Home Crypto Market Overview: Prices recover following Binance hack
Crypto News

Crypto Market Overview: Prices recover following Binance hack

  • Top three coins held their grounds.
  • Binance Coin and Cosmos turned out to be the biggest losers of the day.

As covered by FX Street, the largest cryptocurrency exchange in the industry, Binance, suffered a devastating hack attack where 7,000 Bitcoins were lost. Following this news, it was widely expected that the price of cryptos was going to go on a downward spiral. However, it looks like the bulls of multiple projects held their ground to stop any devastating price actions.

Top three projects

  • BTC/USD bulls held their ground and managed to take the price up from $5,750 to $5,895 this Wednesday. As of now, they are still flirting with the $6,000-level.
  • ETH/USD bulls also took its price up from $169.75 to $171.50. This followed a bearish Tuesday when the price went from $174.60 to $169.75.
  • XRP/USD bulls managed to keep the price in the $0.30 level as it went up from $0.2995 to $0.3022.

Biggest winners and losers among the top 20

  • Bitcoin SV (BSV) went up by 6.46% and is currently trading for $56.86.
  • Binance Coin (BNB) understandably went down from 5% and is trading for $20.63.
  • Cosmos (ATOM) went down by 7.70% and is trading for $4.36.

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.