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Bitcoin fell under $79,000 after attackers drained billions from Binance, briefly touching $76,300 last week, and now sits near $78,100. The hack is still the main reason buyers are holding back, so any fresh detail about it can move the price.

Binance confirmed the largest crypto theft ever and set aside about $6.34 billion to repay users in full. That promise is the main thing keeping this from turning into a run on the exchange and a deeper Bitcoin sell-off.

After withdrawals reopened, users pulled $3.64 billion, which Binance says is about 2.1% of its $171 billion in assets, and the pace has slowed. If outflows keep easing, fears of a broader collapse should fade and selling pressure on Bitcoin should lighten.
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