Crypto Market Recap Nov 8, 2026: Bitcoin Holds Up as Alts Slip
Market cap $2.57T (-1.8%), spot volume $30.2B, 490 assets up and 1931 down, Fear & Greed at 52.
Coinmico ResearchPublished 
- Market cap
- $2.57T
- -1.8%
- Spot volume (24h)
- $30.2B
- +56.3%
- BTC dominance
- 58.6%
- +0.29 pts
- Fear & Greed
- 52
- Neutral
- Up / Down
- 490 / 1931
- assets up / down
- Liquidations
- $566M
- $405M L · $161M S
Top assets, 24h
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).
Top gainers (top 100)
Pepe PEPE$0.00000504+3.8%
Stable STABLE$0.0264+2.2%
Gate GT$9.65+1.7%
Arbitrum ARB$0.170+0.7%
Open USD OUSD$1.01+0.2%
Top losers (top 100)
Rain RAIN$0.00492-12.5%
Lighter LIT$3.05-7.8%
Pi Network PI$0.0690-7.7%
Bitway BTW$1.14-7.7%
MemeCore M$0.774-6.9%
Sectors, 24h
- RWA-2.0%
- Layer 1-2.2%
- Exchange Tokens-2.3%
- Privacy-3.0%
- Zero Knowledge-3.3%
- Storage & Compute-3.5%
- Memes-4.0%
- DeFi-4.4%
- DEX & AMM-4.5%
- Derivatives & Perpetuals-5.5%
What to Watch
The move was orderly, though liquidations were heavy for a drift of this size, which says leverage was leaning long into it. The next session decides whether it was a pause or the start of something.
1931 of 2421 assets with a measurable move closed lower. Selling that wide is a de-risking of the whole asset class, not a rotation out of specific names, and it typically needs a bitcoin bounce to stop.
All figures are measured on Coinmico's own index across 56 exchanges and 37 decentralised venues at 00:48 UTC. Tomorrow's recap will show whether today's reading held.