Week in review: $6.3B Binance hack, Fed holds rates, bitcoin falls below $77,000 - ForkLog

FBI links $6.3B Binance hack to North Korea; Fed holds rates; bitcoin falls below $77,000. FBI linked the $6.3 billion Binance hack to North Korean hackers, the Federal Reserve kept rates at 3.75%–4%, bitcoin fell below $77,000, and other highlights from the week. Early in the week, the first cryptocurrency fell below $80,000, triggering a wave of stop-loss orders. 10x Research linked the drop to low weekend trading volumes and suggested the breakdown could be false. CryptoQuant analyst Axel Adler noted compressed volatility: the 30-day price range narrowed from 13% to 6%. On October 27, the price fell to $79,500, but the next day recovered to $81,000. The rebound came amid high oil prices and anticipation of the Fed decision.