Crypto Market Today, Nov. 2: Crypto Market Today, Nov. 2: Bitcoin and Altcoins Retreat as Binance Withdrawals Spark Fresh Concerns
As of early evening on Nov. 2, Bitcoin (CRYPTO:BTC) fell 1.92% to $76,732.38, Ethereum (CRYPTO:ETH) fell 1.08% to $2,248.12, and Solana (CRYPTO:SOL) fell 3.06% to $91.56.
What’s driving crypto markets
Cryptocurrency markets continued to digest the aftermath of Binance’s $6.3 billion hack, with substantial customer withdrawals and lingering security concerns weighing on investor confidence.
Despite the uncertainty, Strategy(NASDAQ:MSTR) announced its first Bitcoin purchase in two weeks, acquiring 811 BTC for approximately $65.5 million at an average price of $80,846 per coin. The purchase brought the company’s total holdings to 849,327 BTC.
Crypto ETF snapshot
iShares Bitcoin Trust ETF (NASDAQ:IBIT) fell 0.02%, Fidelity Wise Origin Bitcoin Fund (NYSEMKT:FBTC) fell 0.16%, and iShares Ethereum Trust ETF (NASDAQ:ETHA) rose 0.63%.
What this means for investors
Cryptocurrencies extended their losing streak Monday as broader financial markets grappled with conflicting developments. Reports of potential peace talks between the U.S. and Iran initially lifted investor sentiment and pushed energy prices lower, easing some inflation concerns. However, optimism proved short-lived as technology stocks reversed earlier gains. The S&P 500(SNPINDEX:^GSPC) and Nasdaq(NASDAQ:NDAQ) finished down 0.5% and 1.1%, respectively, amid concerns about slowing economic growth and whether AI infrastructure investments will deliver sufficient returns.
Looking ahead, investors face another potentially volatile week, with U.S. midterm elections on Nov. 3 and several major technology companies scheduled to report earnings. These developments could influence broader risk appetite and cryptocurrency prices. For now, the market may need more time to regain its footing. Bitcoin’s $76,000 level is an important area to watch, as a sustained break below it could invite further selling pressure.
Top 10 crypto performance
Ranked by market cap. Price and 24-hour change for BTC, ETH and SOL: FMP, the same figures used in the text above. All other figures: CoinGecko, as of November 02, 2026 21:17 UTC.
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