The crypto market contracted 3% over the past 24 hours, bringing the total market cap to $2.62 trillion. Bitcoin edged down 0.4% to $77,325 while the overall sentiment turned more fearful, as the Fear and Greed Index fell to 26.
Market snapshot
Bitcoin (BTC) traded at $77,325, down 0.4% in the last day and 3.1% over the past week. Ethereum (ETH) held steady at $2,279, showing no change in 24 hours but a 1.4% decline over seven days. The total crypto market cap slipped 3.0% to $2.62 trillion, and Bitcoin’s share of that market, known as dominance, remains at 59.3%. Ethereum’s dominance sits at 10.6%.
Other major assets also showed mixed moves: Solana fell 1.3% to $92.54, XRP rose 2.4% to $1.28, and BNB slipped 0.6% to $699. These price changes contribute to the broader market contraction and reflect the ongoing volatility surrounding upcoming US midterm elections.
| Asset | Price | 24h | 7d |
|---|---|---|---|
| Bitcoin (BTC) | $77,325 | -0.4% | -3.1% |
| Ethereum (ETH) | $2,279 | +0.0% | -1.4% |
| Solana (SOL) | $92.54 | -1.3% | -6.9% |
| XRP (XRP) | $1.28 | +2.4% | -1.6% |
| BNB (BNB) | $699 | -0.6% | -5.3% |
| Total crypto market cap | $2.62 trillion | -3.0% | -2.6% (top 100) |
| Bitcoin dominance | 59.3% |
Prices from CoinGecko at the time of writing (November 3, 2026).
Top movers today
Among the biggest gainers, LayerZero (ZRO) led with a 5.1% rise to $1.84, followed by Midnight (NIGHT) up 4.7% at $0.0424. Pump.fun (PUMP) and Lighter (LIT) added 3.2% and 3.1% respectively, while Stacks (STX) climbed 2.9% to $0.325. On the losing side, Bitway (BTW) dropped 5.8% to $0.987, NEAR Protocol fell 5.0% to $3.87, and Morpho slipped 4.9% to $2.11. Zcash and Kaspa also posted losses of 4.4% and 4.0%.
Both the gainers and losers are largely smaller or mid-cap tokens, suggesting that capital is rotating within the broader market rather than concentrating on a single sector.
| Top gainers | 24h | Top losers | 24h |
|---|---|---|---|
| LayerZero (ZRO) | +5.1% | Bitway (BTW) | -5.8% |
| Midnight (NIGHT) | +4.7% | NEAR Protocol (NEAR) | -5.0% |
| Pump.fun (PUMP) | +3.2% | Morpho (MORPHO) | -4.9% |
| Lighter (LIT) | +3.1% | Zcash (ZEC) | -4.4% |
| Stacks (STX) | +2.9% | Kaspa (KAS) | -4.0% |
Among the top 100 coins by market cap, excluding stablecoins and wrapped tokens.
Flows and sentiment
Stablecoin supply decreased 0.59% in the last day to $295.9 billion, indicating a modest outflow of US-dollar-backed tokens. DeFi total value locked (TVL) fell 0.9% to $81.9 billion, showing a slight retreat of capital from decentralized finance protocols. The Fear and Greed Index, a gauge of market emotion, moved from 37 (fear) yesterday to 26 (fear) today, reinforcing the cautious tone.
The Bitcoin funding rate on OKX’s BTC-USDT perpetual contract stood at 0.0100% per 8 hours, a small positive rate that can encourage long positions. Bitcoin open interest, the total value of outstanding futures contracts, dropped 3.1% to $3.6 billion, hinting at reduced speculative activity. Together, these metrics suggest that traders are pulling back, possibly in response to election-related uncertainty.
| Metric | Latest | Change or comparison |
|---|---|---|
| Stablecoin supply | $295.9 billion | -0.59% (1d), -1.89% (7d) |
| DeFi total value locked | $81.9 billion | -0.9% (1d), -4.0% (7d) |
| Crypto Fear and Greed Index | 26 (Fear) | a week ago: 48 (Neutral) |
| Bitcoin funding rate (OKX) | 0.0100% per 8h | near neutral |
| Bitcoin futures open interest (OKX) | $3.6 billion | -3.1% over 1 day |
Other data at the time of writing.
What is driving the market
CoinDesk reported that Binance net outflows reached $5.3 billion after a record hack, and that Bitcoin steadied after a dip to $76,300 as ETF outflows and midterm elections weighed on crypto. The combination of large exchange outflows and election-related risk appears to be pressuring market sentiment, as reflected in the falling Fear and Greed Index.
Another CoinDesk headline noted that Bitcoin is breaking a midterm election pattern that dates back to 2014. Historical patterns often influence trader expectations, and the current deviation may be contributing to the heightened fear reading. Meanwhile, the stablecoin supply contraction aligns with the reported Binance outflows, suggesting that investors are moving funds out of dollar-linked assets.
Our own guide on tokenomics explains how changes in token supply can affect price dynamics, and the recent stablecoin supply dip is a concrete example. For readers seeking a deeper understanding of market cap, our article on market cap basics provides context for why Bitcoin’s dominance remains high even as the overall market shrinks.
What to watch
- Monitor further Binance outflows and any updates on the hack recovery, as large exchange movements often ripple through the market.
- Watch the US midterm election results and related policy discussions, which have historically impacted Bitcoin price patterns.
- Keep an eye on the Bitcoin funding rate and open interest; shifts in these metrics can signal changes in trader positioning and potential volatility.
Frequently asked questions
Why did the total market cap fall 3% in the last 24 hours?
What does a Fear and Greed Index of 26 indicate?
How do funding rates affect Bitcoin traders?
Sources
This article is for educational purposes only and is not financial advice. Crypto assets are volatile, so always do your own research. Read our editorial policy.
