Bitcoin and Ethereum Price Outlook After History’s Biggest Crypto Hacks

Bitcoin and Ethereum price movements remain under pressure following a series of major security incidents across the cryptocurrency industry. 

As of October 31, 2026, BTC price currently trades below $78k and Ethereum trades around $2,243. The crypto market has dropped 0.59% in the last 24 hours to $2.59 trillion. The recent market weakness comes on the heels of Binance’s $6.3 billion security hack.

History’s Biggest Crypto Hacks That Shook the Cryptocurrency Industry

The cryptocurrency sector has seen many devastating security breaches over the last decade. These occurrences have led to billions worth of digital assets being stolen and a loss of trust in centralized platforms.

One of the biggest crypto heists was the Bybit hack in February 2025. The attackers were able to steal about $1.5 billion in Ethereum, and investigators have pointed to North Korean hackers as the culprits behind the attack.

Notable hacks that also happened include a $611 million asset theft from Poly Network in 2021. The March 2022 Ronin Network hack was another one that resulted in losses of roughly $624 million among the users.

Coincheck suffered a $534 million security breach in January 2018. In comparison, the Mt. Gox incident had about $470 million of stolen bitcoins. Such occurrences highlight the potential for ongoing uncertainty in the cryptocurrency market due to security lapses.

Binance Hack Raises Fresh Concerns Across Crypto Markets

The recent Binance security breach has raised concerns regarding the security of exchanges and the protection of assets. The $6.3 billion hack has made headlines as perpetrators try to transfer the stolen cash.

A number of cryptocurrency projects have reacted and frozen or recovered affected tokens. These interventions show how vital blockchain monitoring and collaborative security efforts are.

Spot Bitcoin ETFs See $643M in Net Outflows, Ethereum ETFs Lose $156M

This has been compounded by flows from institutional investors. Data from SoSoValue indicates that on October 30, the total net outflows in the US spot Bitcoin ETFs amounted to $643 million.

IBIT was the biggest single day withdrawal, with $234 million going from BlackRock. In addition, spot Ethereum ETFs saw $156 million in spot outflows.

Withdrawals were seen for the fifth day in a row for Ethereum products. BlackRock’s ETHA experienced the largest outflows at $76.64 million.

The withdrawals indicate reduced institutional buying interest at a time of increased market turmoil.

Bitcoin and Ethereum Price Outlook: Recovery or More Downfall?

BTC price is trading at $77,247 and the MACD indicates that it is still in bearish trend. The MACD line stands at -1,148.98 against a signal line of -580.12. Its negative histogram of -568.86 shows that it is under continuous selling pressure.

The current support of Bitcoin is  at $76,300 and then $75,900. The next recovery barrier is at a resistance of $78k and the other is at $80K. Any breakdown below support may reveal lower price levels.

Ether trades at an average of $2,243, with a 4-hour chart RSI of about 37. This reading puts ETH close to the oversold territory, but additional drops could happen. 

Ethereum’s immediate support stands at $2,208, followed by $2,156. Resistance sits at $2,300 and $2,400. An ETH long-term prediction recovery above the resistance would enhance its short-term prospects.