Bitcoin price: The $2.85B Binance hackers lost reveals why the UK needs stablecoin freeze rules
Last weekend, the Federal Bureau of Investigation claimed that North Korea was behind the $6.3 billion Binance hack, which market analysts are calling the biggest heist on record. Luckily, stablecoin issuers were quick to act, with Tether's first big freeze coming just 37 minutes following…
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In the latest Bitcoin price update, last weekend, the Federal Bureau of Investigation claimed that North Korea was behind the $6.3 billion Binance hack, which market analysts are calling the biggest heist on record, according to Cointelegraph. Luckily, stablecoin issuers were quick to act, with Tether's first big freeze coming just 37 minutes following the stolen funds touched the hackers' main wallet, and Circle following three minutes later, blocking the movement of USDC.
What happened: Bitcoin price
For instance, Circle is facing a proposed class action from Drift Protocol market participants who allege it failed to freeze roughly $230 million in stolen USDC after the April hack. Yet banks do not get to decide they want to freeze assets out of nowhere.
Why traders are watching Bitcoin price
Crypto markets trade around the clock and react quickly to regulation, ETF flows, liquidity conditions and broader risk sentiment. Moves in Bitcoin often set the tone for the rest of the digital-asset market.
Changes in interest-rate expectations and institutional flows have become major drivers of crypto prices, linking them more closely to traditional markets.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-09 13:37 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 74,724.01 | -1.67% | 76,095.32 | 73,510.00 |
| Ethereum (ETH) | 2,122.34 | -5.30% | 2,243.56 | 2,060.00 |
| Solana (SOL) | 86.53 | -3.38% | 90.01 | 85.02 |
On the currency side, the latest ECB daily reference rates (2026-11-06) show EUR/USD 1.1165, GBP/USD 1.3385, AUD/USD 0.6871, NZD/USD 0.5544, USD/JPY 158.33, USD/CHF 0.8189, USD/CAD 1.4066, USD/CNY 6.6713. These are reference fixes, not live quotes.
What to watch next for Bitcoin price
Watch for ETF flow data, regulatory news, large on-chain movements and shifts in overall risk appetite in stock markets.
Follow every update in our Top 10 Crypto News Today, read BTC price targets $73K alongside Nvidia turbulence: Three things to know in Bitcoin this week or see all of today's top market news.
FAQ
What is the latest Bitcoin price news?
Last weekend, the Federal Bureau of Investigation claimed that North Korea was behind the $6.3 billion Binance hack, which market analysts are calling the biggest heist on record.
What moves the price of Bitcoin?
Bitcoin reacts to institutional and ETF demand, regulation, liquidity and interest-rate expectations, as well as general risk sentiment in financial markets.
Where does this information come from?
This report is based on coverage from Cointelegraph, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
