Bitcoin dropped below $77,000 on Friday, marking its lowest level in over a month after Binance Holdings, the world’s largest crypto exchange, disclosed a hack. The original cryptocurrency saw a decline of as much as 3.1% during early Asia trading, following a 3% drop in the US session the day before. By 11 a.m. in Singapore, Bitcoin was trading around $77,300.
The breach at Binance also triggered a selloff in other major tokens, including Ether, Solana, and XRP. Meanwhile, Binance’s native token, BNB, experienced a volatile session, rising as much as 3.4% after a sharp 7.6% fall on Thursday.