Key Highlights

  • Bitcoin (BTC) fell about 3.3% to 3.4% to near USD 77,200 on October 30, 2026, a six-week low, after the reported Binance hack, per published market data.
  • That is about 40% below the record of USD 128,198 set on October 6, 2025: (128,198 minus 77,225) divided by 128,198 is about 39.8%, simple arithmetic.
  • The Binance theft is reported at about USD 6.3 billion to USD 6.36 billion, with USD 2.54 billion to USD 2.7 billion frozen; attribution to North Korea comes from private analytics firms, not law enforcement.
  • Ether dropped to about USD 2,239, a two-month low, and crypto-linked stocks fell 5% to 6% or more in premarket, snapshots that can change at the open.

The Hack and the Price Drop

Bitcoin (BTC) traded near USD 77,200 to USD 77,500 on Friday, October 30, 2026, down about 3.3% to 3.4% on the day. Analytics firm TRM Labs puts the Binance theft at about USD 6.36 billion across ten blockchains, starting around 8:05 p.m. UTC on October 29, and attributes it with high confidence to North Korea's TraderTraitor unit, which the FBI previously linked to the Bybit hack. About USD 2.7 billion has been frozen and the attacker holds roughly USD 2.4 billion. Binance said it will cover all losses, deposits were unaffected and withdrawals should resume within 48 hours. It has not published a root cause.

Why Hacks Hit Prices

A large theft hits Bitcoin (BTC) through confidence and supply. Traders may sell to cut exposure to exchange risk, and there is a risk, not a reported fact, that stolen coins are sold or moved. Binance's pledge to cover losses limits the direct shock to customers. The move comes with a wider sell-off: Nasdaq-100 futures were down about 2.5%, and Ether fell to about USD 2,239. Coinbase reported Q3 EPS of USD 2.51, mostly from crypto gains on its balance sheet, and bought its 18,000th bitcoin, which shows how asset prices feed company earnings. Bitcoin's drawdown from its record is the headline number here. Bitcoin's 1-year and 5-year drawdown figures were not verified here.

Risks and What to Watch

Bitcoin (BTC) remains about 40% below its record, so recovery is not assured. Risks include further exchange stress, reports of fund movements, regulatory responses and a broader risk-off tape with Fed hike pricing of about 80% for December. The attribution to North Korea rests on private firms, and the amount and frozen total vary by timestamp. Watch Binance's update on withdrawals within 48 hours, any root-cause statement, the 9:30 a.m. ET open and the midterms on Tuesday, November 3. Nothing here is a forecast of any bull run, and figures can change. Past recoveries are not a guide, and any rebound would depend on rates, flows and exchange confidence.

Where Things Stand

Bitcoin (BTC) fell to near USD 77,200, about 40% below its record, because the reported Binance hack, among the largest theft claims on record, hit confidence while tech stocks also sold off. The evidence is mixed: Binance says it will cover losses and a large share is frozen, but the cause is unpublished and attribution is from private firms. The next catalysts are the Withdrawal restart, any root-cause report and the November 3 midterms.