Whoa this past week had everyone fixated on the US midterms that dropped on Tuesday and the financial markets are still reeling from all that wild volatility rn. 🖤 The biggest hack in USD terms hit Binance hard last Friday with reports of around 6.3 billion in losses sending Bitcoin and nearly every altcoin into sharp drops with the leader crashing straight to 76,000.
Binance Drama And Election Chaos Unfold 🌑
It bounced back a few thousand over the weekend tho thanks to promises covering all user funds. The crypto scene used that time to claw back some ground even testing 79,000 resistance on Monday only to get rejected right before Tuesday’s real storm. Bitcoin sat at 78,000 when election results started rolling in and once Democrats swept key areas BTC tanked alongside Wall Street futures plunging to 75,600 for the first time in seven weeks. 💀 Once the uncertainty cleared up everything surged north with Bitcoin rocketing to 81,000 fast.
Market Vibes Snapshot 🕸️
Market Cap 2.640T 24H Vol 106B BTC Dominance 57.2 Percent. BTC 75,550 down 3 Percent ETH 2,210 down 0.4 Percent XRP 1.19 down 5.9 Percent. Then Thursday brought another massive crash moving in sync with Wall Street and dumping Bitcoin to 75,000 before the jobs report smashed expectations pushing it to 74,800. It has clawed back nearly a grand since but still sits 3 Percent down weekly. 🔮
Hot Crypto Headlines This Week 🦇
Binance gained 3.4 billion in tracked assets days after the hack hinting at users rushing back while North Korea denied any involvement. Strategy added 810 BTC in its biggest buy recently alongside repurchasing 208 million worth of STRC. The CLARITY Act might face up to a 2 year delay after those midterm results and Democrats are eyeing a new crypto market structure bill for more SEC oversight.
More Wild Exploits And Tokenization Drama 🌙
Mercado Bitcoin suffered a 38 million breach yet vowed to cover all user losses just like the others. Over 60 companies including Apple and Boeing pushed back on OKX and ICE tokenization plans citing share price risks and liquidity woes. Even more painful drops hit XRP TRX NEAR HYPE XLM and BCH this week while ZEC held strong against the tide. 🩸
Price Charts Breakdown 🐦⬛
Check out fresh analysis on Ethereum Ripple Cardano Binance Coin and Hyperliquid for all the details.
Just another echo from the void by iconofsin.eth 💖
