Last 24 hours · updated

Crypto is down 1.0% in the last 24 hours

Crypto is broadly lower, with bitcoin down 3.8% to $75,256.60, ethereum down 5.2% to $2,219.53, solana down 3.3% to $89.87 and XRP down 7.9% to $1.18. US spot bitcoin ETFs saw net outflows of $430.2 million on Nov 5 after inflows of $74.6 million on Nov 4.

BTC-0.6%$75,850
ETH-1.4%$2,232
SOL+0.5%$90.66
XRP-3.6%$1.20
BTC ETFsUS session-$430Mnet flow, Nov 5

News mood

Mixed 28% bullish · 42% bearish

What's happening

The Binance hack, reported at up to $5.7 billion in losses, is pushing prices down and raising questions about customer funds after more than $2 billion in ETH and tokens left Binance hot wallets 12. Bitcoin erased its election rally as AI stocks sank, Democratic midterm wins raised policy questions, and $428 million in crypto longs were liquidated 3. BlackRock sold $405 million worth of bitcoin as IBIT redemptions piled up 4. The top two Hyperliquid traders this month hold more than $1 billion in combined short positions betting on crypto falling 5.

The biggest stories

Crypto commentator Tyler D has said that a Democratic takeover of Congress in the November 3 US midterm elections could slow crypto legislation and bring tougher regulatory conditions, but it may also benefit privacy cryptocurrencies.

  • CryptoPotato
  • BeInCrypto
  • Bloomberg Crypto
  • CoinDesk
  • Decrypt
  • Crypto Briefing
  • +1 more

First: CryptoPotato · 7 outlets · latest 47m ago

Markets

Leaning bearish 26% bullish · 43% bearish

Bitcoin holds near $77.8 ahead of the November US midterms, with traders watching for policy implications 6.

Bitcoin

Mixed 36% bullish · 32% bearish

Ethereum

Mixed 17% bullish · 17% bearish

Altcoins

Leaning bullish 84% bullish · 4% bearish

A Polygon proposal seeks a hard fork to recover 70.49 million POL tied to the Polymarket and Binance incidents into recovery wallets without changing POL's total supply 7.

Crypto stocks

Leaning bullish 88% bullish · 6% bearish

  • COIN$134-2.4%
  • MSTR$128-0.8%
  • HOOD$80.25+2.4%
  • CRCL$67.35-3.1%
  • MARA$5.99+2.0%
  • IBIT$42.88-0.3%

Strategy shares hit a 5-month high as Saylor eyes bitcoin buys at the $100 mark 8.

Countries

Regulation

Mixed 43% bullish · 40% bearish

The CFTC opened the US stock market to perpetual futures that never expire and can now trade on American regulated exchanges 9.

Geopolitics & macro

Leaning bearish 6% bullish · 40% bearish

US midterm results favored Democrats as bitcoin edged lower and S&P 500 futures fell 0.6% 10.

DeFi

Leaning bullish 75% bullish · 0% bearish

Security

Leaning bearish 1% bullish · 73% bearish

Binance removed SignalPlus API keys following a security alert 11, while South Korea's GOPAX suspended trading, deposits and standard withdrawals after a hacking threat to move all assets to cold storage 12.

All headlines from the last 24 hours →