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The Central Bank has approved the final rules: a non-qualified investor will be able to buy cryptocurrency through a broker or a crypto exchange, but no more than 300,000 rubles per year (about $3,700) at each intermediary. The Moscow Exchange plans to start trading on December 1.
Bitcoin dropped to $74,762 — its lowest since August 21. The trigger was a strong US labor market report: US stocks rebounded on it, but crypto did not follow. We wrote about the drop to $75,700 on the election results on November 4; since then the price has not fallen lower.
The Central Bank of Nigeria has approved rules for the issuance and circulation of stablecoins (cryptocurrencies whose exchange rate is pegged to a conventional currency - the dollar, euro, or the local naira). The document came into force on November 5; existing issuers were given 30 days to register and 180 days to apply for a license.
By 21:48 Moscow time on November 5, according to CoinGlass, leveraged positions worth more than $1 billion were forcibly closed over 24 hours, and these were mostly bets on growth. There has not been a larger wave since October 28-29, when BTC fell from almost $82,000 to $76,000.
The Kalshi platform has launched trading in perpetual futures (a contract with no expiration date that can be held indefinitely) on individual stocks. In the contracts on Apple (AAPL) and Amazon (AMZN), the estimated leverage came out to about 5:1. At the same time, the legal basis on which these instruments exist at all is being challenged in court.
Kazakhstan placed $100 million of state reserves in cryptocurrency funds, including Brevan Howard Digital (the crypto division of one of the world's largest hedge funds). This is reported by Bloomberg.
On November 4, journalist Eleanor Terrett reported that the US House of Representatives is discussing a new crypto market structure bill. It expands the powers of the SEC (US Securities and Exchange Commission) and reduces the role of the CFTC (Commodity Futures Trading Commission), which the Republican version assigned to it.
In 24 hours, exchanges forcibly closed $974.8M in positions, and almost 60% of the amount was bets on a decline. BTC gained 4.64% and reached $80,480, ETH rose 6.84% to $2,418.
The crypto market priced in the US midterm election results with gains: BTC rose to $80,500, ETH added almost 6% to $2,433. $469 million in leveraged positions were liquidated in 24 hours.
After the US midterm elections, risk assets were bought back at once: BTC added more than 4% and recovered from its plunge below $76,000, WTI oil fell below $93, and S&P 500 futures returned to the month's highs.
While the US was counting votes in the congressional elections, BTC fell to a seven-week low and by Wednesday evening had recovered almost the entire decline.
The funding rate for Bitcoin perpetual futures on Binance rose to 0.01 — the highest in more than two months. Over the past 24 hours, positions worth over $430M were forcibly closed on the market, mostly longs.
The SEC's Division of Corporate Finance (the US securities market regulator) announced on November 3 that it will not seek penalties for the issuance of the CC token of the Canton Network: in its assessment, it is a digital commodity, not a security. The token gained 4%.
The relevant committee of the Verkhovna Rada supported bill No. 10225-d on regulating the crypto market - the document was prepared over three years. A second reading is ahead in November, with entry into force planned for July 1, 2027.
In the midterm elections on November 3, 2026, the Democrats gain control of the House of Representatives and the Senate. The key crypto market structure bill - the CLARITY Act - loses its chances of being passed in its previous form.
At night, while votes were being counted in the US congressional elections, BTC dropped below $76,000 with a low of $75,700. By 09:16 Moscow time on November 4, it was trading around $77,918 (+1.6% over the day) — the entire dip was bought back within a few hours.
Overnight into November 4, BTC lost more than $2,000 in a few hours and fell to $75,700. The trigger was the first results of the US midterm congressional elections, which indicated a Democratic advantage in both chambers.
On November 2, $140 million net was withdrawn from US exchange-traded funds on Ethereum (the fund trades on an exchange like a stock and holds the asset itself). This is the sixth trading session in a row with outflows, and 98.6% of the amount came from a single BlackRock product.
After the $6.3 billion theft from Binance, US exchange-traded funds on BTC and ETH continue to lose money: minus $399 million and minus $140 million in Monday alone. Prices are falling along with flows.
Tether CEO (the company issuing the largest stablecoin USDT - a coin with an exchange rate pegged to the dollar) Paolo Ardoino cited a figure of 150,000 BTC, worth roughly $11.5 billion. The company's quarterly report lists about 100,000 BTC, and he did not specify where the difference came from.
On the morning of November 3, BTC fell below $77,000, while Asian exchanges opened down 3-4% due to chipmaker stocks. Over two sessions, $1.04 billion was withdrawn from US spot Bitcoin exchange-traded funds (funds through which the asset is bought like a stock).
On Tuesday morning BTC lost about 2% and is trading just below $77,000, erasing Monday's rebound. The trigger was a sell-off in the US tech sector: the Nasdaq 100 index dropped 10% from its recent high, meaning it entered a correction.
On the evening of November 2, at around 20:55 Moscow time, the Bitcoin price broke below the $77,000 mark. The move was recorded in trading on the crypto market, which operates without weekends, so Sunday evening here is a full-fledged trading session.
After a $6.3 billion hack - the largest in crypto history - Binance transferred 7,499 BTC from its SAFU insurance fund. The fund's Bitcoin reserves have roughly halved: from ~15,000 BTC to ~7,500 BTC (about $583 million), and the exchange has not given a timeline for replenishing it.
