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Bitcoin sat at $75,734 on November 8, 2026, down 2.62% in seven days, and most big altcoins fell harder. That is the crypto market this week in one line, based on CoinGecko data: BTC also lost 7.86% over 30 days, and its share of the market rose to 59.32% as money either left crypto or moved into Bitcoin.
The causes were $430.2 million in spot ETF outflows in one day, more than $1 billion in liquidated long bets, a sharp AI chip selloff and a hot jobs report. Some of these connect clearly to prices and some don’t, and I’ll say which is which.
Key takeaways
- Bitcoin trades at $75,734 as of November 8, 2026, down 2.62% over 7 days and 7.86% over 30 days (CoinGecko).
- U.S. spot Bitcoin ETFs saw $430.2 million in net outflows on November 5 and $869.8 million week to date (Farside Investors via Decrypt).
- More than $1.27 billion in crypto derivatives positions were liquidated in 24 hours, over $1.1 billion of it longs (CoinDesk).
- Bitcoin Cash fell 13.97% on the week, Hyperliquid 12.3% and Stellar 10.85%, while Bitcoin dominance stands at 59.32% (CoinGecko).
Where is the Bitcoin price this week?
Bitcoin was above $80,000 on Wednesday before sliding back toward $76,000, Decrypt reported. On Friday, CoinDesk’s live coverage had it dipping to $75,400, its weakest level since the mid-September Fed rate hike. It closed that session around $75,750.
The last 24 hours look calm, with BTC down just 0.32%. The bigger picture is worse. Bitcoin is about 40% below its all-time high of $126,080, set on October 6, 2025.
Bitcoin Magazine pointed out that the mid-$75,000 zone has held since August, including on election night. To me, a level like that only shows where buyers stepped in before. It doesn’t promise they will again. Wintermute’s Jasper De Maere, quoted by CoinDesk, said Bitcoin needs to reclaim and hold $80,000 to signal renewed strength.
Which altcoins fell the most this week?
Ether actually did slightly better than Bitcoin over seven days. ETH sits at $2,231.40, down 1.47% on the week, but it’s down 10.19% over 30 days. Its share of total market value is 10.62%, and it still trades at less than half of its $4,946.05 peak from August 24, 2025.
The real damage was further down the top 20. These were the weakest coins over seven days, according to CoinGecko:
- Bitcoin Cash (BCH), down 13.97% to $246.04
- Hyperliquid (HYPE), down 12.3% to $77.22
- Stellar (XLM), down 10.85% to $0.1504
- Chainlink (LINK), down 7.4% to $10.72
- XRP, down 7.0% to $1.16
The 30-day numbers are uglier. Cardano is down 23.23%, Stellar 22.74% and Solana 18.87%.
Hyperliquid’s drop stands out because it came in the same week its treasury company, Hyperliquid Strategies, applied to become a U.S. futures broker. Good news on the corporate side couldn’t hold it up against a falling market.
Only a few coins in the top 20 went up. TRON rose 3.7% to $0.32017 and Zcash gained 0.95% to $1,259.61. Monero slipped 0.85% on the week but is still up 11.4% over 30 days.
I wouldn’t treat TRON’s gain as a bullish signal. A chain best known for moving stablecoins tends to sit out both rallies and selloffs, and this week that steadiness was what stood out.
Top coins compared: price, 7-day and 30-day moves
Here is where the biggest non-stablecoin assets stand as of November 8, 2026, using CoinGecko data. Total crypto market cap is about $2.56 trillion, down 2.88% over 24 hours.
| Coin | Price (USD) | 7d change | 30d change |
|---|---|---|---|
| Bitcoin (BTC) | $75,734 | -2.62% | -7.86% |
| Ethereum (ETH) | $2,231.40 | -1.47% | -10.19% |
| BNB | $696.61 | -1.23% | -5.95% |
| XRP | $1.16 | -7.00% | -16.44% |
| Solana (SOL) | $88.96 | -6.62% | -18.87% |
| TRON (TRX) | $0.32017 | +3.70% | -3.37% |
| Hyperliquid (HYPE) | $77.22 | -12.30% | -9.37% |
| Bitcoin Cash (BCH) | $246.04 | -13.97% | -11.63% |
With Bitcoin dominance at 59.32%, the table shows a familiar pattern. Bitcoin lost ground, and most of the big alts lost more.
Why is the crypto market down this week?
