Week ahead
Times are US Eastern. Sources: US Bureau of Labor Statistics, Federal Reserve.
Markets
Bitcoin ended the week near $75,542, down 3.1%, while Ether closed at $2,161, down 4.6%, as the broader market fell with total crypto capitalisation at $2.52T, down 4.1%. Bitcoin had briefly traded above $80,500 after the US midterm election results before reversing as a Wall Street AI-stock selloff spread across risk assets, with the Nasdaq and S&P 500 both posting sharp daily declines. The move deepened after Binance's $6.3 billion hack renewed questions over exchange security, prompting rivals including Coinbase to highlight cold-storage ratios. Over $1 billion in crypto positions were liquidated as the sell-off accelerated, with Bitcoin briefly testing an 11-week low. Bitcoin dominance held at 60.3% even as altcoins underperformed, and the Fear & Greed Index fell to 29, denoting Fear.
Movers
Top gainers, 7 days
XAUt▲ 4.4%
PAXG▲ 3.9%
JST▲ 3.2%
Top losers, 7 days
WLD▼ 19.1%
ENA▼ 17.3%
GRAM▼ 15.2%
Top 50 coins by market cap, stablecoins excluded.
Gold-backed tokens led gainers, with Tether Gold up 4.4% and PAX Gold up 3.9% as investors favoured safer assets; JUST also rose 3.2%. Among losers, Worldcoin dropped 19.1%, Ethena fell 17.3% and Gram slid 15.2% as risk appetite for smaller tokens waned.
ETFs & institutional
US spot Bitcoin ETFs recorded a net outflow of $1.3B over the week to 6 November, with only one of five trading days seeing inflows, leaving total assets at $96.4B; Ether ETFs shed $365M over the same period, also with just one inflow day, taking assets to $13.0B. The Block reported Bitcoin ETFs flipped negative for 2026 after the week's $1.28 billion outflow, the worst since June. On the corporate side, Strive added 15,124 Bitcoin in October and posted a $509 million Q3 profit, while Trump-linked American Bitcoin reported a $126 million quarterly profit.
Regulation & policy
A Democratic sweep of the US midterms raised doubts over the Clarity Act's prospects, with commentators calling it a likely 'final nail' for the bill, while the crypto industry rethinks its Washington strategy. The US Treasury cut off exchange MEXC from the US financial system over alleged $16 billion in illicit flows tied to Iran, North Korea and Russia, and also walked back its proposed crypto 'travel rule' surveillance plan. Greece approved a 10% tax on crypto gains and a 15% levy on DeFi and staking income starting 2027, while Nigeria introduced new licensing rules and banned algorithmic stablecoins.
Stablecoins
Total stablecoin market capitalisation slipped to $293.7B, down 1.7% on the week, with USDT at $176.8B and USDC at $70.4B. CoinDesk reported that stablecoin growth has stalled even as the broader payments boom continues, while Circle disclosed a 5% workforce reduction despite beating Q3 revenue estimates.
What we’re watching
Markets will watch Tuesday's US CPI print and Friday's producer price data for signs of how policy expectations are shifting after the AI-driven stock rout. Attention also turns to Russia's new crypto trading rules, due to take effect on 17 November.
For information only. Not investment advice, an offer or a solicitation to buy or sell any asset. Prices are approximate as of the date above.