Bitcoin remains strong after a hack on Binance, masking market tensions
2026-11-02 17:39:55
According to CoinMeta, as reported by Cailian Press, since the world's largest cryptocurrency exchange, Binance, suffered a record-breaking cyber theft last week, investors were already prepared for the worst. However, Bitcoin has performed surprisingly strongly. Sean McNulty, a derivatives trader at market maker AQC Tech, stated that Bitcoin has performed even more robustly this time, partly because Binance is buying Bitcoin to compensate users for their losses. Nevertheless, he pointed out that the underlying sentiment in the market remains tense and uneasy.
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Source:CLS‌
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