As of early evening on Oct. 30, Bitcoin (BTC -0.83%) fell 1.18% to $76,870.01, Ethereum (ETH -0.30%) fell 0.43% to $2,239.10, and Solana (SOL +0.68%) fell 0.57% to $94.94.

What’s driving crypto markets

Crypto sentiment remained fragile following a $6.3 billion hack of Binance (BNB +0.91%), the world’s largest cryptocurrency exchange. The breach, believed to be the largest theft in crypto history, triggered widespread selling and a wave of forced liquidations totaling approximately $1.57 billion.

Binance has taken steps to stabilize the situation, freezing approximately $3 billion in stolen assets with the help of industry partners and setting aside more than $6.34 billion in company funds to cover losses. While these measures have helped…