Add as a preferred source on GoogleBitcoin Fell 6% After Binance Hack as Bitcoin Trading Volume Rose 67%
Bitcoin’s daily trading volume reached $40.9 billion in the same 10-hour window. A broader mix of trading venues can help support liquidity during exchange disruptions.
Bitcoin (BTC) fell about 6% in the 10 hours after initial reports of a Binance hack, while Bitcoin’s daily trading volume rose 67% to $40.9 billion.
About $6.3 billion in digital assets were stolen across multiple blockchains, including 18,270 BTC valued at roughly $1.5 billion at the time. TokenPost previously covered the Binance hack and its estimated losses.
Crypto trading spans a broader mix of venues, reducing reliance on any single exchange and helping preserve liquidity when a platform is disrupted. Cybersecurity vulnerabilities and operational disruptions are significant risks.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.