Fitch Ratings said Bitcoin fell about 6% in the 10 hours after initial reports of a Binance hack, according to an Odaily brief citing Bitcoin.com News. Fitch attributed the comparatively limited decline to a deeper, more diversified trading market—not an absence of cybersecurity risk.
The Odaily report was published on November 10, 2026, at 04:52:15 UTC+8. The account below reflects that report; the supplied material does not independently verify the alleged theft or its scale.
What the report claims
According to the report, the incident involved approximately $6.3 billion in digital assets stolen across multiple blockchains, including about 18,270 bitcoin, valued at roughly $1.5 billion at the time.
Fitch compared Bitcoin’s reported 6% decline with earlier market shocks:
- A 35% single-day fall during the early COVID-19 turmoil in 2020.
- A 14% decline following FTX’s collapse in 2022.
- A 21% decline following the Bitstamp hack in 2015.
Over the same period as the reported Binance incident, Bitcoin’s daily trading volume rose 67% to $40.9 billion, the brief said. These comparisons concern different events and do not all specify matching measurement windows.
Resilience is the interpretation, not a clean bill of health
Fitch said deeper and more diverse trading venues had reduced dependence on any single exchange, helping sustain liquidity when an individual platform was disrupted.
Binance co-founder and former CEO CZ called for industry solidarity and said the crypto market’s interconnected structure helped prevent systemic collapse. That is an attributed assessment from a figure associated with the affected exchange, rather than independent confirmation of the incident’s consequences.
Fitch also emphasized that cybersecurity vulnerabilities and operational interruptions remain significant risks. A smaller reported price decline does not, by itself, establish that those risks have diminished.
Original article: Odaily, citing Bitcoin.com News.