Bitcoin Recovers Some Losses to Trade Above $78,000 After Binance Breach

By Joseph Wilkins

Bitcoin reversed some of its heavy losses to trade back above $78,000 after the largest security breach in crypto history sent coin prices tumbling on Friday.

The bellwether cryptocurrency traded broadly flat at $78,233 on Monday after falling as low as $76,377 on Friday, marking a modest recovery. It remains firmly below the $80,000 threshold, however, after cyber thieves linked to a North Korean hacking group raided crypto exchange Binance and stole around $6.3 billion in assets.

The breach raises fresh concerns about whether investors can count on crypto exchanges to keep their assets safe.

Binance on Sunday began allowing customers to resume withdrawals from its exchange after blocking customers last week from withdrawing funds while its team conducted security checks. The exchange said it has now replaced roughly 95% of the stolen assets. The outstanding 5% "are less liquid in the market and take a longer time to source at the required scale," the company said.

Bitcoin edged higher in tandem with U.S. stock futures on Monday, which are looking to recover from a losing week that saw the tech-heavy Nasdaq suffer its worst losses since March 2025. Intel shares had their worst day on record, closing almost 30% lower after the memory-chip crunch and other hiccups weighed on PC sales.

Crypto traders are looking ahead to a busy week that includes the U.S. midterm elections, October U.S. jobs data and central bank rate decisions across Europe.

Ether also clawed back some losses on Monday, trading 0.4% higher at $2,281.44.

Write to Joseph Wilkins at joseph.wilkins@wsj.com

(END) Dow Jones Newswires

November 02, 2026 02:07 ET (07:07 GMT)