While there are many things in the Bible not verified by archaeological evidence, some of these can be explained away by the sands of time. We would not expect, for example, to find a block of salt the Lot’s wife inside.
There was a gigantic event in the Bible that is made for an archaeological dig. It should be easily identified and grants for digs would be plentiful. That is Moses and the epic exodus from from slavery in Egypt.
Part of the Moses exodus story is him climbing up Mt. Sinai and receiving the Ten Commandments from God. Those Ten Commandments made movie maker Cecile B. Demille and actor Charlton Heston a lot of money.
For decades, there have been doubts about the Moses epic. I have a book from the 1940′s which concludes, instead of an epic escape, individual tribes of Jews probably went in and out of Egypt for a long period, eventually becoming established in Israel.
Though many written records of that period survive, there are none about the epic escape. Then, the logistics of the escape story do not add up–a million people supported by animals in the desert for decades.
While I not a professional in theology, my impression is the Moses story, while about the Jews, is one of the favorites in Christianity. It somehow sets the stage for struggle and heroic leadership that is later filled in with a Jesus character.
If it were widely accepted as a hoax, it seems like it would leave a big hole.