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Crypto market loses $100B rally as Bitcoin and XRP slide in early November
The crypto market’s total capitalization rose by about $100 billion after the U.S. midterm elections, reaching roughly $2.79 trillion by November 5. A broader sell‑off in technology stocks then pushed the market cap below $2.64 trillion by November 6. Bitcoin surged from just above $75,000 to $81,000 before ending the week at $75,877, down 2.5%. XRP briefly topped $1.32 but fell to a multi‑week low of $1.15, dropping more than 7% over the seven‑day period. The volatility reflected shifting election sentiment and concerns over proposed crypto regulations.