Bitcoin near $77,000 after Binance hack and tech sell-off; Coinbase, Strategy and Circle shares fall

Bitcoin traded at about $77,030 as of 17:51 GMT on Friday 30 October, down about 1% since midnight GMT, according to Yahoo Finance data. Investopedia reported that it had fallen from a high near $82,000 on Thursday.

Ether was at about $2,238 as of 17:51 GMT, down 0.5% since midnight GMT, while XRP was up about 0.8% at $1.24 and BNB, the token linked to Binance, was at about $702, Yahoo Finance data showed.

CNBC reported earlier on Friday that bitcoin had fallen 4.1% to $77,445.96, ether 4.4% and BNB 6% over the previous 24 hours, after Binance said a security incident had an estimated impact of $6.3 billion. CNBC called it by far the biggest theft in crypto on record. Binance said about $3 billion of the stolen assets had been frozen and that it would cover all losses, CNBC reported. CoinDesk linked the fall to the Binance theft and a sell-off in technology shares.

Shares of crypto-related companies fell on Wall Street. As of about 17:25 to 17:52 GMT, Coinbase was down about 13%, Circle about 10%, Robinhood about 10% and Strategy, the largest corporate holder of bitcoin, about 9%, according to Yahoo Finance data. The Nasdaq Composite was down about 3.3%.

See also: Binance suspends withdrawals after suspected hack, Coinbase’s third-quarter results and Strategy’s third-quarter results.