Market update today, November 1 — Sunday: traditional markets are closed, so all focus is on crypto:
*Cryptocurrencies — a weak recovery after a red week:*
- *BTC now: approximately $77,800–$78,000, up 0.6% to 0.8% over 24 hours* from Friday’s low of $76,368. But it’s down 4.11% for the week and 8.69% for the month, and down 11.45% since the start of 2026
- *ETH: $2,266–$2,272, up 1.19%*, BNB: $705, SOL: ∼$95.5, XRP: $1.25
- Total market cap: $2.5–$2.63 trillion, up 0.71% today. Trading volume is very weak at $11 billion, down 59% from the 30-day average — meaning the move lacks conviction.
- Market sentiment: Fear & Greed at 34–35 = fear, and BTC is above the $76,426 support but below medium-term resistance, indicating consolidation. f7228aa55e8769325a99
*Top market-moving news:*
1. *Binance:* After Thursday’s $6.3 billion hack, it announced today that withdrawals of BTC, ETH, and 13 other coins have resumed, after compensating for 90–95% of the assets using its own funds. The FBI links the attack to a group backed by North Korea.
2. *ETFs:* U.S. spot Bitcoin ETFs recorded net outflows of $643 million on Friday, October 30, wiping out four days of previous inflows. b281bfb8
Bottom line: A slight technical rebound today after the Binance shock, but the market is still under selling pressure and trading volume remains weak, while BTC is holding above the $76,400 support.
#YiHe:ProofOfReserves:10TokensAt100%Backing
*Cryptocurrencies — a weak recovery after a red week:*
- *BTC now: approximately $77,800–$78,000, up 0.6% to 0.8% over 24 hours* from Friday’s low of $76,368. But it’s down 4.11% for the week and 8.69% for the month, and down 11.45% since the start of 2026
- *ETH: $2,266–$2,272, up 1.19%*, BNB: $705, SOL: ∼$95.5, XRP: $1.25
- Total market cap: $2.5–$2.63 trillion, up 0.71% today. Trading volume is very weak at $11 billion, down 59% from the 30-day average — meaning the move lacks conviction.
- Market sentiment: Fear & Greed at 34–35 = fear, and BTC is above the $76,426 support but below medium-term resistance, indicating consolidation. f7228aa55e8769325a99
*Top market-moving news:*
1. *Binance:* After Thursday’s $6.3 billion hack, it announced today that withdrawals of BTC, ETH, and 13 other coins have resumed, after compensating for 90–95% of the assets using its own funds. The FBI links the attack to a group backed by North Korea.
2. *ETFs:* U.S. spot Bitcoin ETFs recorded net outflows of $643 million on Friday, October 30, wiping out four days of previous inflows. b281bfb8
Bottom line: A slight technical rebound today after the Binance shock, but the market is still under selling pressure and trading volume remains weak, while BTC is holding above the $76,400 support.
#YiHe:ProofOfReserves:10TokensAt100%Backing