Crypto Market Today, November 2, 2026: Bitcoin Falls 1.5% on Hack Fallout
Bitcoin slipped 1.5% to about $76,700 as Binance hack fallout continued, with the exchange's delayed reserve proof now due Tuesday, November 3.
Most major tokens drifted lower over the past 24 hours. Bitcoin fell 1.5% to about $76,712, and Ether lost 0.6% to roughly $2,249. XRP was nearly flat at $1.25, down 0.2%.
Losses were larger further down the list. HYPE dropped 4.3% to $83.41, AVAX fell 3.8%, and SOL and LINK each shed about 3%. TRX was the exception, rising 1.7% to $0.318, while BNB slipped 1.7% to $695.
Binance hack still dominates the news
The exchange hack of October 29 remains the main story. BeInCrypto reported that about $6.3 billion was drained across 10 blockchains. Elliptic, as relayed by Wu Blockchain, puts the stolen total at roughly $6.43 billion, so the sources differ slightly on the size. Elliptic says laundering now spans 11 chains and about 12,000 wallets, and that the attacker has begun using CoinJoin for the first time.
According to Elliptic, about $2.85 billion, or 44%, has been frozen or seized, while around $3.24 billion sits in linked addresses. Bitcoin.com News reported that the hacker moved all 233.46 million stolen XRP, worth about $293 million, into six new wallets after roughly 80 hours of inactivity. Traders may watch for those coins to be sold or bridged, which could add pressure to XRP.
Bitcoin.com News also cited DefiLlama data showing Binance's tracked assets down about $16.6 billion since the hack. The exchange's zero-knowledge reserve proof was pushed from Monday to Tuesday, November 3. Traders are watching it as a test of confidence in the exchange.
More incidents, and a shallow market reaction
Other thefts added to the unease. Protos reported that Brazil's Mercado Bitcoin paused deposits and withdrawals after about $46 million was taken, with the figure still rising. The exchange says customers were not harmed and no data was breached. ZachXBT separately reported that an EU entity may have lost more than $106 million from several centralized exchange accounts on November 1. The funds were withdrawn as USDC and USDT, and the suspected thief is swapping into ETH and Monero.
Still, BeInCrypto, citing analyst Willy Woo, noted that Bitcoin closed last week down only 2.9% after the Binance hack. He compared that with a 25% drop after the FTX collapse in 2022. Not everything looks calm, though. Wu Blockchain reported that US spot bitcoin ETFs saw $203 million in net outflows for October 26–30, and Ethereum ETFs lost $432 million, a fifth straight week of outflows.
Mood and what to watch
The Fear & Greed index read 53, which is Neutral, up from 51 yesterday. That suggests sentiment has not turned sharply negative despite the headlines.
Corporate demand was mixed. Bitcoin Magazine reported that Strategy bought 811 BTC for about $65.5 million, bringing its holdings to 849,327 BTC. Unchained said Strive added just 124 BTC in the week to October 30, about 2% of the prior week's 6,182 BTC. On the regulatory side, The Defiant reported that New Jersey rescinded its penalty and staking restrictions on Coinbase, and Coinbase says customer access will return soon.
The key item for tomorrow is Binance's reserve proof, due on November 3. Traders will also watch for further exchange freezes, moves of stolen funds and any new ETF flow data.
Sources
- Binance Has Shed $16B Since The Hack as Its Proof Lands Tuesday Bitcoin.com News
- A $6.3 Billion Hack Tested Bitcoin’s Bull Market. 3 Signs It Passed BeInCrypto
- Mercado Bitcoin hack losses are at $46M and growing Protos
- Strategy (MSTR) Adds 811 Bitcoin, Strive (ASST) Follows Suit With 124 as Both Keep Stacking Bitcoin Magazine
- Nvidia and Nike Lead Biggest Wave Yet of Tokenized Stock Objections Decrypt
- An EU entity is suspected of losing $106M+ from multiple centralized exchange accounts ZachXBT
- Strive’s Bitcoin Buying Slows to 124 BTC, About 2% of the Prior Week’s Total Unchained
- New Jersey Rescinds Coinbase Staking Order, Clearing Path for Restart The Defiant
Written with AI assistance from the sources above and checked against them. Not investment advice.