- Rumors of possible Binance hack as users report unauthoriused selling of their altcoins.
- Awaiting official announcement on the situation from Binance themselves.
There are rumors suggested that cryptocurrency exchange Binance have been hacked. They have stated that withdrawals have been halted, as they investigate "unauthorized market sells." Bitcoin has been fall on these touted rumors, down over 10% on the day, breaking $10,000 again to the downside.
Some reports are suggesting that Binance has begun to sell users altcoins at market rate and this comes without any of their consent. Much of the users have taken to forum Reddit to express their concerns and worries. Elsewhere, talk that it isn’t a hack but more of a malfunction that is affecting just some of their users.
Awaiting an official announcement from Binance across the news wires. BTC/USD is still seen to have much weight on its shoulders, seen down over 10% on Wednesday. The psychological $10,000 level has again been compromised.
BTC/USD daily chart
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks

Bitcoin and altcoins are hit by biggest crypto hack in history
Bitcoin holds steady above $95,000, while crypto market capitalization excluding BTC decreases to $1.18 trillion on Monday. Analysts note that institutional interest in Bitcoin is likely overestimated through inflow data since it includes nearly 56% of BTC tied to arbitrage strategies.

Bitcoin Price Forecast: BTC standoff continues
Bitcoin has been consolidating between $94,000 and $100,000 since early February. Amid this consolidation, investor sentiment remains indecisive, with US spot ETFs recording a $540 million net outflow last week, signaling institutional demand weakness.

Solana drops below $160, liquidating $26 million in leverage as negative funding rate weighs in
Solana price extends its decline and trades around $160 on Monday after falling over 11% last week. The recent correction in SOL has triggered a wave of over $26 million in liquidations in the last 24 hours and $110 million last week.

Dogecoin Price Forecast: DOGE bears remain strong despite Elon Musk’s endorsement
Dogecoin extends its decline, trading around $0.23 on Monday after falling 8.55% last week. Coinglass’ long-to-short ratio for DOGE reads below one, indicating more traders are betting for a correction while the technical outlook projects a pullback toward the $0.20 level.

Bitcoin: BTC demand and liquidity conditions remain weak
Bitcoin price has been consolidating between $94,000 and $100,000 since early February, hovering around $98,000 at the time of writing on Friday. Despite this consolidation, US Bitcoin spot ETFs data recorded a total net outflow of $489.60 million until Thursday, hinting signs of weakness among institutional investors.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.