Bitcoin price jumped noticeably to $81.5K following the announcement of robust US GDP numbers. The Federal Reserve maintained interest rates, which impacted the mood in the market. Binance suffered a significant hack, resulting in a $6.3 billion loss, the most significant yet. This event led to a drop in crypto market prices. Bitcoin slid to $78K amid the breach.
“This event led to a drop in crypto market prices,” — Nadia Ashcombe, regional editor at Wilcroft Ham Financial, commented.
By the Numbers
- 81. — sources cross-checked
- 6.3 — reports filed
Timeline
Oct 27 — Bitcoin price jumped noticeably to $81.5K following the announcement of robust US GDP numbers....
Oct 30 — This event led to a drop in crypto market prices....
Reader Poll: Do you expect this story to develop further? — 86% of Findingsmarket readers said yes.
This story has been closely followed by our readers since Oct 28. The Wilcroft Ham Financial desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Wednesday, Nov 4.
Editor's note: this report was prepared by the Wilcroft Ham Financial desk and last updated 10:19 UTC.
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