📃 Nov 04, 2026 – ASIA Cryptocurrency Market 8h Daily Trend Forecast

Crypto Market Analysis & Trend: Trending Down

The crypto market is in a notable downturn, mainly due to major security concerns at a large exchange. The Fear and Greed Index, from Alternative.me and Milkroad.com, hit 26pt on November 3rd, dropping 11pt from 37pt on November 2nd. That puts sentiment firmly in ‘fear’ territory. Coinstats.app also showed a ‘fear’ reading of 36pt on November 3rd at 18:10:00, signaling a broad shift in investor confidence.

Major cryptocurrencies are reflecting this sentiment. Bitcoin’s price fell to $76,772.01 on November 2nd at 23:30:00, marking a -1.73% price variation and a -2.02% 24h variation. Its capitalization also dropped -1.99% to $1.54 trillion on November 3rd at 00:00:00. Ethereum followed, with its price at $2,250.73 on November 2nd at 23:30:00, a -0.77% price variation, and its capitalization down -1.00% to $275.01 billion on November 3rd at 00:00:00. Binance Coin also saw a -1.69% price variation, hitting $698.40 on November 2nd at 23:30:00, and its capitalization declined -1.94% to $91.83 billion on November 3rd at 00:00:00. These declines across top assets suggest a systemic reaction to recent events.

Trading volumes, however, present a mixed picture. Bitcoin’s 24h volume on November 3rd at 00:00:00 was $25.22 billion, a sharp -66.79% decrease from the previous day. In contrast, Ethereum’s volume surged 127.36% to $11.26 billion on the same date, while Binance Coin’s volume rose 5.60% to $880.28 million. This divergence could signal a flight from Bitcoin into other assets or increased speculative trading in Ethereum and Binance Coin amid the volatility. Bitcoin’s hash rate also saw a substantial drop of -13.68% to 937.09B GB on November 3rd, which might reflect miners reacting to market conditions or network adjustments. With widespread price and capitalization declines alongside a shift to ‘fear’ sentiment, the market trend is assessed as likely trending down for the next 8 hours.

What is important

The crypto market is facing heightened security concerns, mainly from a major Binance hack. News reports from November 3rd detail how hackers exploited fake job interviews to steal about $6.3 billion in crypto. North Korean hackers reportedly laundered $6.4 billion across 12,000 wallets.

This security breach significantly impacted market sentiment, pushing the Fear and Greed Index into ‘fear’ territory. Major cryptocurrencies like Bitcoin, Ethereum, and Binance Coin saw price and capitalization declines, reflecting investor apprehension. Substantial outflows from Bitcoin and Ethereum ETFs, totaling $1.3 billion in two days as reported on November 3rd, further confirm this cautious stance.

Despite the negative news, Binance has started restoring withdrawals for some Ethereum and Solana tokens, and inflows turned positive after a $7 billion post-hack exodus. These actions suggest efforts to stabilize the exchange and rebuild trust, though the immediate market reaction remains bearish.

Top 5 – Latest Headlines & Cryptocurrency News

👎 Hackers behind $6.3bn Binance heist ´used malware and bogus job interviews´
– Hackers exploited a vulnerability at cryptocurrency exchange Binance, stealing approximately $63bn through a sophisticated phishing scheme involving bogus job interviews and malware. The attackers targeted users with fake job offers, tricking them into downloading malicious software that compromised their accounts. This incident highlights the increasing sophistication of cyber threats within the digital asset space.

👎 North Korean Hackers Laundering Record-Setting $6,400,000,000 Binance Haul via 12,000 Crypto Wallets Across 11 Chains: Elliptic
– North Korean hackers are reportedly laundering a staggering $6.4 billion in cryptocurrency, primarily through Binance. This operation involves an extensive network of over 12,000 crypto wallets spread across 11 different blockchain networks. The scale of this illicit activity highlights significant challenges in tracking and preventing crypto-related crime.

