Bitcoin Holds Above $76,000 After $6.3B Binance Hack as Metrics Signal Rebound

Bitcoin managed to stay above the $76,000 mark even after a massive $6.3 billion hack on Binance, one of the world's largest cryptocurrency exchanges, and a broader sell-off in technology stocks. The resilience came as key momentum indicators began to suggest a potential rebound, with $1.6 billion in liquidations clearing out overleveraged positions. The crypto market has been under pressure from macroeconomic headwinds, but the ability to hold this level is seen by analysts as a sign of underlying strength. The hack, which targeted Binance's hot wallet, briefly shook confidence, yet the quick containment and the exchange's promise to cover losses helped stabilize sentiment. Meanwhile, the tech-stock decline, driven by concerns over AI valuations and interest rates, had spilled over into digital assets earlier in the week. Now, with on-chain metrics like the relative strength index and moving averages turning neutral to positive, traders are watching for a decisive move above resistance. For investors, the key question is whether this support level can hold through the next wave of regulatory and macroeconomic news. If it does, Bitcoin could be poised for a swift recovery toward the $80,000 range.