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Crypto Market Recap: 24-Hour Overview
The global crypto market cap fell 5.0% to $2.649 trillion over the past 24 hours. Bitcoin traded at $75,815.81, down 5.6% on the day and down 0.7% over the past week. Ethereum changed hands at $2,232.42, down 7.8% in 24 hours but up 2.2% over seven days. BNB fell 3.2% to $692.82, down 1.0% weekly. XRP dropped 7.0% to $1.21 but is up 0.7% over the week. Solana slid 6.0% to $89.67, down 3.8% over seven days. USDT and USDC both held close to their dollar peg. CoinGlass data showed $1.05 billion in liquidations over 24 hours, affecting about 203,500 traders. In a single four-hour stretch, $873 million was liquidated, with longs accounting for $793 million. Bitcoin led trending searches, down 5.9% to $75,852.58. NEAR Protocol fell 8.7% to $3.69, and Pudgy Penguins dropped 9.7% to $0.0066. Among top gainers, UnifAI Network rose 99.3% to $0.1502, Dessa climbed 59.1% to $0.03174, and DENIM gained 44.5% to $0.01776. Nasdaq 100 fell 6.4% on Thursday. The Philadelphia Semiconductor Index dropped more than 12%, its steepest one-day fall since March 2020. South Korea’s KOSPI fell more than 8% on Friday, triggering a 20-minute trading halt. Japan’s Nikkei 225 slid more than 5%, putting it in a technical bear market. Crypto-linked stocks fell as well, with MARA down 13.35% and BitMine down 11.43%. The Wall Street Journal reported that major investors doubt Anthropic can list at its expected valuation of about $1.5 trillion. One investor suggested a figure closer to $1 trillion. Reuters, citing four people familiar with the matter, said the company could postpone the listing if AI assets remain under pressure. Yu Jin said a whale holding a $50.34 million short on Anthropic pre-market contracts is sitting on a $3.76 million unrealized gain after those contracts fell 8%. Binance said it will open withdrawals for another batch of assets, including XRP, USDE, PENDLE, ZRO and CAKE, from 9:30 a.m. IST on November 6. Chainalysis said that part.