👎 Investors Pulled $1.3 Billion From Bitcoin and Ethereum ETFs in Two Days. How Low Could Prices Go?
– Investors withdrew $1.3 billion from Bitcoin and Ethereum ETFs within two days, signaling a potential downturn. This significant outflow suggests a loss of confidence or a shift in market strategy, raising questions about how far prices might fall. The data indicates a bearish sentiment in the short term for these major cryptocurrencies.

👎 South Korea demands stronger crypto safeguards following Binance hack
– South Korea is calling for enhanced cryptocurrency safeguards after the recent Binance hack. The Financial Services Commission (FSC) is pushing for stricter regulations to protect investors and prevent future security breaches in the digital asset space. This move highlights growing concerns about the security of cryptocurrency exchanges and the need for more robust oversight.

👍 Binance restores withdrawals for more Ethereum, Solana tokens after $6.3B hack
– Binance has resumed withdrawals for several Ethereum and Solana tokens following a significant hack. The exchange experienced a $6.3 billion hack, and the restoration of these withdrawal services indicates a step towards normalcy and security for affected users and token holders.

Factors Driving the Growth – Market Sentiment

Recent keyword analysis shows a strong focus on security incidents in crypto. “Binance” appeared 31 times in negative contexts, making it the most frequently mentioned negative keyword, followed by “cryptocurrency” (25 times) and “bitcoin” (21 times). Terms like “hack” (8 occurrences) and “hackers” (7 occurrences) also featured prominently, reflecting the market’s preoccupation with recent security breaches. Conversely, “bitcoin” and “cryptocurrency” were also the most mentioned positive keywords, with 18 and 7 occurrences respectively, suggesting a dual narrative where these assets are discussed positively despite the negative events. The high frequency of these terms across both sentiment categories shows their central role in current market discussions, with negative sentiment currently dominating due to the Binance incident.

Positive Terms – Sentiment Analysis

Negative Terms – Sentiment Analysis

Crypto Investor Fear & Greed Index

The Fear and Greed Index shows a clear shift toward increased fear in the crypto market. On November 3rd, Alternative.me, Milkroad.com, and Coinstats.app all reported the index in the ‘fear’ range. Alternative.me and Milkroad.com registered 26pt on November 3rd, a decrease of 11pt from 37pt on November 2nd. This move from a higher ‘fear’ score to a lower one indicates deepening negative sentiment. Coinstats.app provided more granular data, showing the index at 36pt on November 2nd at 00:00:00, then dropping to 33pt by November 3rd at 00:00:00, before a slight recovery to 36pt by November 3rd at 18:10:00. These values, all between 25 and 49, consistently place the market in a state of fear, reflecting investor apprehension.

Bitcoin: Active Addresses

Bitcoin address indicators from bitaps.com on November 3rd at 23:00:00 show 1,558,806,990 total addresses, with 1,501,588,188 of those holding a zero balance. The number of addresses holding various amounts of Bitcoin remained largely stable, with most categories showing 0.00% variation. For instance, addresses with over 1 BTC totaled 822,333, and those with over 10 BTC stood at 129,779, with the latter seeing a -0.01% change on November 3rd. Addresses with over 1,000 BTC increased slightly by 0.05% to 1,954, while addresses with over 10,000 BTC remained at 83. Data for ‘Bitcoin Active Addresses’ from btc.com for August 8th, 2026, shows zero values, indicating a lack of recent active address data from this source. The stability in address counts with balances suggests no significant movement of funds into or out of these categories.

Economic events to move the cryptocurrency market

Several economic events are scheduled for November 4th, with potential moderate to high impact on global financial markets. The International Trade in Goods and Services Balance, a high-impact event, is set for 13:30:00. Moderate-impact events include the ADP Employment Report Private Payrolls – M/M at 13:15:00 and the ISM Services Index Index at 15:00:00. These reports could influence broader market sentiment, which often spills over into the crypto space. On November 3rd, moderate-impact events included JOLTS Job Openings and Factory Orders Month over Month, both at 15:00:00, alongside Motor Vehicle Sales Total Vehicle Sales – Annual Rate. The outcomes of these economic releases could contribute to or counteract the current bearish sentiment in crypto.

