TLDR
- Bitcoin is trading near $78,629 on October 30 after bouncing from an intraday low of $76,301.
- Binance estimates about $6.3 billion in assets were affected by a security breach, and about $3 billion has been frozen.
- The Federal Reserve held rates at 3.75%–4.00% on October 28, with two members voting for a hike.
- US spot Bitcoin ETFs saw three straight days of inflows through October 28, but October 29 inflows were only about $17.2 million.
- Key support sits near $74,886, while RSI is at 39.78 and MACD is negative.
Bitcoin (BTC) is trading around $78,629 on Friday, October 30. The price has recovered from an intraday low of $76,301 but remains below the $80,000 level.
The move follows reports of a major security breach at Binance. The exchange estimates that about $6.3 billion in cryptocurrency assets were affected.
Binance Hack and Fed Decision Weigh on Bitcoin
According to Reuters, Binance and its industry partners have frozen about $3 billion of the affected assets. Chainalysis confirmed that at least $5.9 billion was stolen, and investigations are ongoing.
BREAKING: Binance has been hacked with wallets across the Ethereum, Bitcoin, and TRON networks seeing outflows of -$5.7 billion.
The hack includes $1.45 billion worth of Bitcoin and $875 million worth of ETH.
If confirmed, this would mark the biggest hack in crypto history.
We…
— The Kobeissi Letter (@KobeissiLetter) October 29, 2026
Binance has said it intends to cover customer losses. Uncertainty around the incident is still weighing on market confidence.
Watcher.Guru reported that more than $1.3 billion in leveraged crypto longs were liquidated in five hours after the hack. The account put the estimated theft at $5.7 billion and called it the largest hack in crypto history. It said Bitcoin fell under $77,000 and Ethereum dropped below $2,215.
JUST IN: Over $1.3 billion in leveraged crypto longs have been liquidated in the past 5 hours.
This comes after Binance was hacked, with an estimated $5.7 billion in cryptocurrency stolen, making it the largest hack in crypto history.
Bitcoin, Ethereum, and other… pic.twitter.com/lD5IZpo2tB
— Watcher.Guru (@WatcherGuru) October 30, 2026
On October 28, the Federal Reserve kept its benchmark rate at 3.75%–4.00%. It cited persistent inflation and continued economic strength.
Two policymakers voted for a quarter-point increase. Higher rates can reduce demand for assets like Bitcoin by raising borrowing costs.
ETF Flows and On-Chain Data
US spot Bitcoin ETFs recorded inflows for three straight trading days through October 28. Farside Investors data shows $137.3 million came in on October 28, $176 million on October 27 and $110.3 million on October 26.
BlackRock’s IBIT took in $136 million of Wednesday’s total. Preliminary figures for October 29 show about $17.2 million in inflows, which may be revised.
Glassnode’s October 26 report showed entity-adjusted transfer volume rose 25.9% to $5.5 billion. Daily active addresses fell 2.2% to about 615,200.
CoinGlass data put exchange reserves at about 3.36 million BTC on October 28, up 0.16% in 24 hours. These figures predate the Binance breach.
On the daily chart, Bitcoin was rejected from the $85,000–$87,000 zone earlier in October. It has since formed lower highs.
Immediate resistance sits near $80,000, with a supply zone between $81,500 and $82,500. A move above that could open the path toward $84,000–$86,000.
Support is around $74,900–$76,000, where an ascending trendline from June meets horizontal support at $74,886. A daily close below that area could expose $72,000.
The daily RSI is 39.78, and the MACD is below its signal line with a negative histogram. Investors are watching the Binance investigation, ETF flows and rate expectations.
Bitcoin was last seen around $78,629.
