As expected crypto markets have pulled back a little as the news of the Binance hack reverberates around the globe this morning. Unlike in previous times, however, there has been no major dump and crypto market capitalization is still around its highest level for several months.
Bitcoin took a bit of a hit when the news broke that Binance had lost 7000 BTC to hackers. After spending much of the past day over $5,900 it dropped back 2.7 percent to $5,790 before starting an immediate recovery. At the time of writing BTC was trading at $5,880 less than a percent down on the day.