CatalystCrypto
Bitcoin and ether are nursing losses after a record $6.3B Binance heist, and the dollar is flat into the US midterms with the euro near a 17-month low. Standard Chartered's Eric Robertsen says a Democ
Bitcoin falls after crypto heist while dollar holds ahead of US midterms.
Context
What happened: The dollar held steady ahead of US midterm elections, October jobs data and central bank rate decisions in the UK, Australia, Norway and Sweden. Bitcoin and ether recovered slightly after last week's $6.3 billion Binance heist.
Key numbers: Euro near a 17-month low at $1.1159; sterling $1.3387; dollar index
Why it matters: Fitch's negative revision of France's outlook weighed on the euro. Hedge funds suffered significant October losses, leaving little capacity to absorb midterm surprises, and the Binance breach raised doubts about employee-level security in digital finance.
What changed
The dollar held steady ahead of US midterm elections, October jobs data and central bank rate decisions in the UK, Australia, Norway and Sweden. Bitcoin and ether recovered slightly after last week's $6.3 billion Binance heist.
Why it matters
Fitch's negative revision of France's outlook weighed on the euro. Hedge funds suffered significant October losses, leaving little capacity to absorb midterm surprises, and the Binance breach raised doubts about employee-level security in digital finance.