Crypto Market Today, November 7, 2026: Bitcoin Steady, Alts Slip
Bitcoin barely moved while most large altcoins slipped, as ETF outflows, Binance headlines and exchange compliance actions dominated the news.
Bitcoin was close to flat over 24 hours, trading near $75,616 (down 0.2%), while Ether sat near $2,226 (down 0.1%), according to FudPanic market data. The weakness was in smaller tokens: Polkadot fell 3.3%, Cardano 3.0%, Avalanche 2.5% and Toncoin 2.3%. XRP lost 1.6% and Solana 1.0%, while BNB (up 0.3%) and TRX (up 0.4%) were the only gainers among the 15 assets we track.
The same data puts the Fear & Greed index at 36, in the Fear zone. That is slightly above yesterday's 34 but well below last week's 52.
ETF outflows and a hawkish Fed voice
The Block reported that US Bitcoin ETFs lost $1.28 billion over the week, the worst week since June, which pushed year-to-date flows for 2026 below zero. According to the same report, BlackRock's IBIT made up 98% of Friday's outflows, with $403 million leaving that fund. This comes from a single outlet, and we have not seen the figures confirmed elsewhere.
Separately, Cryptopolitan reported that San Francisco Fed President Mary Daly said more rate hikes are likely because inflation remains high. She said the timing and pace are unclear and called for a step-by-step, data-driven approach. Cryptopolitan framed a hawkish Fed as a pressure point for risk assets, though it did not link her remarks to today's price moves.
On the network side, Bitcoin.com News said mining difficulty has now stayed below its October 2025 peak for 374 days, the longest such stretch on record. The outlet cited economist Saifedean Ammous and read the dip as a sign of weaker hashrate and miner economics.
Exchanges under compliance and security pressure
Wu Blockchain reported that Binance France will close customer accounts on December 31, 2026, after failing to win authorization under the EU's MiCA framework. Deposits are already suspended. Accounts that still hold assets will pay a 0.025% monthly fee, with a 10 USDC minimum, starting November 29.
Bitcoin.com News, citing blockchain analytics firm Elliptic, said the attacker behind the $6.3 billion Binance hack has swapped $175 million of stolen altcoins for about 2,300 more BTC. That comes on top of the 18,270.2 BTC drained from the exchange's wallet. Only one outlet carried this story. Bloomberg, as relayed by BWEnews, said Binance confirmed CFO Kaiser Ng is leaving and named Justin Yek as his replacement. No reason was given.
Wu Blockchain also relayed user reports that funds sent from MEXC to OKX, Binance and Gate are being held for compliance or refund checks after FinCEN's special measure order against MEXC Global. These accounts are anecdotal, not official platform announcements, and the order has not yet taken effect. In Latin America, Bitcoin.com News said Nubank and Mercadopago paused crypto deposits and withdrawals, blaming an external data provider. Rumors of a hack circulated on social media because both use Paxos for custody, but the outlet said no official report has confirmed one.
In India, Bitcoin.com News reported that the Enforcement Directorate searched premises tied to CoinDCX's parent, Neblio Technologies, and to Excelium Technologies, which runs Delta Exchange India. The agency alleges the exchanges routed Indian users' trades to offshore platforms including Binance and Bybit.
What to watch
Binance France's fee schedule starts November 29, and account closures follow on December 31. Moscow Exchange has set December 1 to launch Bitcoin and Ether trading, according to CryptoSlate. A pilot is planned for December, and non-qualified buyers will face a 300,000-ruble annual cap per intermediary.
Still unresolved are the effective date of FinCEN's MEXC order and whether the exchange holds spread beyond the anecdotal reports. Also open are the reason for the Nubank and Mercadopago pause and whether it reverses. Daly gave no date for the next rate decision, so the sources offer no scheduled Fed event to anchor on.
Sources
- Binance France to Close Customer Accounts on December 31, Introduce Monthly Fees From November 29 Wu Blockchain
- Binance Confirms Kaiser Ng Leaving, Names Justin Yek New Cfo: Bbg BWEnews
- Bitcoin Mining Difficulty Has Never Stayed Below Its Peak for This Long Bitcoin.com News
- Bitcoin ETFs flip negative for 2026 after $1.28 billion outflow week, worst since June The Block
- Binance Hack Takes Another Twist as Hackers Amass 2,300 More Bitcoin Bitcoin.com News
- Users Report Deposit Restrictions at OKX, Binance and Other Exchanges Following FinCEN Action Against MEXC Wu Blockchain
Written with AI assistance from the sources above and checked against them. Not investment advice.