--- title: "Bitcoin recovers toward $79,000 as markets absorb crypto's largest hack" description: "CoinDesk also reported that ZEC led the major coins and that oil slid on a report that Trump wants to give Iran diplomacy more time, with U.S. midterm…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-bitcoin-claws-back-toward-79-a196c5706ca8d0" published: 2026-11-02T04:43:59.000Z updated: 2026-11-02T05:45:00.000Z indexable: true --- # Bitcoin recovers toward $79,000 as markets absorb crypto's largest hack CoinDesk also reported that ZEC led the major coins and that oil slid on a report that Trump wants to give Iran diplomacy more time, with U.S. midterm… Attributed sources: [CoinDesk]() ## Key facts CoinDesk also reported that ZEC led the major coins and that oil slid on a report that Trump wants to give Iran diplomacy more time, with U.S. midterm elections on Tuesday. Evidence strength: Single source, 1 publisher group(s) (CoinDesk). After site detection, observed returns were 5 minutes: +0.02% (Nov 2, 2026, 04:43 → Nov 2, 2026, 04:48, UTC; Gate · USDT); 1 hour: -0.07% (Nov 2, 2026, 04:43 → Nov 2, 2026, 05:43, UTC; Gate · USDT) In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.23% (OKX · USDT; cutoff Nov 2, 2026, 04:43, UTC). ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | +0.02% | +0.02% | 0.00 pts | Nov 2, 2026, 04:43 → Nov 2, 2026, 04:48 | Gate · USDT | | 1 hour | -0.07% | -0.07% | 0.00 pts | Nov 2, 2026, 04:43 → Nov 2, 2026, 05:43 | Gate · USDT | ## Historical hourly baseline | Metric | Value | | --- | --- | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.14% | | 99th percentile of absolute hourly returns | 1.23% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / Nov 2, 2026, 04:43 | ## Claims and open questions - CoinDesk reported that Bitcoin clawed back toward $79,000 as markets shook off crypto's biggest hack. - CoinDesk reported that ZEC led the majors. - CoinDesk reported that oil slid on a report that Trump wants to give Iran diplomacy more time, with U.S. midterm elections on Tuesday. - Which incident CoinDesk is describing as crypto's biggest hack, and how its size was measured, would be confirmed by the publisher's fuller reporting or the affected protocol's statement. - How much of the move back toward $79,000 was driven by the resolution of that hack versus other factors would require exchange or on-chain data. ## Source evidence - [Bitcoin claws back toward $79,000 as markets shake off crypto's biggest hack]() — CoinDesk; published Nov 2, 2026, 04:42; received Nov 2, 2026, 04:43 (UTC). ## Recent BTC events and market reactions - [Strangers send sub-dollar payments to Binance hacker wallets with messages]() — Published Nov 2, 2026, 05:18 (UTC) · Single source (1 publisher) · Security · 5m +0.13% / 1h -0.02% - [BTCPay urges users to shut down servers after reports of drained wallets]() — Published Nov 2, 2026, 04:41 (UTC) · Single source (1 publisher) · Security · 5m -0.06% / 1h -0.08% - [US spot bitcoin ETFs see $643 million outflow after Binance hack]() — Published Nov 1, 2026, 16:01 (UTC) · Multiple publishers (3 publishers) · Security · 5m +0.01% / 1h +0.16% - [Binance begins phased crypto withdrawals, starting with bitcoin, after $6.3 billion hack]() — Published Nov 1, 2026, 10:35 (UTC) · Single source (1 publisher) · Security · 5m -0.02% / 1h -0.16% - [Strive CEO says Binance hack hasn't changed his long-term Bitcoin case]() — Published Oct 31, 2026, 15:26 (UTC) · Single source (1 publisher) · Security · 5m +0.09% / 1h +0.13% / 24h +0.75% - [Full coin archive]() ## Research for this archive - [Crypto hacks and price impact: Bybit and Cetus case studies]() - [Why is crypto moving? How to check the evidence]() - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Will Bitcoin go back up? Every crash since 2011 and its recovery time]() Evidence levels describe source coverage, not the probability that a report is true. Price moves and their timing cannot establish a cause; minute samples show an observed interval and alert thresholds are heuristics. Explanations are model-assisted, with citations and figures checked. Source titles stay in their original language; full articles are not republished. [Methods and limitations]()