--- title: "Dollar Steady, Bitcoin Recovers Slightly After Binance Hack" publication: "MediaBias News" url: "https://mediabias.news/business/dollar-steady-bitcoin-recovers-slightly-after-binance-hack" api: "https://mediabias.news/api/v1/stories/dollar-steady-bitcoin-recovers-slightly-after-binance-hack" markdown: "https://mediabias.news/business/dollar-steady-bitcoin-recovers-slightly-after-binance-hack.md" audio: "https://mediabias.news/api/audio/dollar-steady-bitcoin-recovers-slightly-after-binance-hack" category: "Business & Economy" area: "United States" published: "2026-11-02T05:45:47.200Z" source_reported: "2026-11-02T02:52:46.000Z" updated: "2026-11-02T05:45:47.200Z" trust_score: 68 critic_score: 95 hype_score: 15 assessment_type: "coverage-and-source-reporting-analysis" fact_check_status: "not-performed" coverage_measured: "2026-11-02T05:30:27.751443+00:00" --- # Dollar Steady, Bitcoin Recovers Slightly After Binance Hack *Currencies hold position ahead of US midterm elections, while cryptocurrency markets react to a major exchange breach.* **Scores for the source reporting** (0-100, assessing the original journalism this article was written from, not this write-up): - Trust 68 of 100, higher is better. Two independent full reports name experts Robertsen and Cobeljic, and provide specific figures, giving a trust score of 68. - Craft 95 of 100, higher is better. Context, expert quotes, precise data and future outlook earn a high craft score of 95. - Hype 15 of 100, lower is better. Language is measured and factual, resulting in low sensationalism. Scored by MediaBias News; method at https://mediabias.news/methodology. **The short version** - The dollar held steady at 101.94 against a basket of currencies on Monday, with traders awaiting the US midterm elections. - Bitcoin was trading at $77,975.62, up 0.22%, after a $6.3 billion hack at the Binance exchange. - Eric Robertsen of Standard Chartered noted that strong anti-incumbent sentiment in polls may not always lead to election results. - Binance reported that it had covered 95% of the $6.3 billion in assets stolen during the hack. Major currencies were in a holding pattern on Monday as investors focused on the upcoming US midterm elections. The dollar steadied at 101.94 against a basket of currencies. Traders were also anticipating US jobs data and central bank rate decisions in the UK, Australia, Norway, and Sweden. The euro was near a 17-month low at $1.1159, influenced by Fitch's revision of France's outlook to negative. Sterling saw little change at $1.3387. In cryptocurrencies, bitcoin was trading at $77,975.62, up 0.22%, after experiencing losses following a $6.3 billion hack at Binance, the world's largest crypto exchange. Ether was up 0.27% at $2,268.42. Binance customers withdrew $3.64 billion following the incident. The exchange stated that withdrawals were stabilising and that it had covered 95% of the stolen assets. ## Divergent views on election impact Eric Robertsen, global head of research at Standard Chartered, commented that polling indicating strong anti-incumbent sentiment does not always translate into election outcomes, citing examples from Brazil and Israel. Robertsen suggested that a Democratic sweep of Congress could create obstacles for data centre and AI infrastructure capital expenditure plans at the state level and lead to contentious debates on raising the US debt ceiling. Andreja Cobeljic, head of derivatives trading at AMINA Bank, noted that significant losses suffered by hedge funds in October could limit the market's capacity to absorb surprises from the midterm elections. ## What the coverage left out None of the centre or right-rated reports mentioned the specific details of the FBI's link to North Korea regarding the Binance hack, which was included in the full report from Times of India. The full reports from Times of India and CNBC also included a quote from Richard Forss, chief technology officer at EXANTE, discussing the security assumptions in digital finance, which was absent from the digests. ## Who covered it Shares of the 11 covering outlets with a published leaning rating: - Left: 0% (0) - Centre: 64% (7) - Right: 36% (4) 1 of 12 covering outlets carried no usable leaning rating and were excluded from those percentages. Coverage measured 2026-11-02T05:30:27.751443+00:00. **Coverage watch:** developing. Checked 1 time; 0 checks found a material change. Most recently checked 2026-11-02T06:00:42.431Z. ## How the sides framed it ### Left No separate framing summary. ### Centre - Centre-rated reports led with the dollar's steady position ahead of the US midterm elections and the impact of the Binance hack on bitcoin. These reports carried details on the dollar's value against a basket of currencies, the euro's position near a 17-month low, and sterling's minor movement. The cryptocurrency aspect focused on bitcoin's trading price and its