BTC
ETH
SOL
XRP
BNB
DOGE
ADA
LINK
AVAX
LTC
HBAR
ICP
CoinucationBitcoin tops $80,000 as Democrats win control of Congress
House Democrats are preparing their own crypto market structure bill that would give the SEC a larger role and add ethics rules aimed at Trump.
By Coinucation Research, reviewed by Coinucation Editorial · Published Nov 5, 2026, 07:00 UTC · Covers the last 24 hours to
The 30-second version
- Bitcoin rose 3.3% to $80,413 and Ether gained 5.8% to $2,423, lifting total crypto market value to $2.71T as Democrats swept Congress.
- House Democrats plan a crypto market structure bill of their own with expanded SEC authority and ethics provisions targeting Trump.
- South Korea is weighing a rule requiring exchanges to keep 99% of crypto in cold wallets following the Binance hack.
- US bitcoin ETFs had net outflows of $115.6M on November 3 and $716.6M over 7 days, while ether ETFs lost $85.3M and $620.2M.
- Riot sold 20,264 bitcoin for $1.5B to fund data center expansion, and Hut 8 also sold bitcoin to fund AI projects and share buybacks.
- Reports put short liquidations at $380M in one hour as bitcoin reached $81K, though our data shows open interest up just 0.7%.
Market snapshot
change vs the previous wrapYour watchlist
Star coins anywhere on the site and they show up here every morning with their move and any news. Pick coins or sign in to bring your list from the app.
What moved
top 100 by market cap · 24 hoursGainers
- Pearl PEARL$1.65 +13.8%
- Derive DRV$0.3677 +13.5%
- Raydium RAY$1.76 +10.7%
- Cosmos Hub ATOM$1.52 +7.0%
- Ethereum ETH$2,423 +5.6%
A reason appears only where our data or a primary source supports one; otherwise it is just the move.
The big stories
ranked by how many outlets covered them · 284 headlines read1South Korea weighs 99% cold wallet rule for exchanges after Binance hack
South Korea is moving to tighten how exchanges store crypto following the Binance hack. One proposal under consideration would require exchanges to hold 99% of assets in cold wallets.
Reporting: CryptoSlate · CryptoPotato.
2Bitcoin ETFs post $1.16B in outflows over three days
Bitcoin ETFs recorded about $1.16B in net outflows across three days while the price stayed above $76,000. Bitcoin then rebounded after the Democratic sweep. Our tracker shows $115.6M in outflows on November 3 and $716.6M over 7 days.
BTC Primary: Coinucation ETF tracker. Reporting: CryptoSlate · Crypto Briefing.
3Mercado Bitcoin hackers convert $11M in stolen altcoins to ETH
Hackers behind the Mercado Bitcoin theft swapped $11M in stolen altcoins for ETH.
BTCETH Reporting: Crypto Briefing.
4Binance bitcoin outflows exceed reported hack losses
Bitcoin leaving Binance has surpassed the losses reported from its hack, and the exchange's reserves have declined.
5Bitwise CIO sees little lasting Bitcoin impact from $6.3B Binance hack
The chief investment officer of Bitwise said Binance's $6.3B hack is unlikely to have a lasting effect on Bitcoin.
BTC Reporting: Crypto Briefing.
6Bitcoin climbs above $80,000 for first time since Binance hack
Bitcoin moved above $80,000 for the first time since the Binance hack, following the Democratic sweep of Congress.
BTC Reporting: CryptoSlate.
7Riot sells 20,264 bitcoin for $1.5B; Hut 8 also sells
Riot sold 20,264 bitcoin for $1.5B to fund data center expansion. Hut 8 also sold bitcoin to fund AI ventures and share buybacks.
BTC Reporting: Crypto Briefing · Bitcoin Magazine.
8Bitcoin's move to $80,000 brings large liquidations
One report counted $415M in liquidations as bitcoin reached $80,000, while another put the total near $1B as bitcoin rose 4.6%. Our OKX data shows $74.7M in liquidations on that exchange.
BTC Reporting: Crypto Briefing · BeInCrypto.
9$380M in shorts liquidated in an hour; Trump Media moves 4,259 BTC
Short positions worth $380M were liquidated in one hour as bitcoin reached $81K. Separately, Trump Media transferred 4,259 BTC, close to the amount it pledged as loan collateral.
BTC Reporting: CryptoPotato · BeInCrypto.
10Ripple's $2.6B RLUSD stablecoin grows mainly on Ethereum
Ripple's RLUSD stablecoin, now worth $2.6B, is growing on Ethereum rather than XRP. Ripple's Brad Garlinghouse addressed whether XRP and RLUSD can grow together.
ETHXRPRLUSD Reporting: AMBCrypto · BeInCrypto.
Flows
Leverage
OKX perpetual swaps| Market | Liquidated | Longs / shorts | Funding (8h) | Open interest |
|---|---|---|---|---|
| BTC | $41.76M | $2.91M / $38.85M | 0.0100% | $2.69B -0.9% |
| ETH | $25.62M | $5.37M / $20.24M | 0.0045% | $1.54B +4.0% |
| SOL | $5.56M | $1.02M / $4.54M | 0.0023% | $334.74M -0.3% |
| XRP | $899.7K | $211.8K / $687.9K | 0.0100% | $104.06M +1.0% |
| DOGE | $765.7K | $83.9K / $681.9K | 0.0100% | $94.92M +0.5% |
| BNB | $132.2K | $10.3K / $121.9K | 0.0024% | $49.21M -1.5% |
Leverage is steady: open interest moved +0.7% and liquidations were modest. Total liquidated $74.73M on OKX perpetual swaps; one venue, so the market-wide total is larger. Liquidation calculator.
Treasuries
No new company purchases in SEC filings in this window.
Network
Ethereum gas is well below its 24-hour average.
Regulation and policy
Bitcoin swings back above $78,000 after midterm results; ZEC up 13%
Bitcoin moved sharply after the Democratic sweep of Congress and reclaimed $78,000, with one report tying a short squeeze to the result. Zcash (ZEC) rose 13% on the day.
BTCZEC Reporting: CryptoPotato · Bitcoinist · Bitcoin Magazine.
House Democrats plan crypto bill with bigger SEC role
Crypto prices rose as Democrats dealt Trump a midterm defeat. House Democrats are planning their own market structure bill that would expand the SEC's role and add ethics rules targeting Trump.
Reporting: Crypto Briefing · Coinpedia · Bitcoin Magazine · BeInCrypto.
Block reserves $764M for DOJ settlement; American Bitcoin earns $126M
Block set aside $764M for a Justice Department settlement as its bitcoin profit halved. American Bitcoin reported a $126M profit, with its holdings gaining $197M during bitcoin's rally.
BTC Reporting: Bitcoin Magazine · BeInCrypto.
Block earned 4x more holding bitcoin than selling it via Cash App
Holding bitcoin earned Block four times more than selling it to Cash App users. Separately, bitcoin held above $75,000 despite selling pressure.
BTCCASH Reporting: BeInCrypto · Bitcoinist.
Oil drops sharply as Democrats secure Congress; bitcoin regains $80,000
Oil prices fell sharply after Democrats won a majority in Congress. Bitcoin reclaimed $80,000 over the same period.
BTC Reporting: BeInCrypto · Crypto Briefing.
Today ahead
next 48 hoursLearn: term of the day
Liquidation is the forced closing of a leveraged position or loan when the collateral falls below the required threshold.
It comes up in today's story: $380M in Shorts Liquidated in an Hour as Bitcoin (BTC) Skyrockets to $81K. Full definition