Bitcoin holds near $78K as Binance withdrawals resume after hack
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Bitcoin held near $78,000 on Monday as Binance resumed withdrawals following a hack, with customers moving billions of dollars off the exchange. BTC recovered from Friday's lows, with the next key resistance level near $78,900. The outflows signal continued customer concern about exchange security despite Binance's restoration of services. Traders are watching whether Bitcoin can hold support above $78,000 and break through the $78,900 level, while monitoring the pace of Binance outflows for signs of sustained confidence erosion.
Muhabbit's AI wrote this summary in its own words from AMBCrypto's report. It can get details wrong, so check the source.
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Binance, Bitcoin (BTC)
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