News
Bitcoin drops 39% to around $77,000 after Binance breach triggers ETF outflows
Bitcoin fell 39% from its all‑time high, trading near $77,000. The decline followed a security breach at Binance that Binance estimates caused $6.3 billion of impact and about $3 billion of on‑chain assets frozen. The breach triggered $643 million of withdrawals from U.S. spot Bitcoin ETFs, ending a four‑day streak of inflows. Prior to the outflows, Bitcoin spot ETF inflows had reached $440.8 million. BlackRock’s IBIT fund captured more than 90% of the new inflows.