Global digital asset prices experienced a significant decline after Binance, the leading cryptocurrency exchange, reported a security incident involving an estimated $6.3 billion in assets. Following the disclosure, Bitcoin fell below the $77,000 threshold, while Ether and BNB also saw notable losses. Market data indicated that over $1.5 billion in leveraged positions were liquidated within a 24-hour period as investors reacted to the news. Although prices showed minor signs of recovery during Friday morning trading, the overall market remained under pressure. Analysts noted that the exploit triggered widespread selling activity, with BNB experiencing particularly high levels of volatility due to its direct association with the affected platform. CoinGecko and CoinGlass data highlighted the scale of the market reaction as traders adjusted their positions in response to the security concerns.
Source : The National
Photo : The National
Aussi couvert par : Livemint
