LIVE – Bitcoin Price Crashes as Iran Strike and Crypto Hack Spree Shake Markets

Dextape brief

By Dextape Desk · November 3, 2026

Bitcoin slid after reports of American strikes on Qeshm Island, which sits beside the Strait of Hormuz, with Brent crude near 105 dollars a barrel. US officials called the strikes defensive, and talks continue without a breakthrough. Separately, Binance disclosed a breach touching 6.3 billion dollars in digital assets, prompting heavy withdrawals; the exchange said it would absorb losses. Mercado Bitcoin, Polymarket and crypto infrastructure providers also reported incidents, while attacks targeted older BTCPay Server installations and a WordPress payment plugin. The article notes a diplomatic deal could ease oil pressure, while another escalation could revive inflation worries. Bitcoin also must show the security problems have not triggered a deeper capital exodus from the industry.

Why it matters: Geopolitical strain and a run of security breaches at exchanges and service providers are weighing on confidence at a time the sector needs new capital.

Mentioned: Bitcoin, Binance

Summary by Dextape, based on reporting by Cryptonews. Written with AI from the publisher’s text and checked automatically for copied wording and unsupported figures. Not investment advice.