Four stories from the week’s news line up with these moves. I’ve ordered them from the clearest link to the weakest.
| Event | Date | Key number | Source |
|---|---|---|---|
| Spot Bitcoin ETF outflows | November 5 | $430.2 million in one day | Farside via Decrypt |
| Derivatives liquidations | 24 hours to November 6 | $1.27 billion total, $1.1 billion+ longs | CoinDesk |
| Nasdaq selloff | Thursday | -5.5%, worst since April 2025 | Decrypt, CoinDesk |
| October jobs report | November 6 | 165,000 jobs vs. 65,000 estimate | CoinDesk |
Bitcoin ETFs bled $430 million in a day
U.S. spot Bitcoin ETFs saw $430.2 million in net outflows on Thursday, November 5, according to Farside Investors data cited by Decrypt. Fidelity’s FBTC lost $199.9 million and BlackRock’s IBIT $105 million. IBIT has now had five straight sessions of redemptions worth about $1.04 billion, and week-to-date outflows reached $869.8 million.
The link to price is direct here, because ETF redemptions mean real selling in the spot market. What’s less clear is which way it runs. Outflows can push the price down, and falling prices also push nervous holders to sell, so each makes the other worse.
Over $1 billion in bullish bets liquidated
CoinDesk counted more than $1.27 billion in crypto derivatives positions wiped out over 24 hours, with over $1.1 billion of that on the long side. Bitcoin was down about 5.2% on the day at the time. GSR’s Carlos Guzman called it “a pullback in risk appetite amplified by leverage,” and I agree with him.
Liquidations rarely start a selloff. They make it bigger and faster, because each forced sale triggers the next one. Traders who borrowed to bet on a bounce above $80,000 got flushed out.
The AI chip rout hit everything risky
The Nasdaq fell 5.5% on Thursday, its worst session since April 2025, and the S&P 500 dropped about 4.4%. Decrypt reported Nvidia down 9.3% and AMD down 17.3% that day, with Taiwan’s benchmark losing more than 8% over the week. Part of the worry was political. CoinDesk noted that Democrats now control both chambers of Congress, and that voters in 40 of 41 local ballot contests on November 3 favored limits on data center development.
The link to crypto is plausible but not proven. CoinDesk observed that crypto has gone back to falling when stocks fall and not rising when they recover. Friday fit that pattern: the Nasdaq gained 1.1% while Bitcoin barely moved. Bitcoin miners are another loose connection, since CoinDesk noted that fears of a slower AI data center buildout weigh on them.
A hot October jobs report
The U.S. added 165,000 jobs in October against a 65,000 estimate, CoinDesk reported (Bitcoin Magazine cited a 59,000 forecast). Unemployment fell to 4.1% and hourly earnings rose 0.4% for the month. Afterwards, CME FedWatch put the chance of a December 9 rate hike at about 79%, up from about 70% at the open, per Bitcoin Magazine.
Honestly, this is the weakest link of the four. Bitcoin dipped only slightly to $75,800 right after the release. Stronger hiring and higher rate odds usually hurt assets like crypto, but there was no clear reaction on the day. I can’t tell you how much of the week’s weakness it explains.
Exchange news: MEXC and Binance Europe
These two didn’t move prices in any obvious way, but they matter if you keep coins on an exchange. FinCEN ordered U.S. financial institutions to stop sending or receiving funds with MEXC, citing at least $16 billion in alleged illicit activity, according to Bitcoin Magazine. The order takes effect 30 days after it’s published in the Federal Register.
Separately, CoinDesk reported that Binance users in some European countries were told to withdraw their crypto before fees kick in, with accounts closing by year end.
What I’m watching in the crypto market next week
- U.S. CPI and PPI data, which CoinDesk expects to matter more for the Fed than the jobs report did.
- Daily spot ETF flows on Farside. Another week like this one, with $869.8 million out, would tell me demand from ETF buyers is still weak.
- Whether Bitcoin holds the mid-$75,000 zone, and whether it gets back toward $80,000.
- Bitcoin dominance near 59.32%. If it keeps climbing while prices fall, alts are still the first thing people sell.
I’m not adding risk in a week like this, but that’s my own comfort level, not a rule. This is not financial advice, so do your own research before you act.
FAQ
Why is crypto down this week?
Several things hit at once: $430.2 million in spot Bitcoin ETF outflows on November 5, more than $1 billion in liquidated long positions, and a sharp selloff in AI and chip stocks. Nobody can measure exactly how much each one contributed.
What is the Bitcoin price today?
As of November 8, 2026, Bitcoin trades at $75,734 according to CoinGecko. That is down 0.32% over 24 hours, 2.62% over seven days and 7.86% over 30 days.
What is Bitcoin dominance right now?
Bitcoin dominance is 59.32%, so BTC makes up a little under 60% of the roughly $2.56 trillion crypto market. Ether’s share is 10.62%.
Did the October jobs report affect Bitcoin?
Not much on the day. Bitcoin slipped only slightly to about $75,800 after the 165,000 jobs figure came out, even though the odds of a December rate hike rose to about 79%. Any longer effect would show up through interest rate expectations, and that’s hard to separate from everything else going on.
Related reading
This article is for information only and is not financial advice. Crypto assets are volatile; you can lose all of your money.