Bitcoin price traded above $77,000 on October 30, 2026, after dropping to $76,320 as markets assessed a $6.3 billion hack at Binance. Crypto traders faced $1.56 billion in liquidations over a rolling 24-hour period.

Key Takeaways

  • Long positions accounted for $1.31 billion of the reported crypto liquidations.
  • Binance said it would cover user losses with its SAFU fund and other company resources.

Bitcoin price steadies after losses

Bitcoin recovered above $77,000 on Friday after reaching a low of $76,320 against the dollar, TradingView data showed. The available price report did not specify an exact observation time.

The decline followed the Binance breach, although the timing alone does not establish how much of the price movement the incident caused. Binance described the attack as complex and said it had found more than one security breach. The exchange said it was still gathering facts.

Momentum indicators show mixed picture

Bitcoin’s relative strength index fell to 34.7 on Friday, its lowest reading since June 30 and near the level below 30 commonly considered oversold.

On a four-hour chart, the indicator formed a higher swing low while Bitcoin made a lower low. That divergence can suggest selling momentum is weakening, but it does not guarantee a rebound.

Tech shares also under pressure

US technology shares had also fallen following earnings reports. Intel shares were down 26% in Friday premarket trading; that figure was an indication before the regular session, not a closing price.

In its third-quarter results and outlook, Intel forecast fourth-quarter revenue of $15 billion to $16 billion, below the $17 billion to $18 billion analysts had projected. The forecast is guidance, not a completed result.

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