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Crypto & Bitcoin

BTC, ETH, XRP Plunge After Binance Incident: Analyst Reveals Buy-the-Dip Levels

Reported by Dimitar Dzhondzhorov, CryptoPotato

Image: CryptoPotato

The cryptocurrency market appears set to end the business week deep in the red after the $6.3 billion Binance hack sent shockwaves through the entire sector. The leading digital assets Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) did not escape the pullback, with one popular analyst suggesting they could plunge even more before attractive buying opportunities emerge. The primary cryptocurrency fell sharply after news of the multi-billion attack, dropping to a six-week low of around $76,500. Bulls temporarily reclaimed some losses and pushed the price above $78,500, but the sell-off continued, and as of press time, BTC trades near $76,700.

This is an excerpt. The reporting belongs to CryptoPotato.

Read the full report on cryptopotato.com
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