Bitcoin Falls Below $77,000 as BNB Drops 7.1% After Binance Hack

The significance here is less the breach itself than where the damage lands: BNB's sharper move suggests the market is pricing exchange-token and platform risk specifically, not just broad crypto beta. Binance's pledge to cover user losses shifts the immediate question from customer harm to the exchange's balance-sheet capacity and how credibly that commitment is received. What's worth watching is whether the BNB underperformance persists relative to bitcoin once the initial shock fades, which would signal that counterparty trust, not market direction, is driving the repricing.