Bitcoin Magazine reports that Bitcoin's price has fallen below $79,000 following a suspected hack at Binance, which resulted in outflows estimated at $5.8 billion. In response, Tether and Circle have frozen between $1.8 billion and $2.4 billion in stablecoins. This incident raises concerns about security in the cryptocurrency market and its impact on prices.
AI-assisted source briefing. Based on the Bitcoin Magazine RSS report; not independently verified.
Source published: Thu, 29 Oct 2026 23:06:37 +0000
[Read the original report](https://bitcoinmagazine.com/news/bitcoin-price-slides-binance)
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