Bitcoin Slides to Six-Week Low Below $77K as Binance Halts Withdrawals and Vows to Cover Losses

Bitcoin slipped through $77,000 in the early hours of October 30 and kept sliding, settling near its lowest level in six weeks after the fallout from a record Binance hot-wallet hack forced the world’s largest exchange to close its on-chain doors in both directions. The leading cryptocurrency traded near $76,600 on Binance, down roughly 4% over 24 hours, after the exchange said it was suspending all deposits and withdrawals while it froze funds, coordinated with law enforcement, and pledged to cover every dollar lost.