The week was defined by a 3.9% drop in total market cap to $2.59 trillion and Bitcoin slipping to $77,587. Price pressure was broad, affecting most of the top 100 assets.
Crypto market this week at a glance
Bitcoin (BTC) traded at $77,587, down 0.4% in the last 24 hours and 3.3% over the seven-day period. Ethereum (ETH) held at $2,277, showing a modest 0.6% rise in the past day but a 2.1% decline for the week. The overall market cap settled at $2.59 trillion, a 3.9% contraction in the most recent 24 hours, while Bitcoin dominance edged up to 59.9%, indicating that Bitcoin’s share of total value grew slightly as other assets fell faster. Ether’s share stayed at 10.7%, reflecting its role as the second-largest blockchain by market value.
Other major coins also saw declines. Solana (SOL) fell to $93.75, down 1.3% in 24 hours and 7.5% weekly. XRP slipped to $1.25, down 0.3% daily and 3.4% over the week. BNB dropped to $703, losing 1.5% in a day and 5.2% across seven days. These moves contributed to the broader market contraction and reinforced Bitcoin’s relative strength.
| Asset | Price | 24h | 7d |
|---|---|---|---|
| Bitcoin (BTC) | $77,587 | -0.4% | -3.3% |
| Ethereum (ETH) | $2,277 | +0.6% | -2.1% |
| Solana (SOL) | $93.75 | -1.3% | -7.5% |
| XRP (XRP) | $1.25 | -0.3% | -3.4% |
| BNB (BNB) | $703 | -1.5% | -5.2% |
| Total crypto market cap | $2.59 trillion | -3.9% | -2.9% (top 100) |
| Bitcoin dominance | 59.9% |
Prices from CoinGecko at the time of writing (November 2, 2026).
Biggest gainers and losers this week
Despite the overall downtrend, a handful of assets posted notable gains. Hyperliquid (HYPE) led the pack with a 10.5% increase, followed closely by Pepe (PEPE) at 10.3% and Morpho (MORPHO) gaining 9.3%. Midnight (NIGHT) and Stacks (STX) also posted solid weekly rises of 7.6% and 4.3% respectively. These gains suggest that smaller or niche tokens can still capture investor interest even when the broader market is bearish.
| Top gainers | 7d | Top losers | 7d |
|---|---|---|---|
| Hyperliquid (HYPE) | +10.5% | Bitway (BTW) | -30.3% |
| Pepe (PEPE) | +10.3% | Rain (RAIN) | -19.5% |
| Morpho (MORPHO) | +9.3% | MemeCore (M) | -16.0% |
| Midnight (NIGHT) | +7.6% | Pearl (PEARL) | -15.3% |
| Stacks (STX) | +4.3% | Ethena (ENA) | -13.8% |
Among the top 100 coins by market cap, excluding stablecoins and wrapped tokens.
On the flip side, the biggest losers were Bitway (BTW) down 30.3%, Rain (RAIN) down 19.5%, MemeCore (M) down 16.0%, Pearl (PEARL) down 15.3%, and Ethena (ENA) down 13.8%. The breadth of the market was narrow, with only 13 of 76 large coins (top 100, excluding stablecoins) rising over the last seven days, highlighting limited upside across the majority of assets.
Stablecoins, DeFi and money flows
Stablecoin supply measured $297.8 billion at the end of the week. The supply decreased 0.21% in the past 24 hours and fell 1.50% over the seven-day period. A shrinking stablecoin supply can indicate that users are moving funds out of stablecoins into other assets or withdrawing them from the ecosystem, which may reflect cautious sentiment.
Decentralized finance (DeFi) total value locked (TVL) stood at $85.2 billion. TVL rose 0.3% in the last day, showing a small influx of capital, but it was down 3.8% for the week, suggesting that the overall DeFi sector faced net outflows during the period. These figures illustrate that while short-term activity can be positive, the longer-term trend remains negative.
| Metric | Latest | Change or comparison |
|---|---|---|
| Stablecoin supply | $297.8 billion | -0.21% (1d), -1.50% (7d) |
| DeFi total value locked | $85.2 billion | +0.3% (1d), -3.8% (7d) |
| Crypto Fear and Greed Index | 37 (Fear) | a week ago: 50 (Neutral) |
| Bitcoin funding rate (OKX) | 0.0061% per 8h | near neutral |
| Bitcoin futures open interest (OKX) | $3.7 billion | +12.2% over 7 days |
Other data at the time of writing.
Sentiment and derivatives
The Fear and Greed Index, a popular sentiment gauge, read 37 today, classifying market mood as "fear." This is a slight rise from 34 yesterday but still below the neutral level of 50 recorded a week ago. A fear reading often reflects heightened uncertainty among traders and can be associated with price declines.
Bitcoin funding rates on the OKX perpetual contract were 0.0061% per 8 hours. Funding rates are periodic payments between long and short positions; a low positive rate suggests that longs are paying a modest amount to shorts, indicating a slight bullish bias among leveraged traders. Open interest, the total value of outstanding derivative contracts, increased 12.2% over the week to $3.7 billion, showing that more capital is being committed to Bitcoin futures despite the broader market pullback.
Key events this week
- US Iran Talks: Impact on Bitcoin and Crypto
- What Is Market Cap in Crypto? A Beginner Explanation
- CoinDesk reported that "XRP Ledger set to fix flaw that could let stablecoin partners print new tokens"
- CoinDesk reported that "Bitcoin eases to $77,900 as Binance customers pull $3.6 billion after withdrawals reopen"
- CoinDesk reported that "Bitcoin's 'volatility curve' has a midterm bump"
What to watch next week
- Whether Bitcoin funding rates stay low as open interest continues to rise, which could signal sustained leveraged activity.
- Potential impact of the XRP Ledger fix on stablecoin issuance and whether it alters stablecoin supply dynamics.
- Changes in stablecoin supply as market participants react to recent Binance outflows and broader liquidity shifts.
- Any movement in DeFi TVL that might indicate a reversal of the weekly decline.
Bottom line
The market contracted, with total cap down 3.9% and Bitcoin dominance hovering just under 60%. Stablecoin supply and DeFi TVL both showed modest declines, suggesting continued pressure on liquidity and a cautious stance among investors.
Derivatives data points to a modestly fearful sentiment but rising open interest, indicating that traders remain active despite the broader pullback. Monitoring funding rates, open interest, and upcoming technical fixes will be key to understanding next week’s direction.
Frequently asked questions
Why did the total market cap fall this week?
What does Bitcoin dominance of 59.9% mean?
How did stablecoin supply change?
What does the Fear and Greed Index tell us?
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.
