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Crypto Weekly: Binance Hack Deepens Crypto Rout as Market Cap Falls to $2.7T
The cryptocurrency market ended October down 10%, with its total capitalization falling from $3 trillion to $2.7 trillion amid widespread losses. Bitcoin declined 3.3% in the final week, extending its year-to-date losses to 11%, while ethereum fell more than 15% over 30 days.
Why it matters
Loss events reprice related tokens and counterparties first. Confirm what was taken, what was recovered, and whether a chain or a custodian is in scope.
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Dextape context
Built from Dextape’s own wire, stories and glossary.
Terms in this story
- Market cap
- Price multiplied by circulating supply, from the market-data provider.