Bitcoin Rebounds Toward $79,000 After the Biggest Crypto Hack Ever

Bitcoin rose about 1% to roughly $78,600 on Monday morning in Asia, its third straight day of gains, as crypto markets steadied after Binance disclosed a $6.3 billion hack — the largest theft from a crypto exchange on record. The rebound came after Bitcoin dipped to about $77,600 late on Sunday and buyers pushed it back above $78,500 within hours.

The short answer

Bitcoin is recovering, not rallying. It climbed toward $79,000 on Monday, November 2, 2026, helped by a broader bounce in Asian stocks and U.S. stock futures, but it remains below the $80,000 level that traders now treat as the first hurdle. Ether rose to just above $2,300 and BNB to about $713, while Zcash led the major tokens, up about 3% to nearly $1,280.

What happened

Last week, Binance disclosed a $6.3 billion theft, a shock that knocked crypto prices lower and sent Bitcoin to a six-week low on Friday. Over the weekend, selling eased. By Monday morning in Asia, Bitcoin was up about 1% at roughly $78,600, according to CoinDesk, marking a third consecutive day of gains. A separate market live blog put Bitcoin at about $78,455, up 1.11% over 24 hours, while noting that large ETF outflows still cloud the recovery, according to The Hindu BusinessLine.

The move was broad but uneven across crypto. Ether and BNB each added nearly 2%, XRP and TRX rose about 1%, and Solana lagged, barely moving at about $95, CoinDesk reported. That pattern — the biggest, most liquid tokens rising first — is typical of a cautious return of risk appetite rather than a full-blown speculative rush.

Why it is blowing up

Three things are colliding. First, the sheer size of the Binance theft — $6.3 billion, the largest ever taken from a crypto exchange — made last week's selloff a headline story far beyond crypto circles, so any stabilisation is drawing outsized attention. Second, Bitcoin fell in step with a brutal week for technology stocks: the Nasdaq 100 tumbled 3.5% on Friday, its worst day since June, and the Philadelphia Semiconductor Index plunged 7%. Crypto and tech have been trading as cousins in the AI-spending selloff, so Monday's rebound in Asian equities and U.S. futures lifted both. Third, Tuesday's U.S. midterm elections are looming over every asset class, and crypto traders are watching whether the results change the outlook for U.S. crypto legislation such as the CLARITY Act.

Elsewhere on Monday, Brent crude fell about 3% to around $110 a barrel as diplomacy over Iran continued, and gold rose about 1% to roughly $3,910 an ounce after closing Friday at its lowest in more than a year — signs that the broader market mood was calmer, not euphoric.

Key facts

• Price: about $78,600 on Monday morning in Asia, up roughly 1%, a third straight daily gain (CoinDesk).
• Weekend low: about $77,600 late Sunday, recovered above $78,500 within hours (CoinDesk).
• The catalyst for last week's fall: Binance's disclosed $6.3 billion hack, the largest crypto exchange theft on record (CoinDesk; DailyForex).
• The level that matters: $80,000. Bitcoin remains below it after a six-week low on Friday, and DailyForex notes reclaiming it is the first requirement before talk of the old $87,293 breakout level.
• Peers: Zcash up about 3% to nearly $1,280; Ether just above $2,300; BNB about $713 (CoinDesk).

What is next

Jeff Mei, chief operating officer at crypto exchange BTSE, told CoinDesk that last week's Federal Reserve commentary could keep interest rates high and weigh on liquidity for Bitcoin and other cryptocurrencies over the next few months. He also said a small rebound in tech stocks could suggest a bottom is forming, while a Democratic majority in Congress after Tuesday's midterms could affect both the CLARITY Act and the Iran conflict, with knock-on effects for oil, inflation, stocks and crypto. Polls close on Tuesday night in the U.S., so the first results will land during Wednesday's Asian trading hours. None of that is a prediction — it is the calendar traders are watching. This article reports what happened and why markets reacted; it is not financial advice.

FAQ

How much did Bitcoin rise on Monday, November 2, 2026?

Bitcoin rose about 1% to roughly $78,600 in Monday morning Asian trading, its third consecutive day of gains, after dipping to about $77,600 late on Sunday.

Why did Bitcoin fall last week?

Binance disclosed a $6.3 billion hack — the largest theft from a crypto exchange on record — at the same time as a sharp selloff in U.S. technology stocks, and Bitcoin hit a six-week low on Friday.

Why does $80,000 matter for Bitcoin now?

Bitcoin is trading below $80,000, and analysts cited by DailyForex say reclaiming that level is the first step before the market can credibly look toward the previous $87,293 breakout threshold.

What could move Bitcoin this week?

Traders are watching whether U.S. tech stocks rebound after Friday's rout, Tuesday's U.S. midterm election results, and whether interest rates stay high, which BTSE's Jeff Mei says could weigh on crypto liquidity.

Sources: CoinDesk, DailyForex, The Hindu BusinessLine.