Bitcoin Closes Above 50-Week Average for Seventh Week Despite More Than $6 Billion Hack

Enna Lee

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Bitcoin Closes Above 50-Week Average for Seventh Week Despite More Than $6 Billion Hack

The latest close extended Bitcoin’s previous six-week run above the same measure.

By Enna Lee

Published Nov 1, 2026, 7:09 PM EST

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BTC Bitcoin

A gold coin balances above seven shallow grooves in stone / TokenPost.ai

Bitcoin (BTC) closed above its 50-week moving average for a seventh consecutive week despite a hack involving more than $6 billion at a cryptocurrency exchange.

The latest close extended a six-week run above the same average.

Enna Lee

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Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.