Crypto is broadly lower, with bitcoin at $74,813 down 1.5%, ether at $2,125.61 down 5.1%, solana at $87.25 down 2.6% and XRP at $1.10 down 5.0%. US spot bitcoin ETFs saw net outflows of $430.2 million on Nov 5 and $411.9 million on Nov 6.
BTC-0.7%$75,148
ETH-4.0%$2,139
SOL-1.7%$87.43
XRP-4.0%$1.11
BTC ETFsUS session-$412Mnet flow, Nov 6
News mood
Mixed39% bullish · 37% bearish
What's happening
The Binance hack of $5.7 billion is the largest crypto hack to date and has pushed prices lower 1. Bitcoin fell toward $74,000 amid a wave of forced selling and liquidations 2. BlackRock sold $405 million of bitcoin as IBIT redemptions piled up, signaling institutional outflows 3. Two Hyperliquid traders hold more than $1 billion in combined short positions betting on further declines 4.
The potential Bitcoin purchases by Strategy could significantly impact market dynamics and investor confidence, influencing broader financial strategies.
XRP fell to $1.21 despite a $540 million outflow from Binance 6, while Shiba Inu's exchange supply reached 86 trillion SHIB, adding pressure to a weak market 7.
A rule allowing crypto in 401(k)s has reached the White House for final review 8, and Charles Schwab opened Solana, Avalanche and Chainlink trading to US clients 9.
Telegram saw over 700,000 self-custodial wallets created in 48 hours 10, and Coinbase began accepting tokenized gold as first non-crypto collateral for USDC loans 11.