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Binance Hack Update: Losses Covered, Market Impact Limited

Analysts report that Binance's $6.3 billion hack has not triggered broader crypto market contagion. Daily net outflows have fallen from $6.1 billion to $458 million, while Bitcoin declined as much as 5.7% in the five days following the attack. Bitfinex analysts suggest the November 10 CPI report could determine Bitcoin's market bottom.

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Binance Hack Update: Losses Covered, Market Impact Limited · Coin News Pot