The attack on Binance hit the bitcoin rate. The cryptocurrency is the cheapest in over a month.

Bitcoin's price fell below $77,000 for the first time in over a month due to a major hack at Binance, resulting in a $6.3 billion theft. The cryptocurrency dropped 3.1% in early Asian trading, adding to a 3% decline from the previous US session. Other tokens like ether, solana, and XRP also saw price drops, while Binance's token, BNB, increased by 3.4%. The market was already under pressure from macroeconomic factors and concerns over AI spending. Despite a recent surge of 25% in Bitcoin's value, uncertainty remains high, especially with an upcoming $11 billion options expiration. Analysts predict Bitcoin could stabilize between $80,000 and $90,000 in the fourth quarter, with potential for significant capital inflows.