Bitcoin falls below $79,000 as Binance investigates potential $2.8 billion hack linked to Tornado Cash

Bitcoin dropped to $78,297 on Oct. 29 after Binance reported large transfers from its wallets, later linked to a hack involving over $2.8 billion across five blockchains. Tether and Circle froze $1.57 billion and $823 million respectively. Over $1 billion in crypto liquidations hit the market in 24 hours, with Bitcoin and Ethereum long positions bearing the brunt.