Bitcoin Tests $78K After Binance Hack Selloff as NEAR Drops 6%

TL;DR

• Bitcoin recovered above $78,000 after falling to a six-week low near $76,100 following the Binance security incident, but a later CoinMarketCap reading put BTC back near $77,759.
• NEAR led notable altcoin losses with a 6.3% decline to $4.13, while HYPE, BCH and several other large- and mid-cap tokens also traded lower.
• The market remained relatively calm on Monday, leaving Bitcoin’s weekend rebound incomplete and the $78,000 area unconfirmed as technical support.

Bitcoin recovered toward $78,000 after falling to a six-week low near $76,100 on Friday, extending a weekend rebound from the selloff that followed the Binance security incident. The initial Monday snapshot placed BTC just above $78,000 after gaining more than $2,000 from Friday’s low. That recovery returned attention to Bitcoin market structure, but the move had not clearly re-established the level as support.

Bitcoin Stabilizes While Altcoin Weakness Persists

The rebound followed a volatile sequence that pushed Bitcoin from above $81,000 to roughly $76,400 within minutes of the Binance breach, before the asset later slipped to around $76,100. Weekend trading gradually repaired part of that decline. The initial snapshot put Bitcoin’s market capitalization near $1.57 trillion and dominance just below 60%. The move follows the earlier breakdown below $77,000 that accompanied heavy derivatives stress.

A later market reading showed Bitcoin near $77,759, illustrating that the $78,000 recovery remained fragile rather than decisively confirmed. The dashboard also placed total crypto market capitalization around $2.61 trillion. Because the market data is dynamic, that later figure should be treated separately from the earlier market snapshot rather than blended into a single price narrative. The broader backdrop also includes Binance’s ongoing asset-recovery efforts after the security incident.

Altcoins remained mixed during the Monday snapshot. NEAR led notable losses with a 6.3% decline to $4.13, while HYPE slipped around 1% and Bitcoin Cash fell more than 2%. TAO, ENA, AAVE, AVAX, PUMP and MORPHO also traded lower. Ethereum approached $2,300, BNB held above $710, XRP hovered around $1.25 support and TRX rose 1.7%. The uneven performance extends the recent pattern of NEAR and BCH leading broader altcoin weakness.

The market therefore showed partial Bitcoin stabilization without a broad-based altcoin recovery. BTC had erased part of Friday’s decline, but its ability to hold above $78,000 remained uncertain, while NEAR’s renewed weakness highlighted continued dispersion across large- and mid-cap assets. With the market entering a week containing major macro events, volatility could increase again. The immediate technical question is whether Bitcoin can turn the $78,000 area into support rather than merely revisit it. The broader market was relatively calm during the Monday morning snapshot, despite weakness across many large- and mid-cap tokens. That contrast left Bitcoin’s weekend recovery as a relative bright spot, but not enough to establish a decisive shift in market direction.