Bitcoin price steadies near USD 78,000 as Binance hack keeps risk appetite subdued
Published on 11/01/2026 at 13:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSBitcoin enters November under pressure
- Bitcoin traded near 77,993.3 USD on the Investing.com page read for this report.
- Binance said it had covered 90% of assets affected by a record 6.3 billion USD hack and began restoring withdrawals.
- U.S. spot Bitcoin ETFs recorded 643.3 million USD of net outflows on October 30, according to Investing.com.
Bitcoin price trading remained volatile as November began, with the market weighing a major exchange security incident against signs of partial stabilization. The Investing.com Bitcoin page showed a quote of 77,993.3 USD at 12:17:56 when read for this report, alongside a 24-hour volume of 12.22 billion USD and a market capitalization of 1.57 trillion USD. The displayed intraday range was 77,496.2 to 78,261.4 USD.
Binance incident keeps risk elevated
Binance said it had covered up to 90% of the assets affected by a record theft of about 6.3 billion USD and had begun restoring withdrawals in phases. CNBC reported that the exchange said Bitcoin, Ether and several stablecoins were fully backed, while the remaining uncovered assets were less liquid tokens. Binance said it would absorb the financial impact rather than pass losses to users.
CNBC also reported that the FBI attributed the theft to North Korean actors and that investigators were tracking the movement of stolen assets. The incident is relevant to Bitcoin investors mainly through broader exchange, custody and market-structure risk; it does not represent a change to Bitcoin's underlying issuance rules.
ETF flows add a second pressure point
According to Investing.com, published through Yahoo Finance, Bitcoin fell about 7.3% in October and ended the month near 77,558 USD. U.S. spot Bitcoin ETFs recorded 643.3 million USD in net outflows on October 30, reversing four consecutive sessions of inflows. The same report identified 75,000 USD as a key support level and said a sustained recovery would require a move back above 80,000 USD.
These levels are market reference points, not forecasts. The current quote is below the 52-week high of 111,229.8 USD shown on Investing.com and above the displayed 52-week low of 57,832.5 USD. The page also showed 20.11 million BTC in circulation against a maximum supply of 21 million BTC.
What investors should monitor
For the near term, investors may focus on whether Bitcoin can hold above the 75,000 USD area, whether ETF flows turn positive again and whether Binance completes its withdrawal restoration without further disruption. The combination of exchange security concerns and institutional flow data leaves the market sensitive to new information. It also means that a short-term recovery should not automatically be interpreted as a confirmed trend reversal.
Further Bitcoin coverage is available on the Bitcoin topic page.
