Bitcoin Rises 1.69% as Crypto Market Capitalization Falls to $2.66 Trillion

Bitcoin (BTC) was priced at $79,705 at 8:01 a.m. ET (13:01 UTC) Thursday, Nov. 5, after gaining 1.69% over the prior 24 hours. Over that same period, total crypto market capitalization dropped 2.36% to $2.66 trillion.

Trading volume across the market was $86.42 billion for the 24-hour window. Bitcoin represented 60.1% of crypto market value, while Ether (ETH) made up 11.0%.

ETH advanced 3.37% to $2,395, the largest percentage gain among the six major assets listed. Solana (SOL) rose 2.89% to $95.42, and XRP gained 2.09% to $1.31. Dogecoin climbed 1.71% to $0.0760, while BNB added 1.65% to $711.34. All six recorded gains over 24 hours even as the overall market value declined.

Among the top 39 assets, Bitcoin Cash (BCH) had the strongest performance, rising 5.26%. World Liberty Financial (WLFI) fell 10.30%, the steepest decline in that group.

Liquidations on Binance, Bybit and OKX totaled $375.6 million over 24 hours. Short positions accounted for $251.7 million of the total, compared with $123.9 million in long positions.