Although all eyes are on the Federal Reserve’s FOMC meeting on Wednesday and a few other major macroeconomic events, none of them were the times of the week.
But first, let’s see how the week actually went, based on our previous market update from last Friday. At the time, BTC was fighting to stay above key $80,000 support after being rejected at $85,000, and investors were preparing for the FOMC meeting. Somewhat surprisingly, BTC fell to a five-week low on Saturday at $79,100 before rebounding to $2,000 on Sunday.
However, it couldn’t really hold its position above $80,000 and fell several times on Tuesday. The bulls saw a slight advance ahead of the FOMC meeting, pushing the asset to $81,700. It fell before the meeting and jumped again to $81,800 after the central bank suspended interest rate hikes as expected.
Another rejection followed and BTC fell to $80,500 on Thursday. The real impact came a day later, early Friday morning, when reports emerged that the world’s largest crypto exchange had fallen victim to a major hack. The company later confirmed the news, while on-chain data showed that losses amounted to around $6.3 billion, although several entities, including Tether, froze around $3 billion.
It has become by far the biggest hack in the crypto industry. Naturally, bitcoin and almost all alts fell, with the leading crypto asset falling to a six-week low of $76,400 before rebounding by a big one. BNB fell below $700, while SOL fell more than 7%. Liquidations soared to $1.5 billion, while the number of missing traders jumped to more than 235,000 on a daily scale.
Market data
Market capitalization: $2.69 trillion | 24H Theft: $152 billion | BTC dominance: 57.8%
BTC: $77,380 (-5.1%) | ETH: $2,225 (-7.4%) | XRP: $1.25 (-4.5%)
This week’s crypto headlines not to be missed
Ripple clears final OCC hurdle for National Trust Bank. Ripple has had a huge week, and perhaps the OCC approval stands out at the top. The company’s CEO, Brad Garlinghouse, announced that the Office of the Comptroller of the Currency has given the final green light for the creation of Ripple National Trust Bank.
Your Trezor Could Be Compromised: Company Issues Urgent Warning to Customers. A leading hardware wallet manufacturer has warned customers who purchased some of its devices from CryptoBilis from March 2026 to transfer their funds to a newly created wallet with a new seed as soon as possible.
Polymarket trading disrupted after users reported $2.6 million losses. Hours before the massive Binance hack, Polymarket admitted that bad actors had embezzled more than $2.6 million from user accounts. The platform went into cancel-only mode for a period of time, and Polymarket said it was an external vendor that was compromised, not its internal infrastructure.
Bitcoin Sees Largest FX Outflow in Five Weeks Ahead of Fed Decision. Just a day before the key FOMC meeting, on-chain data showed that Bitcoin investors withdrew nearly 15,000 units from exchanges. The company said it was the largest daily net outflow in five weeks.
Strive Makes Largest Bitcoin Purchase Ever with Purchase of 6,182 BTC. The Matt Cole-led company announced its largest Bitcoin purchase to date, accumulating 6,182 units for over $510 million. Meanwhile, the largest cryptocurrency holding company has remained on the sidelines.
HYPE Price Rises 15% Following NYSE Plan to Introduce Hyperliquid Perps to US. Although most altcoins are deep in the red this week, the chart above shows that HYPE has clearly defied this trend. The asset exploded 15% yesterday after ICE agreed to operate Trade(XYZ)’s hyperliquid perpetual futures contracts in the United States.
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This week we have chart analysis of Ethereum, Ripple, Cardano, Binance Coin and Hyperliquid – click here for the full price analysis.
The article Binance Hacked for $6.3 Billion, Fed Holds Rates, Bitcoin Falls to 6-Week Low: Weekly Cryptocurrency Roundup appeared first on CryptoPotato.
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