Crypto Market Recap Nov 8, 2026: Bitcoin Holds Up as Alts Slip

What Moved

Crypto closed lower. Total market capitalisation slipped 1.8% to $2.57T over the 24 hours to 00:48 UTC.

Bitcoin set the tone, holding at -0.9% to $75,038 while the median large asset moved -2.5%; its share of the market rose to 58.6%. Ethereum lost 4.4% to $2,139.

Breadth was weak: 1931 assets fell against 490 that rose, and only 15.0% of the hundred largest managed a gain.

Pepe (PEPE) was the day's strongest mover at +3.8%, ahead of STABLE (+2.2%). At the other end, Rain (RAIN) fell 12.5%, with LIT (-7.8%) close behind. Every tracked sector closed lower, Derivatives & Perpetuals most of all at -5.5%.

Volume and Leverage

Turnover jumped. We measured $30.2B of trading across the venues we stream, +56.3% against the previous day — a selloff with volume behind it, which tends to clear positions rather than start trends. Spot on centralised exchanges accounted for $29.6B, on-chain swaps $1.20B and derivatives $84.2B.

Leverage took the hit: $566M of perpetual positions were liquidated over the day, most of it longs ($405M against $161M of shorts). Open interest stands at $60.2B.

Sentiment

Sentiment is neutral: our Fear & Greed index reads 52 (44 yesterday, 44 last week).