--- title: "Crypto market close, Nov. 8: Bitcoin edges down 1.3% to $74,712 as TON jumps 67.2%" description: "Bitcoin ended the UTC day at $74,712 after a $73,996–$76,055 range; 2 of the 50 largest crypto assets rose and 39 fell. Movers, whale flows, stablecoins and sentiment inside." url: https://basisdesk.news/news/crypto-market-close-november-8-2026 published: 2026-11-09T00:05:46.899Z modified: 2026-11-09T00:05:46.899Z section: Macro & Markets author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: neutral tickers: [BTC, ETH, TON] tags: [market close, crypto market, bitcoin price, daily report] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # Crypto market close, Nov. 8: Bitcoin edges down 1.3% to $74,712 as TON jumps 67.2% Bitcoin ended the UTC day at $74,712 after a $73,996–$76,055 range; 2 of the 50 largest crypto assets rose and 39 fell. Movers, whale flows, stablecoins and sentiment inside. ## Key points - Bitcoin closed at $74,712 (−1.3%) after a $73,996–$76,055 range. - TON was the top-30 standout at +67.2%; 2 of the top 50 rose, 39 fell. - Whale tracker: 309 large transfers; exchange deposits $899.3M vs withdrawals $572.2M. Bitcoin closed the UTC day on November 8, 2026 at $74,712, down 1.3% from its $75,707 open, after trading in a $73,996–$76,055 range. Ether ended at $2,124 (−5.0%). The total crypto market capitalization stood at $2.47T (−1.8% over 24 hours), with Bitcoin's share at 60.4%. Breadth was negative: of the 50 largest assets we track (excluding stablecoins and wrapped tokens), 2 rose and 39 fell, and the median move was −3.0%. The standout among the top 30 was [TON Coin](/coins/the-open-network) (TON), +67.2% to $1.78. ## Majors at the close | Asset | Close | Day | 7 days | Day range | |---|---:|---:|---:|---:| | [Bitcoin](/coins/bitcoin) (BTC) | $74,712 | −1.3% | −4.0% | $73,996–$76,055 | | [Ethereum](/coins/ethereum) (ETH) | $2,124 | −5.0% | −6.3% | $2,118–$2,242 | | [Binance Coin](/coins/binancecoin) (BNB) | $684.03 | −1.6% | −4.0% | $678.80–$700.54 | | [XRP](/coins/ripple) (XRP) | $1.11 | −4.3% | −11.3% | $1.11–$1.17 | | [Solana](/coins/solana) (SOL) | $86.45 | −3.5% | −9.3% | $85.63–$89.76 | | [TRON](/coins/tron) (TRX) | $0.3190 | −0.2% | +2.8% | $0.3188–$0.3205 | | [Hyperliquid](/coins/hyperliquid) (HYPE) | $74.45 | −4.1% | −15.3% | $74.04–$77.98 | | [Zcash](/coins/zcash) (ZEC) | $1,212 | −3.7% | −2.5% | $1,194–$1,280 | | [Dogecoin](/coins/dogecoin) (DOGE) | $0.0689 | −3.6% | −8.9% | $0.0683–$0.0715 | | [Monero](/coins/monero) (XMR) | $598.37 | −0.6% | −0.3% | $593.21–$608.27 | ## Biggest movers in the top 50 **Up:** [TON Coin](/coins/the-open-network) +67.2% · [Pepe](/coins/pepe) +2.7% **Down:** Aster −5.9% · [Ethena](/coins/ethena) −5.9% · [Uniswap](/coins/uniswap) −5.8% · [Ethereum](/coins/ethereum) −5.0% · [Algorand](/coins/algorand) −4.5% Beyond the top 50 (assets above $50 million in market value, rolling 24 hours): Holo (HOT) led gains at +15.2%; AKEDO (AKE) fell the most, −8.4%. ## Sentiment The Crypto Fear & Greed Index read 29 (Fear), up from 28 a day earlier. Basis Desk's own news-flow gauge counted 5 bullish, 6 bearish and 9 neutral items among 20 published during the day. ## Stablecoins Stablecoin supply totaled $294.9B, up $687.4M over 24 hours. Largest: USDT $176.8B, USDC $70.6B, USDS $5.4B. ## Whale flows Basis Desk's on-chain scanner logged 272 transfers of $5 million or more on Ethereum (ETH and major tokens) and 37 Bitcoin transfers of 100 BTC or more, excluding change outputs and wallet consolidations. Deposits to labeled exchange wallets totaled $899.3M, against $572.2M withdrawn — net deposits, which can precede selling, though custody reshuffles look the same on-chain. - [$196.7M in USDT](https://etherscan.io/tx/0x23460300d19dcb2b42d532200f91a1695f0305e8685643bcde309ff81b6a9a18) (197,000,000 USDT) from Poloniex 10 to an unlabeled wallet - [$179.8M in USDT](https://etherscan.io/tx/0x4ff19fcbd313608b10b811248acb488266e9e7f7ae32eba383d19d5159af0d30) (179,999,990 USDT) from an unlabeled wallet to Poloniex 7 - [$100.0M in USDC](https://etherscan.io/tx/0xdedafeaa6212ac1050236fcbe0afefa682fd8c2b7cbc31a26db3832031cb19ed) (100,000,000 USDC) from an unlabeled wallet to Poloniex 9 Live feed: [whale transfers](/data/whales). ## Network fees Ethereum gas was 0.30 gwei (standard); Bitcoin fees for next-half-hour confirmation were 1 sat/vB at the close. ## The day's top stories - [Avalanche Slides 28% Across Four Weeks to Underperform Market Leaders](/news/avax-slides-four-weeks-underperforms-bitcoin-ether) - [Bitcoin Developer Cory Fields Proposes Quantum Landmines to Deter Key Theft](/news/bitcoin-developer-cory-fields-quantum-landmines-proposal) - [Binance to Close French User Accounts on Dec. 31 Following MiCA Setbacks](/news/binance-france-close-user-accounts-december) - [Binance CFO Kaiser Ng Departs Following Five-Year Tenure](/news/binance-cfo-kaiser-ng-departs-justin-yek-appointed) ## How this report is made This report is generated automatically from Basis Desk's market snapshots, with no AI-written text. Closing prices and day ranges come from our own 5-minute price history between 00:00 and 24:00 UTC (prices via Coinbase, Kraken and DefiLlama); 7-day changes, market values and the wider market from Coinlore; Fear & Greed from alternative.me; stablecoin supply from DefiLlama; fees from Ethereum mainnet and Blockstream; whale transfers from Basis Desk's own on-chain scanner. Previous close: [Nov. 7](/news/crypto-market-close-november-7-2026). Not financial advice. ## Sources - --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai