DeFi

Bitcoin Tests $75,200 Support

Published

40 minutes ago

November 10, 2026

Total crypto market capitalization hovered near $2.50–2.54 trillion on November 9, 2026. Bitcoin dominance remained elevated at roughly 59–60%. The Fear & Greed Index stayed in “Fear” territory. The day featured sharp liquidations, persistent ETF outflows, and selective institutional and protocol developments amid ongoing caution.

Crypto markets remain under pressure after weekend liquidation cascade; Bitcoin closes at $75,223
Bitcoin and the broader crypto market recovered modestly from deep weekend lows on November 9 but closed with gains that did little to ease underlying uncertainty. BTC finished at $75,223.15 (market cap $1.513 trillion, +0.86% on the day) after testing the $73,500 area and the 200-day moving average. Ethereum closed at $2,131.50 (+0.50%). Total market value settled near $2.50–2.54 trillion after an earlier drop. Volume spiked as traders digested risk-off flows.

Key drivers included the prior week’s $1.28 billion in Bitcoin ETF outflows (the largest since June, heavily concentrated in BlackRock’s IBIT) and macro caution ahead of inflation data. Tech-sector nerves tied to an Nvidia leadership investigation added pressure earlier, though equities later rallied. Breadth was mixed: select Layer-2 and DeFi tokens (ARB, AVAX, AAVE) outperformed while XRP, ZEC, and several others lagged. Analysts noted that elevated liquidations cleared excess leverage, but sustained recovery remains dependent on ETF demand and liquidity conditions. Support near $73,000–73,500 remains pivotal.

Strategy buys another 1,036 Bitcoin for $81.9 million; holdings exceed 850,000 BTC
Michael Saylor’s Strategy (formerly MicroStrategy) disclosed the purchase of 1,036 BTC between November 2 and November 8 at an average price of approximately $79,012 (including costs), totaling about $81.9 million. The acquisition brought total corporate Bitcoin reserves to 850,364 BTC. Strategy also repurchased $188.3 million of its STRC preferred shares during the same period, funded in part by equity issuance. The move reinforces Strategy’s aggressive treasury strategy amid broader market volatility and ETF outflows. Corporate Bitcoin accumulation continues to act as a counterweight to retail and institutional selling pressure. With holdings now exceeding 850,000 BTC, Strategy remains the largest corporate holder.

NYSE selects Avalanche as settlement layer for tokenized securities platform
Ava Labs announced that Avalanche will serve as the core settlement ledger for a forthcoming tokenized securities platform affiliated with the New York Stock Exchange. The venue is designed for continuous (24/7) trading and settlement of equities issued across multiple blockchains, subject to regulatory approvals. This marks a significant step in Wall Street’s blockchain integration, moving beyond simple token wrappers to native settlement infrastructure on a public chain. AVAX saw relative strength on the news. The development highlights growing institutional interest in tokenized real-world assets.

Coinbase receives final OCC approval for national trust bank charter
Coinbase announced completion of the approval process for Coinbase National Trust Company, granting it a federal national trust bank charter from the Office of the Comptroller of the Currency (OCC). The charter places Coinbase’s custody and related businesses under a federal regulatory framework, enhancing its ability to offer institutional custody, payments, and other services. The company has also expanded its partnership with PNC Bank for USDC settlement and conversion for corporate clients. This regulatory milestone strengthens Coinbase’s position in the institutional market.

North Korean actors launder Binance hack proceeds via self-minted NEAR meme coins
Blockchain analytics firm Elliptic reported that North Korean-linked actors minted six NEAR-based meme tokens and routed approximately $430,000 of stolen Binance funds through associated liquidity pools. Similar techniques have appeared on other chains. The activity follows Binance’s disclosure of a major hack and underscores evolving laundering methods that blend stolen assets into seemingly organic trading activity.

Binance Bitcoin mining pool effectively shuts down after producing only one block in a week
Binance’s Bitcoin mining pool produced just a single block over the past week as its scheduled shutdown on November 10 approached. Once a significant contributor to network hashrate, the pool has largely disappeared from rankings. The closure reduces one source of centralized mining influence. Meanwhile, separate reports noted continued scrutiny of Binance following the recent hack, including leadership transitions and questions around hot-wallet practices.

Solana developers propose deprecating durable nonces after $270 million Drift hack
Solana developers introduced a draft proposal to deprecate the durable nonces transaction feature, which was exploited in a $270 million hack on the Drift protocol. The change aims to close a known attack vector while requiring updates to existing workflows that rely on the feature. The proposal reflects the network’s focus on post-incident hardening. Solana closed the day at $86.55 (+0.36%). Separately, tokenized stock trading venues on Solana continue to advance under regulatory exemptions.

Trump Media reports $409.7 million Q3 profit largely driven by Bitcoin and equity holdings
Trump Media and Technology Group posted a $409.7 million net income in the third quarter, swinging from a year-earlier loss. The profit was primarily attributable to gains on Bitcoin and equity holdings; core media operations remained unprofitable. The result underscores the growing role of crypto treasury strategies among public companies and the mark-to-market impact of Bitcoin price movements on corporate earnings.

Korean exchanges list Hyperliquid (HYPE); token shows relative resilience
Upbit and Bithumb announced listings of Hyperliquid (HYPE) for KRW, BTC, and USDT pairs on November 10. The token closed November 9 at $75.03 (+1.00%), outperforming many majors in a soft market. Hyperliquid has attracted attention for its high-performance perpetual futures platform. The Korean listings expand access in one of the world’s most active retail crypto markets. HYPE’s market capitalization stood near $19 billion on the CMC snapshot.

