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Update: Analysts say the $6.3 billion Binance hack did not trigger a wider contagion in the crypto market, as the exchange pledged to cover all user losses.

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Cointelegraph · Crypto · · Source

Update: Analysts say the $6.3 billion Binance hack did not trigger a wider contagion in the crypto market, as the exchange pledged to cover all user losses.

Update: Analysts say the $6.3 billion Binance hack did not trigger a wider contagion in the crypto market, as the exchange pledged to cover all user losses.

Daily net outflows fell from $6.1 billion to $458 million, while bitcoin fell 5.7% in the five days following the attack.

Bitfinex analysts say the November 10 CPI report could help determine whether Bitcoin has bottomed out.

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