📈 Market and prices
1. 📊 Bitcoin broke through $80,000**
BTC rose 3.6–4.9% in 24 hours, reaching **$80,374–80,725. At one point, the price exceeded $81,000, rebounding from the election low of around $75,600.
2. 📈 Ethereum outperformed BTC
ETH gained 6.2–7.2%, trading around $2,418–2,440. Ether is recovering faster than Bitcoin.
3. 🚀 DePIN — growth leader
The sector gained 5.79%: Aethir (ATH) rose 9.91%, and Render (RENDER) rose 9.23%. RWA gained 5.47%, and Layer 2 gained 5.28%.
4. 🚀 Raydium (RAY) — top performer among the top 100
RAY surged 12.73–17.73%, leading the largest cryptocurrencies.
5. 📉 TRUMP tokens plunged
Trump’s official memecoin (TRUMP) plunged 20.94% to $1.28. World Liberty Financial (WLFI) fell 4.87–6.51%.
6. 😨 Fear and Greed Index — 50
The index rose from 34 to 50, and the market shifted from “fear” to “neutral.”
7. 💥 $950 million liquidated in 24 hours**
About **$560 million came from short positions—the short squeeze amplified the rally.
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🗳️ Elections and regulation
8. 🏛️ Democrats take Congress
Winning both chambers creates obstacles for Trump’s pro-crypto agenda. The CLARITY Act, which already failed in the Senate in September, may not pass before January 3, 2027.
9. ⚠️ Democrats introduce a new bill
The House of Representatives has begun discussing an alternative: expanding the SEC’s powers, strengthening consumer protections, and restricting government officials’ involvement in the crypto business.
10. 📊 But the Senate remains pro-crypto
According to Bitwise estimates, the new Senate has 51 pro-crypto senators—only one fewer than before the election. Grayscale and BlackRock do not expect a fundamental shift.
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🐋 Large transactions
11. 🐋 813 BTC transferred to Coinbase Institutional
An unknown wallet sent 813 BTC (~$65.4 million) to Coinbase’s institutional platform.
12. 🏦 Riot Platforms sells 10,599 BTC
The miner sold 79% of its holdings (2,418 BTC remain) to fund its transition to an AI business. This signals pressure on miners.
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📉 ETFs and institutional flows
13. 💸 BTC ETFs: Three days of outflows, $1.16 billion**
Spot ETFs lost **$1.16 billion over three sessions. On November 3, outflows totaled $116 million. Institutional demand remains weak.
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🌍 Macro and commodities
14. ⛽ Oil plunged 8%
Expectations that the US–Iran war would soon end sent Brent down to $94.62 and WTI to $88.12. The drop in oil eased inflation risks.
15. 📈 Nasdaq rose 1.44%
The Dow Jones rose 3.03%—its best day in 19 months. The S&P 500 gained 1.58%. The 10-year Treasury yield fell to 4.88%.
16. 🥇 Gold-backed stablecoins rose
PAXG rose 4.55% to $4,129, and XAUT rose 4.49% to $4,116—as investors maintained their defensive positions.
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🔐 Security
17. 🛡️ Privacy Cash suspends deposits
The decision is linked to the attack on Binance: the protocol wants to prevent the service from being used to launder stolen funds.
18. ⛓️ Polygon prepares hard fork to recover funds
A PIP proposal seeks to return 23.86 million POL (Polymarket) and 46.63 million POL (Binance), frozen after the incidents.
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📊 Analysis
19. 🎯 BTC resistance at $82,000**
A breakout above this level is needed for a sustained recovery. Support is at **$78,000–$76,000 if the price falls back below $80K.
20. ⚠️ Rally driven by a short squeeze, not demand
Analysts note that the rise is driven by the closure of short positions, not new buying. ETF inflows are needed for the rally to continue.
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📌 Summary: The market rebounded as political uncertainty eased and oil prices fell. BTC returned to $80K, and ETH to $2,440. But the rally is built on a short squeeze: ETFs are losing capital ($1.16 billion), while Democrats in Congress are calling the CLARITY Act into question. The key question is whether institutional money will return.
