IBIT is trading at $44.06, down 3.61%, after Binance suspended deposits and withdrawals while investigating a major security incident.
- The incident heightened exchange-safety fears and prompted asset freezes; Bitcoin fell below $78,000 as crypto markets reacted.
- U.S. futures were lower amid an overnight technology selloff and global market weakness.
- Binance news is the clearest crypto-specific catalyst for IBIT’s pre-market decline.