These developments capture the dominant themes of November 9: leveraged cleanup and ETF-driven caution on the price side, offset by continued corporate accumulation, regulatory progress, institutional blockchain adoption, and protocol-level security responses. Prices cited are the official CoinMarketCap historical snapshot values for that date. Sources include CoinMarketCap historical data, CoinDesk, The Block, Decrypt, Elliptic reporting, and company filings. All figures are as reported for November 9, 2026. Prices remain volatile amid persistent uncertainty.

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DeFi

Bitcoin Slips Toward $74,600

Published

1 day ago

November 9, 2026

Coin Reporter Correspondent

Bitcoin traded in a tight range near $75,000–$76,000 for much of November 8 before settling lower, closing the CoinMarketCap snapshot at $74,585, down 1.54% on the day. The asset remained on track for a fifth consecutive weekly loss. Total market capitalization hovered near $2.54 trillion with 24-hour volume around $29 billion and Bitcoin dominance near 60%. Ethereum lagged more sharply at $2,121, down 5.16%. Broader altcoins underperformed, with reports noting that 40 of the top 50 coins were lower on the week in one snapshot.

ETF outflows flip 2026 flows negative
U.S. spot Bitcoin ETFs suffered their worst week since late June, posting $1.28 billion in net outflows for the week of November 2–6, according to SoSoValue data. This erased the funds’ year-to-date gains and left them with roughly $914 million in net outflows for calendar 2026. Daily flows were negative on Monday ($398.6 million), Tuesday ($115.6 million), Thursday ($430.2 million), and Friday ($411.9 million), with only a modest $74.6 million inflow on Wednesday. BlackRock’s IBIT drove the bulk of the selling—roughly $403 million on Friday alone. Spot ether ETFs also extended a losing streak, shedding $365.3 million for the week. The outflows coincided with post-midterm market pressure, a stronger-than-expected jobs report that raised December Fed rate-hike odds, and broader risk-asset weakness. Cumulative inflows since the January 2024 launch remain substantial at roughly $55–56 billion, but the reversal of 2026’s positive balance marks a clear deterioration in institutional demand.

Vitalik Buterin on ETH as a store of value
Ethereum co-founder Vitalik Buterin argued on X on November 8 that the network should focus on positioning ETH primarily as a store of value rather than optimizing around transaction-fee burns. “ETH as store of value (SoV) makes much more sense to focus on than ETH as fee-burning token,” he wrote. He outlined that the fee-burn thesis was never as strong as it appeared in the 2021–2023 cycle, that maximizing fees can conflict with decentralization and censorship resistance, and that SoV aligns with Ethereum’s core strengths in security, privacy, and long-term stability. Buterin endorsed keeping EIP-1559 intact but said holders should not be concerned even if burns remain below 10% of break-even indefinitely. “The value of ETH comes from elsewhere.” ETH traded near $2,120–$2,240 on the day of the posts.

Binance France sets December 31 account closures
Binance France notified customers that all accounts will close as of December 31, 2026, citing an orderly cessation of activities after the entity failed to secure a Markets in Crypto-Assets (MiCA) authorization before the end of the transitional period. Deposits are already blocked; withdrawals remain open. From November 29, remaining balances will incur a monthly maintenance fee of 0.025% (minimum 10 USDC). Only fully emptied accounts before that date avoid the charge. Assets left after December 31 may be treated as inactive and subject to conversion, transfer, or other handling under Binance’s terms. The move follows progressive service restrictions across parts of the EU.

Keplr/Web3Auth wallet incident
Keplr Wallet paused Google and Apple logins after reports of unauthorized transactions on accounts created via social login (powered by Web3Auth). Accounts secured by recovery phrases or hardware wallets were unaffected. Web3Auth stated that a vulnerability in its infrastructure exposed certain private keys and that it conducted white-hat recovery operations, moving funds from vulnerable wallets to published recovery addresses holding roughly $5.6–6.0 million. On-chain analysis initially flagged large outflows from tens of thousands of Cosmos-ecosystem and Injective wallets. Final loss figures and the return process for affected users remain subject to ongoing verification.

Other developments
Core Scientific indicated it expects to complete its exit from Bitcoin mining by the end of 2026 and enter 2027 as a pure-play high-density colocation/AI data-center provider. AI/HPC leasing has grown to roughly 92% of revenue in recent periods. The Bank of Russia finalized rules allowing non-qualified retail investors to purchase Bitcoin, Ether, and USDT through licensed intermediaries starting November 17, 2026. A Finnish project has deployed approximately 30 Bitcoin mining systems that double as residential heating; at prices above roughly $70,000, each unit generates slightly more revenue than the electricity it consumes. Binance reopened withdrawals for Hyperliquid’s HYPE and Aptos’s APT on November 8 as part of the progressive restoration of services following its October 29 security incident. Separately, Binance’s once-significant Bitcoin mining pool has nearly disappeared from block-production rankings ahead of a planned November 10 closure.

The week’s price action reflected ETF outflows, post-election and macro sensitivity, and residual pressure from earlier security events. With Bitcoin on track for a fifth straight weekly loss and institutional flows turning negative for 2026, near-term volatility is expected to remain elevated as markets continue to digest the jobs data, regulatory shifts, and ongoing exchange recovery efforts. All market figures are sourced from CoinMarketCap’s November 8 historical snapshot unless otherwise noted. Prices are volatile; always verify live data.