as the top gainer.
Upbit data listed BEAM as the day’s strongest performer with a 35.56% jump, although no specific price was given in the source. A large gain during a risk-off session often attracts short-term speculative interest, but it also carries reversal risk if overall sentiment remains fragile.

4. SENTIMENT AND MACRO: Fear returns as Nasdaq slides 2.5%.
CoinMarketCap data cited on October 30 put BTC at $78,497, down 4.01% week-on-week, and ETH at $2,250, down 6.51% week-on-week. The Crypto Fear & Greed Index fell to 38, in fear territory. The Nasdaq Composite dropped roughly 2.5% to 25,500 and gold fell to $3,891/oz, a one-year low. An HTX snapshot at 02:02 Beijing time also showed only 12 advancing versus 92 declining among 105 liquid assets, reinforcing the weak market breadth.

5. KEY SUPPORT: Bitcoin is testing the $76,000–$76,200 area.
Pluang data early on October 31 showed BTC near $76,000, down about 8.4% in October and testing support at $76,000–$76,200; on that platform BTC traded at 1,396,032,431 IDR, a 24-hour decline of 5.18%. This zone is worth watching because losing it could deepen the pullback, while holding it may give the market a chance to stabilize after the Binance shock.

What to watch today: Binance’s next update on withdrawals and whether BTC can hold the $76,000–$76,200 support zone.
*Information is aggregated for reference only, not investment advice.*