Business · Markets · 3 hrs ago
Bitcoin edges higher as investors watch US midterm results
Bitcoin rose 0.62% to 104.84 million won on the Bithumb exchange, while Ethereum, Solana and XRP also made small gains.
Investors were focused on the US midterm election results, which will determine which party controls both houses of Congress next year.
That balance of power could affect US spending, fiscal policy and rules for cryptocurrency.
Separately, Binance said North Korea-linked attackers used fake job interviews as the starting point for a months-long effort to infiltrate the exchange.
Binance said $6.3 billion in cryptocurrency was stolen, and its net outflows after the attack reached $5.3 billion.
The market’s fear-and-greed index stood at 26, a level classified as fear, while the election results remained a key factor for investors to watch.
Bitcoin rose 0.62% to 104.84 million won on Bithumb as of 8:10 a.m. on the 4th.
The US midterm election results were a focus for investors because changes in congressional control could affect fiscal policy, cryptocurrency regulation and government spending.
Ethereum, Solana and XRP also recorded small gains.
The cryptocurrency Fear and Greed Index stood at 26, in the “fear” range.
Binance said a $6.3 billion hack began with a fake job interview and involved attackers linked to North Korea.
- Who
- Bitcoin and other cryptocurrencies, with investors watching the US midterm results.
- What
- Bitcoin edged higher, and major altcoins also rose slightly.
- When
- Bitcoin prices were reported on the morning of the 4th; the US midterms were held on the 3rd local time.
- Where
- Bitcoin traded at 104.84 million won on South Korea’s Bithumb exchange.
- Why
- Investors are watching the election because changes in congressional control could affect US fiscal policy, cryptocurrency regulation and government spending.
This story does not have two clearly opposing sides.
Attackers linked to North Korea tried to infiltrate Binance, using a fake job interview as the starting point.
The US midterm elections were held.
Binance said at a media briefing that a $6.3 billion hack began with a fake job interview.
Bitcoin was up 0.62% at 104.84 million won on Bithumb.
- Bitcoin on Bithumb
- 104.84 million won, up 0.62% over 24 hours
- Bitcoin in US dollars
- $77,786 on CoinMarketCap
- Ethereum
- Up 0.26%
- Fear and Greed Index
- 26, “fear” range
- Binance hack
- $6.3 billion in cryptocurrency was taken
- Binance net outflows after hack
- $5.3 billion