Bitcoin has slid to the $76,000 range, dragging the broader cryptocurrency market lower. Despite tailwinds from a sharp drop in international oil prices and hopes for easing geopolitical tensions in the Middle East, the fallout from a massive fund outflow incident at Binance, the world’s largest cryptocurrency exchange, is weighing heavily on investor sentiment.

As of 8:55 a.m. on the 3rd, Bitcoin was trading at $76,698 on CoinMarketCap, a global price-tracking site, down 1.95% from 24 hours earlier. At the same time, Ethereum was down 1.00% at $2,249.83, and XRP (Ripple) had fallen 0.21% to $1.24. Solana plunged 2.74% to $91.83.

Under normal circumstances, the market mood would have leaned toward a rebound. U.S. Secretary of State…