Bitcoin slips below $77,000 after Binance breach rattles crypto

Bitcoin fell below $77,000 for the first time in more than a month after news of a major security breach at Binance unsettled an already weakening crypto market. Binance, the world’s largest crypto exchange, said about $6.3 billion in digital assets was affected when attackers accessed wallets connected to the internet and used to process withdrawals. The company says it has frozen roughly $3 billion with partners and will absorb the losses, so customer balances will not bear the cost. Still, the episode shows why a breach at a major exchange can hit prices far beyond the stolen assets: investors quickly reassess both the security of their holdings and the ability to trade or withdraw during a crisis.