{"id":246512,"date":"2026-11-02T09:06:11","date_gmt":"2026-11-02T09:06:11","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=246512"},"modified":"2026-11-02T09:06:11","modified_gmt":"2026-11-02T09:06:11","slug":"bitcoin-taps-78k-ahead-of-big-week-near-dumps-6-again-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=246512","title":{"rendered":"Bitcoin Taps $78K Ahead of Big Week, NEAR Dumps 6% Again: Market Watch"},"content":{"rendered":"

Bitcoin added over $2,000 since its multi-week low on Friday following the Binance hack, and currently fights to reclaim the $78,000 level.<\/p>\n

While ETH has neared $2,300 and TRX is up by 1.7% daily, most other large- and mid-cap alts are in the red today, led by NEAR\u2019s substantial 6% decline.<\/p>\n

BTC Taps $78K<\/h2>\n

The primary cryptocurrency spent most of the previous week trading sideways in a relatively tight range between $82,000 and $79,000. The lower boundary managed to hold the bears off for days, while the upper was challenged a few times, until Wednesday. As markets prepared for the key FOMC meeting, BTC went close to $82,000 on a couple of occasions but ultimately failed.<\/p>\n

Once the Federal Reserve announced that there would be no rate change this time, BTC jumped again and neared $82,000 for the third time in two days. However, another rejection followed, and the asset quickly returned to $81,000.<\/p>\n

Then came Friday morning and the devastating Binance hack<\/a> in which the exchange lost $6.3 billion. The shockwaves sent through the crypto market were immediate, and bitcoin tanked to $76,400 within minutes. Although it bounced back by $2,000 immediately, the bearish sentiment prevailed<\/a>, and the asset slipped to a six-week low of $76,100 later that day, alongside most other financial markets.<\/p>\n

It used the weekend to recover gradually and now sits just above $78,000. Its market cap is up to $1.570 trillion, while its dominance over the alts continues to be just under 60% on CMC. More volatility is anticipated later this week due to these key macro events<\/a>.<\/p>\n

<\/a>BTCUSD November 2. Source: TradingView<\/p>\n

NEAR Plunges Again<\/h2>\n

Ethereum has neared $2,300 once again, while BNB is above $710. XRP fights for the $1.25 support, while TRX has recovered slightly from the weekend losses.<\/p>\n

In contrast, NEAR leads the red team today with a massive 6.3% decline to $4.13. Almost all other large- and mid-cap alts are on its team, with HYPE dipping by 1% and BCH dropping by over 2%. TAO, ENA, AAVE, AVAX, PUMP, and MORPHO have declined even harder.<\/p>\n

Nevertheless, the total crypto market cap has remained relatively stable at $2.610 trillion on CMC.<\/p>\n

<\/a>Cryptocurrency Market Overview November 2. Source: QuantifyCrypto<\/p>\n

\u00a0<\/p>\n

The post Bitcoin Taps $78K Ahead of Big Week, NEAR Dumps 6% Again: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin added over $2,000 since its multi-week low on Friday following the Binance hack, and currently fights to reclaim the $78,000 level. While ETH has neared $2,300 and TRX is up by 1.7% daily, most other large- and mid-cap alts are in the red today, led by NEAR\u2019s substantial 6% decline. BTC Taps $78K The […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-246512","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/246512"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=246512"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/246512\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=246512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=246512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=246512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}