Bitcoin Drops 1.4% to $77,400 as $6.3B Binance Hack Triggers Market-Wide Selloff

— Executive Summary

·Bitcoin fell 1.4% to $77,423 and the broader crypto market sold off sharply after Binance disclosed a $6.3 billion security breach—the largest crypto hack in history—with early evidence pointing to North Korean state actors, according to the Wall Street Journal and cybersecurity researchers.
·The incident triggered $1.57 billion in liquidations across digital assets, according to CoinDesk, and prompted exchanges to suspend transactions and coordinate defensive measures.
·US spot Bitcoin ETFs had posted a strong three-week inflow streak of $3.8 billion through early October, per CoinMarketCap, but the hack overshadowed recent institutional momentum.
·Traditional markets also declined, with the Nasdaq falling 3.5% as Amazon and Intel disappointed on AI capital expenditure outlooks, while gold dropped 3.5% and the S&P 500 shed 1.8%.

Market Snapshot

Bitcoin (BTC) — 77,423.42 (-1.38%) [Binance US] · Ethereum (ETH) — 2,243.63 (-0.33%) [Binance US] · Solana (SOL) — 95.95 (-2.17%) [Binance US] · S&P 500 (SPY) — 755.72 (-1.77%) [Twelve Data] · Nasdaq 100 (QQQ) — 690.49 (-3.47%) [Twelve Data] · Gold (GLD) — 355.78 (-3.47%) [Twelve Data] · US Oil (USO) — 168.83 (+0.38%) [Twelve Data]

Crypto Markets

Bitcoin fell 1.4% to $77,423 in the 24 hours through October 31, while Ethereum slipped 0.3% to $2,244 and Solana dropped 2.2% to $95.95, as the crypto market reeled from the largest security breach in the industry's history. Binance, the world's largest cryptocurrency exchange, disclosed that hackers had stolen $6.3 billion in digital assets, forcing the platform to suspend transactions and launch an investigation, according to the Wall Street Journal. The exchange said the breach occurred over a 30-minute window, and cybersecurity researchers quickly identified blockchain signatures consistent with TraderTraitor, an elite North Korean hacking unit, the Journal reported.