Following the record $6.3 billion Binance hack, Bitcoin traded down about 4% to $77,065 on Friday afternoon, outperforming the average 8.3% drop seen in the first 24 hours after past crypto exchange exploits, according to Anchorage Digital. Analysts attribute this resilience to investors recognizing that the attack was a centralized exchange security breach, not a failure of the Bitcoin network itself. Binance has frozen approximately $3 billion in stolen funds and has a $1.2 billion Secure Asset Fund for Users (SAFU) to cover losses, with investment bank Compass Point believing the exchange has sufficient liquidity to remain solvent. However, the cryptocurrency also faces pressure from a broader sell-off in technology stocks, trading in lockstep with other risk assets.