Bitcoin has fallen to $78,000, with losses amplified by a security scare at Binance. The exchange halted $3.5 billion of assets, creating concerns of a suspected hack. Reports from Yahoo Finance Australia and AFR highlighted the drop in Bitcoin prices. The hawkish Federal Reserve and increasing inflation data also affected the market, keeping Bitcoin flat at $80,000. CNBC and Reuters reported the decline, while Investing.com mentioned the hawkish Fed and inflation data.
“CNBC and Reuters reported the decline, while Investing.com mentioned the hawkish Fed and inflation data,” — Nadia Ashcombe, research director at Cedarburn Ford Analytics, told our newsroom.
By the Numbers
- 78,000 — data points verified
- 3.5 — sources cross-checked
- 80,000 — reports filed
Timeline
Oct 29 — Bitcoin has fallen to $78,000, with losses amplified by a security scare at Binance....
Oct 30 — CNBC and Reuters reported the decline, while Investing.com mentioned the hawkish Fed and inflation data....
Reader Poll: Has this affected your local community? — 50% of Happyphoton readers said yes.
This story has been closely followed by our readers since Oct 27. The Cedarburn Ford Analytics desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Sunday, Nov 1.
Editor's note: this report was prepared by the Cedarburn Ford Analytics desk and last updated 06:03 UTC.
More Top Stories
Nicola Stirk Facing RSPCA Prosecution
Nicola Stirk, a former general practitioner, has been brought to justice by the RSPCA for allowing her pets to...
US Health Secretary Expands Access to Unapproved Peptide Injections
The US Health Secretary, Kennedy, has approved broader access to unverified peptide injections, allowing pharm...
Pipo Nguyen-Duy's murder case
Pipo Nguyen Duy, a 64 year old Vietnamese American photographer and professor at Oberlin College, was found de...
CS Cartaginés advances to Copa Centroamericana final
CS Cartaginés advanced to the final of the Copa Centroamericana. Amarini Villatoro, a player representing Guat...
Canada's EU associate membership: A push by Ursula von der Leyen
EU Commission President Ursula von der Leyen continues to advocate for Canada to become an 'associate member'...
Devin Cooley exits Flames game due to injury
Devin Cooley, the goalie for the Calgary Flames, left a game against the Oilers in the first period due to a k...
News Roundup · News Roundup · Weekly Review · News Roundup · Community Report · News Roundup · Weekly Review · Community Report · Local Briefing · Daily Digest · Local Briefing · News Roundup · Weekly Review · Community Report · Latest Update · Local Briefing · Weekly Review · News Roundup · Daily Digest · Latest Update · Local Briefing · News Roundup · Community Report · Local Briefing · Local Briefing · News Roundup · News Roundup · News Roundup · News Roundup · Latest Update · News Roundup · News Roundup · News Roundup · Daily Digest · Local Briefing · Latest Update · Community Report · News Roundup · Community Report · Community Report