Bitcoin is holding above US$77,000 as cryptocurrency markets stabilise after several volatile sessions driven by the Binance hack, heavy ETF outflows and weaker global risk appetite.
Bitcoin was trading around US$77,100 on Wednesday morning, down about 1% over 24 hours, while Ethereum changed hands near US$2,277.
XRP was around US$1.27, Solana near US$92.80 and BNB about US$696, while Dogecoin traded close to US$0.075.
The broader crypto market remains cautious, with Bitcoin dominance close to 60% and total market capitalisation around US$2.58 trillion.
One of the biggest shifts overnight came from Binance, where customer flows have started to improve after days of heavy withdrawals following the US$6.3 billion hack.
The exchange has now reported positive net inflows of around US$2.3 billion as withdrawals expand, suggesting some confidence is returning after the initial rush to move funds off the platform.
Binance also said its investigation traced the breach to compromised employee computers and stolen credentials, with attackers reportedly using fake job interviews and a compromised AI tool to gain access to internal systems.
Institutional demand is still presenting a headwind.
US spot Bitcoin ETFs recorded another net outflow on November 3, with Bitcoin funds losing about US$27 million and Ethereum funds around US$11 million.
That follows much heavier withdrawals earlier in the week, including US$399 million from Bitcoin ETFs on November 2.
BlackRock’s IBIT has been at the centre of the recent selling, recording its largest outflow since June.
Bitcoin has so far defended the US$76,000-US$77,000 region, which has become an important short-term support zone.
The market is now balancing improving exchange flows against weak ETF demand and uncertainty across global equities.
A sustained move back above US$80,000 would improve momentum, while a break below US$76,000 could trigger another round of selling across higher-risk altcoins.