recovery after the hack, including customer withdrawals and Binance's statement on covering stolen assets. The analysis from Eric Robertsen regarding election outcomes and potential impacts on infrastructure spending was also a prominent feature. The reports mentioned the yen, Australian dollar, and New Zealand dollar, along with upcoming central bank decisions. ### Right - Right-rated reports highlighted the dollar's rangebound movement ahead of the US midterm elections and bitcoin's reaction to the crypto heist. These reports included the dollar's value against a basket of currencies and the broader market's focus on the elections. The Binance hack and its effect on bitcoin's price were also central. The reports mentioned the potential shift in congressional power due to the elections. One report noted that traders were bracing for a busy week with US jobs data and interest rate decisions from several countries. ## Factuality profile of the covering outlets These are published factuality ratings of the outlets, not a verdict on whether this story or its claims are true. - mixed: 3 - high: 3 - unknown: 1 - veryHigh: 5 ## Verification scope This page compares coverage and scores the source reporting. It is not a ClaimReview verdict on whether the underlying event or claim is true. ## Original reporting this was written from - [Business Recorder](https://brecorder.com/news/40447001) — Dollar rangebound ahead of US midterms; bitcoin reels from crypto heist - [Reuters](https://reuters.com/world/asia-pacific/dollar-rangebound-ahead-us-midterms-bitcoin-reels-crypto-heist-2026-11-02) — Dollar rangebound ahead of US midterms; bitcoin reels ... - [Devdiscourse](https://devdiscourse.com/article/international/4000400-forex-dollar-rangebound-ahead-of-us-midterms-bitcoin-reels-from-crypto-heist) — FOREX-Dollar rangebound ahead of US midterms; bitcoin reels from crypto heist - [Times of India](https://economictimes.indiatimes.com/markets/forex/forex-news/dollar-rangebound-ahead-of-us-midterms-bitcoin-reels-from-crypto-heist/articleshow/135442091.cms) — Dollar rangebound ahead of US midterms; bitcoin reels from crypto heist - [The Economic Times](https://m.economictimes.com/markets/forex/forex-news/dollar-rangebound-ahead-of-us-midterms-bitcoin-reels-from-crypto-heist/articleshow/135442091.cms) — Dollar rangebound ahead of US midterms; bitcoin reels from crypto heist - [CNBC](https://cnbc.com/2026/11/02/dollar-rangebound-ahead-of-us-midterms-bitcoin-reels-from-crypto-heist.html) — Dollar rangebound ahead of U.S. midterms; bitcoin reels from crypto heist - [Free Malaysia Today News](https://freemalaysiatoday.com/category/business/2026/11/02/dollar-rangebound-ahead-of-us-midterms-bitcoin-reels-from-crypto-heist) — Dollar rangebound ahead of US midterms, bitcoin reels from crypto heist - [regionalmedianews.com](https://regionalmedianews.com/news/national/business/dollar-rangebound-ahead-of-us-midterms-bitcoin-reels-from-crypto-heist) — Dollar rangebound ahead of US midterms; bitcoin reels from crypto heist - Regional Media News - [BBC News](https://bbc.com/news/articles/cwj34gdmnly4o) — Binance hack: Users withdraw $3.6bn after record crypto heist - [WTVB](https://wtvbam.com/2026/11/01/dollar-rangebound-ahead-of-us-midterms-bitcoin-reels-from-crypto-heist) — Dollar rangebound ahead of US midterms; bitcoin reels from crypto heist - [Unknown](https://chosun.com/economy/stock-finance/2026/11/02/HFSWEYZUGFQTONRVMRRTAMRUMM) — Bitcoin Remains in the $70,000 Range for Four Consecutive Days… Aftershocks From Binance Hack Continue - [Unknown](https://edaily.co.kr/News/Read?mediaCodeNo=257&newsId=02036886645641784) — Midterm Elections Imminent… Bitcoin in Trading Range ## Questions **What was the dollar's performance on Monday?** The dollar steadied at 101.94 against a basket of currencies on Monday. This occurred as investors turned their attention to the upcoming US midterm elections, leading to a holding pattern in major currency markets. **How did bitcoin perform after the Binance hack?** Bitcoin was trading at $77,975.62, showing a 0.22% increase, after experiencing losses following a $6.3 billion hack at the Binance exchange. The exchange reported that it had covered 95% of the stolen assets. **What is the potential impact of the US midterm elections on infrastructure?** Eric Robertsen of Standard Chartered suggested that if Democrats win control of Congress, capital expenditure plans for data centres and AI infrastructure could face increased obstacles at the state level. The debt ceiling debate is also expected to be contentious. --- MediaBias News — https://mediabias.news. Reproduced from https://mediabias.news/business/dollar-steady-bitcoin-recovers-slightly-after-binance-hack. Please cite as: MediaBias News, "Dollar Steady, Bitcoin Recovers Slightly After Binance Hack", https://mediabias.news/business/dollar-steady-bitcoin-recovers-slightly-after-binance-hack