NewsSignals AI analysis·Cointelegraph·Oct 31, 2026

Bitcoin held up better than expected after Binance hack, Strive CEO says

Grade Sbullish AI signal$BTC

Bitcoin has proven more resilient than expected following the record $6.3 billion Binance hack, according to Strive CEO Matt Cole, who maintains that the breach does not undermine Bitcoin's long-term investment thesis. BTC traded near $77,400, approximately 4% below its pre-attack price, while previous exchange exploits produced an average first-24-hour Bitcoin decline of 8.3%, according to cited data. Bitcoin's relative resilience could strengthen confidence in its network security and long-term investment outlook, although further downside remains possible as the market searches for a bottom.

Bullish strength: 72/100

Bitcoin's approximately 4% decline was smaller than the historical average 8.3% decline following exchange exploits.
Strive CEO Matt Cole maintains that the Binance breach does not change Bitcoin's long-term investment thesis.
The attack targeted Binance's systems rather than compromising Bitcoin's underlying network.

Bearish strength: 28/100

Bitcoin traded approximately 4% below its pre-attack price.
The $6.3 billion Binance breach has intensified concerns about cryptocurrency exchange security.
Strive CEO Matt Cole said it remains too early to determine whether Bitcoin has reached a price bottom.
Broader market weakness continues to weigh on Bitcoin.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

Read the original source ↗

← Browse more news analysis

Trade on MEXC

More recent source-attributed AI analysis in crypto.

Jordi Visser Says One Overlooked Event Could Help Bitcoin Break Out Of Its Slump

Wall Street veteran Jordi Visser says the U.S. Treasury's November 4 refinancing announcement could become a catalyst for Bitcoin by easing pressure from elevated long-term interest rates. The announcement will determine government borrowing amounts and maturities, with Visser suggesting Treasury could shift issuance toward shorter-term debt while Citi strategists reportedly expect $3 billion reductions in both 20-year and 30-year bond auctions. A reduction in long-term borrowing pressure could ease real-yield headwinds and support a Bitcoin recovery, although Visser expects a possible retest of $73,000-$74,000 first.

Binance restores 90% of stolen crypto assets

Binance says it has replenished 90% of cryptocurrency assets stolen in this week's $6.3 billion security incident, with the exchange targeting a resumption of withdrawals by Sunday. The remaining 10% involves less liquid tokens, while Binance says it will use its own funds and SAFU to cover affected assets without passing the losses to users. The recovery could ease concerns about customer fund losses and restore confidence in Binance, although the unresolved recovery and withdrawal restrictions could maintain short-term market uncertainty.

Binance replenishes 90% of assets stolen in security incident

Binance says it has replenished 90% of the $6.3 billion stolen in its record security breach, using company funds and a partial deployment of its SAFU reserve. The exchange has allocated approximately $6.34 billion to cover losses, while the remaining 10% involves less-liquid tokens that may take longer to source; withdrawals are expected to resume November 1. The recovery progress and planned restoration of withdrawals could help rebuild confidence in Binance and reduce uncertainty surrounding affected crypto assets.

Binance says it has replaced 90% of stolen crypto after massive $6.3 billion breach

Binance says it has replenished 90% of the $6.3 billion in cryptocurrency stolen during its massive security breach, with customer withdrawals expected to resume on November 1. The exchange says BTC, ETH, BNB, SOL, XRP and other major customer holdings are fully backed, while the remaining 10% consists of less liquid tokens; Binance also committed to restoring its SAFU protection fund to approximately $1 billion. The recovery could help restore confidence in Binance and stabilize affected crypto markets, although the ongoing security investigation and outstanding asset replenishment remain significant risks.