Coinbase leads crypto stock selloff following $6.3B Binance hack

Circle, Strategy and other crypto-linked stocks fell sharply Friday, a day after Binance disclosed a $6.3 billion security breach.

Circle, Strategy and other crypto-linked stocks fell sharply Friday, a day after Binance disclosed a $6.3 billion security breach.

Bitcoin circled $77,000 as crypto markets navigated US stock-market downside, while the gold price fell to its lowest in a year.

Bitcoin, Ether and the broader crypto market took a dive as Binance suffered a multibillion-dollar hack.

Traders are pricing in a 78% chance of a December rate hike, while analysts say Treasury yields, the US dollar and upcoming inflation data could determine Bitcoin’s next move.

Bitcoin dipped below $81,000 as stocks fell and Brent crude hit its highest level since March, leaving the 50-day moving average in focus.

A merger would bring Tesla into the same corporate group as Grok developer SpaceXAI and social media platform X.

“A return to last year’s indiscriminate capital raising looks unlikely,” said Bitfinex head of derivatives Jag Kooner.

Bitwise’s Matt Hougan said nearly every fundamental indicator that Bitwise tracks spiked sharply higher.