Bitcoin Should Be Plunging Much Harder: So Why Is BTC Still Above $77K?

Bitcoin traded between $77,000 and $78,000 after falling to $76,100 during a $6.3 billion hack against Binance, then rebounding by almost $2,000. It closed October down more than 7% as global markets sold off: the Nasdaq Composite fell almost 3% on Friday, its steepest drop since June, and China’s CSI 300 lost 8.5% in October, its worst month in over a decade. The Federal Reserve left rates unchanged; third-quarter US GDP growth of 3.4% and September PCE inflation of 3.6% came as markets priced roughly an 80% probability of a 25-basis-point December hike. President Donald Trump spoke with Israeli Prime Minister Benjamin Netanyahu about resuming bombing Iran as soon as next week.