The Bitcoin price ended the day on a sideways trajectory after recovering from sub-$8,000 dip that lasted for several hours. Bitcoin is now trading at $8,351 on Bitfinex, which translates into a $142 billion market cap.
This temporary dip may have been partially-tied to concern that Binance — the world’s highest-volume cryptocurrency exchange — had been hacked, as inaccurate rumors began to fly after the exchange went down on Wednesday evening and continued to remain offline on Thursday.
On Friday morning, though, Binance completed its system maintenance, which involved re-syncing its entire replica database, and trading resumed at approximately 10 am UTC.