--- title: "Bitcoin falls below $77,000 amid cryptocurrency sell-off" publisher: "Share Talk" author: "sharetalk" published: "2026-11-03T08:35:01+00:00" modified: "2026-11-03T08:35:01+00:00" date: 2026-11-03 canonical: "https://www.share-talk.com/bitcoin-falls-below-77000-amid-cryptocurrency-sell-off/" category: "Blogs" categories: ["Blogs", "e-commerce", "Fintech", "Technology", "Technology, Media & Telecoms"] tags: ["Binance", "Bitcoin", "BTC", "Bybit hack", "cryptocurrency exchange", "Ether", "Ethereum", "North Korean", "North Korean hackers.", "TraderTraitor", "TRM Labs"] image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/11/077fe8e4-6eac-4719-8dc1-4217ac75ad92.png?fit=1727%2C911&quality=80&ssl=1" format: "news" language: "en-GB" --- # Bitcoin falls below $77,000 amid cryptocurrency sell-off **Published:** November 3, 2026 **Author:** sharetalk **Categories:** Blogs, e-commerce, Fintech, Technology, Technology, Media & Telecoms **Tags:** Binance, Bitcoin, BTC, Bybit hack, cryptocurrency exchange, Ether, Ethereum, North Korean, North Korean hackers., TraderTraitor, TRM Labs **Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/11/077fe8e4-6eac-4719-8dc1-4217ac75ad92.png?fit=1727%2C911&quality=80&ssl=1) --- **Bitcoin slipped below $77,000 on Tuesday as cryptocurrency markets remained under pressure following the record $6.3 billion Binance hack, another wave of leveraged liquidations and significant withdrawals from US Bitcoin exchange-traded funds.** The world’s largest cryptocurrency was trading around **$76,746, down almost 2% over 24 hours**, as investors continued assessing the consequences of the cyberattack and wider uncertainty across risk assets. **Ethereum traded near $2,250**, while Binance’s BNB token weakened towards $700. XRP remained relatively stable, although Solana experienced sharper losses as selling pressure extended across the digital asset market. Investor sentiment remained subdued following the **29 October attack on Binance, which resulted in approximately $6.3 billion in cryptocurrency being stolen**, making it the largest reported cryptocurrency theft on record. **The FBI has attributed the attack to North Korea’s TraderTraitor hacking group**, adding to concerns about the growing sophistication of state-linked cybercriminal operations targeting major digital asset platforms. Binance has since resumed customer withdrawals and says it has **replaced or covered approximately 95% of the stolen assets**, although investigators continue working to trace and recover funds. The reopening triggered substantial customer activity, with **approximately $4.65 billion withdrawn during the initial period**, compared with deposits of around $1.01 billion. The figures indicate considerable pressure on customer confidence, although withdrawals alone do not establish that the exchange is facing a liquidity crisis. Blockchain investigators believe billions of dollars in stolen cryptocurrency remain under the attackers’ control, distributed across hundreds of wallets. **The security incident has also been accompanied by significant leveraged trading losses**, adding further pressure to cryptocurrency prices. Around **$298 million in cryptocurrency positions were liquidated over a 12-hour period**, including approximately **$271 million in long positions**. Bitcoin accounted for roughly **$68 million of the liquidations**, while Ethereum represented more than $40 million. The concentration of losses among traders betting on rising prices suggests that attempts to position for a market recovery were disrupted by renewed selling. Forced liquidations can intensify short-term volatility as leveraged positions are automatically closed when prices move against traders. **Institutional investment flows have also weakened, with US spot Bitcoin exchange-traded funds recording approximately $643 million in net outflows on Friday.** The withdrawals represented their **largest daily outflow since June**, reversing several days of earlier investment inflows and adding to concerns about demand for cryptocurrency exposure. Ethereum has also struggled to regain momentum, remaining **more than 16% lower over the past month**, despite comparatively smaller movements during the latest trading session. **Security concerns have widened following reports of a separate breach at Brazilian cryptocurrency exchange Mercado Bitcoin.** The platform reportedly suspended deposits and withdrawals after **more than $40 million in digital assets was drained from wallets across multiple blockchains**. The additional incident has reinforced investor concerns about the security of cryptocurrency custody arrangements and the potential consequences of further exchange compromises. **Bitcoin’s immediate price direction is now attracting particular attention around the $76,000 to $77,000 region**, which traders are monitoring as a potential support area. A sustained move below this range could encourage further selling, particularly if additional leveraged positions are forced to close. Conversely, **a recovery towards $78,000 to $80,000** could indicate that selling pressure is easing, although these technical levels do not guarantee a change in market direction. **For investors, the combination of exchange security concerns, institutional fund withdrawals and leveraged liquidations has created a challenging environment for cryptocurrencies.** While Binance has committed substantial financial resources to protecting affected customers, the longer-term implications for exchange security, regulatory oversight and investor confidence remain uncertain. **Attention will now turn to Bitcoin’s ability to stabilise around $76,000, developments in the Binance investigation and the direction of institutional ETF flows**, as cryptocurrency markets seek to recover from one of the most significant security incidents in the industry’s history. --- **Original URL:** https://www.share-talk.com/bitcoin-falls-below-77000-amid-cryptocurrency-sell-off/ *Created by [WP Markdown Endpoint](https://wpmarkdownendpoint.com/)*