Crypto Market Today November 4, 2026: Bitcoin Near $80,200, Ether Up 5.9%
Bitcoin rose 3.1% to about $80,200 and Ether 5.9% as US stocks rallied after the midterms, though ETF outflows and hacks weighed on sentiment.
Most major tokens finished higher over 24 hours. Bitcoin gained 3.1% to about $80,200, while Ether led the large caps with a 5.9% rise to roughly $2,423. BNB rose 2.6% to about $717, and Solana added 1.4% to near $94.75.
The gains were not universal. TRX slipped 1.2% and HYPE fell 2.6% to about $83.42. XRP rose 1.7% to $1.30 and Dogecoin rose 1.9%.
Risk assets lift bitcoin, but ETF flows lag
Cointelegraph reported that Bitcoin climbed toward $80,500 as US stocks rallied after Democratic gains in the midterm elections and a drop in oil prices. The current price sits a little below that level, so the move has partly cooled. Traders are watching whether the broader risk-on tone holds.
Fund flows did not match the price action. Wu Blockchain reported that US spot Bitcoin ETFs saw about $116 million in net outflows on November 3, a third straight day of redemptions. Spot Ether ETFs lost roughly $85 million, their seventh consecutive day of net outflows. Steady ETF selling points to softer institutional demand, which is a counterweight to the price rebound.
Supply from miners is another factor. According to Wu Blockchain, Riot Platforms sold 10,599 BTC in the third quarter. That cut its holdings from 11,380 to 2,418, a fall of nearly 79%. The company has sold about 20,264 BTC in nine months to fund data center construction, and it also signed a 15-year AI lab data center lease worth about $28 billion.
On the demand side, The Defiant reported that Strategy's STRC preferred stock returned to $100 for the first time since May, after about $2.25 billion in buybacks. That is the company's stated minimum price for new issuance.
Exchange security and regulation
Exchange security stayed in focus. The Daily Hodl reported that Binance's Richard Teng said about $2.85 billion tied to the $6.34 billion Binance hack has been frozen or intercepted. He also said 98% of affected tokens have been replenished, withdrawals have largely resumed and no users bear a loss. Bitcoin.com News described the hack as $6.3 billion, and said South Korean regulators have urged local exchanges to hold more assets in cold storage and tighten internal access controls.
Separately, ZachXBT said he has found over $27 million in further centralized-exchange withdrawals by an illicit actor, bringing the total for that incident to more than $133 million. The snippet does not name the tokens or exchanges, so it is unclear how the incident relates to the Binance hack. Wu Blockchain also reported that BitMart's founder confirmed a minor breach, possibly linked to the attackers behind the Mercado Bitcoin incident, and described severe security understaffing.
On tax, The Defiant reported that South Korea's ruling party is formally seeking a delay to crypto taxation, with a two-year postponement under discussion. The legal start date is still January 1, 2027.
Tokenization and sentiment
Traditional-finance news was constructive. Unchained reported that Morgan Stanley is using DTCC's tokenization service for US equities and Treasuries six days after launch, though it did not name securities, amounts or the blockchain. Decrypt reported that SEC staff view Canton Coin as a digital commodity and will not recommend enforcement over its minting. The Defiant said Circle's payments network reached $41.3 billion in annualized Q3 volume, linked to USDC rails.
The Fear & Greed index read 55, Neutral, up from 52 yesterday. Traders will likely watch whether ETF outflows ease, whether the post-election risk appetite lasts, and what South Korean lawmakers decide on the tax delay before the January 1, 2027 start date.
Sources
- South Korean Regulator Demands Tighter Cold-Wallet Controls for Crypto Firms Bitcoin.com News
- Bitcoin hits $80.5K as US stocks rally on midterm election results Cointelegraph
- I’ve identified an additional $27M+ of CEX withdrawals by the illicit actor bringing the total to $133M+ for the incident. ZachXBT
- Circle Payments Network Reaches $41.3 Billion Annualized Volume in Q3 The Defiant
- Six Days After Launch, Morgan Stanley Says It Is Using DTCC’s Tokenization Service Unchained
- Canton Coin Gets SEC Nod as Wall Street Tokenization Heats Up Decrypt
- Second-Largest Bitcoin Miner Riot Sells 10,599 BTC in Q3, Holdings Drop Nearly 79% from End of June Wu Blockchain
- Strategy’s STRC Hits $100 for First Time Since May The Defiant
Written with AI assistance from the sources above and checked against them. Not investment advice.