Crypto Weekly: Binance Hack Deepens Crypto Rout as Market Cap Falls to $2.7T
AI summary
A Binance hack deepened an October crypto sell-off that cut total market capitalization from $3 trillion to $2.7 trillion, a 10% monthly decline. Bitcoin fell 3.3% in the final week, extending year-to-date losses to 11%, while ethereum dropped more than 15% over 30 days. Traders will watch whether the exchange breach triggers further outflows and whether BTC can hold support after a weak month.