Crypto Assets Prices

Major cryptocurrency prices declined on November 2nd at 23:30:00. Bitcoin’s price was $76,772.01, with a -1.73% price variation and a -2.02% 24h variation. Its 24h volatility hit 2.83%, a significant 1.84% increase from the previous day. Ethereum traded at $2,250.73, showing a -0.77% price variation and a -1.08% 24h variation. Its 24h volatility reached 3.60%, up 2.25%. Binance Coin also saw its price at $698.40, with a -1.69% price variation and a -2.01% 24h variation, and 24h volatility at 3.20%, up 1.00%. These figures point to a general downward trend for these key assets, accompanied by increased market instability.

Cryptocurrency Capitalization and Volume

Market capitalizations for major cryptocurrencies declined on November 3rd at 00:00:00. Bitcoin’s capitalization dropped -1.99% to $1.54 trillion, while its volume fell -66.79% to $25.22 billion. Ethereum’s capitalization dipped -1.00% to $275.01 billion, though its volume surged 127.36% to $11.26 billion. Binance Coin saw a -1.94% decline in capitalization to $91.83 billion, with its volume increasing 5.60% to $880.28 million. Ripple’s capitalization had a slight -0.12% dip to $79.11 billion, and its volume rose 77.28% to $1.39 billion. Tether’s capitalization decreased -0.05% to $179.88 billion, with its volume up 69.09% to $45.37 billion. The consistent negative capitalization variations across these assets suggest a broad market contraction, even as trading volumes show mixed, sometimes significantly increased, activity.

Cryptocurrency Exchanges Volume and Variation

Crypto exchanges reported substantial increases in trading volumes on November 3rd at 00:00:00. Binance saw its volume jump 114.94% to 85,809, following a 16.14% increase the previous day. Coinbase’s volume rose 125.51% to 20,997, while Crypto.com experienced an even larger surge of 182.29% to 9,341. Other exchanges also reported significant volume increases: Bybit was up 80.77% to 24,539; Gate.io increased 84.95% to 22,566; Kraken by 88.28% to 20,780; and KuCoin by 70.93% to 15,816. OKX’s volume grew 54.86% to 25,213. Bitfinex also recorded a 101.76% increase to 2,748. These widespread volume spikes across major exchanges suggest heightened trading activity, potentially driven by recent market volatility and news events.

Mining – Blockchain Technology

Bitcoin mining indicators show a notable shift in hash rate while other metrics remain stable. Mining difficulty held steady at 140.58T from October 28th through November 3rd, with 0.00% variation. Similarly, the reward per BTC block stayed constant at 3.13 BTC, also with 0.00% variation across the same period. The number of mined blocks showed minor, consistent increases, with a 0.01% variation on November 3rd, reaching 974.32K blocks. However, the hash rate, a measure of computational power, experienced a significant drop of -13.68% to 937.09B GB on November 3rd. This contrasts with previous days, which saw smaller fluctuations, including a -0.68% variation on November 2nd and a 2.92% increase on November 1st. The sharp decline in hash rate could indicate miners reacting to current market conditions or network adjustments.

Taking stock

The crypto market is facing significant uncertainty, largely influenced by a major security breach. The recent Binance hack, involving an estimated $6.3 billion in stolen funds through sophisticated social engineering tactics, has cast a long shadow over investor confidence. This event directly correlates with the observed shift in market sentiment, with the Fear and Greed Index dropping to ‘fear’ levels of 26pt on November 3rd, according to Alternative.me and Milkroad.com.

This negative sentiment has translated into tangible market movements. Major cryptocurrencies like Bitcoin, Ethereum, and Binance Coin all experienced price and capitalization declines on November 2nd and 3rd. While Bitcoin’s trading volume decreased, Ethereum and other altcoins saw substantial volume increases, which could signify either a reallocation of assets or heightened speculative trading in a volatile environment. The significant drop in Bitcoin’s hash rate on November 3rd also suggests a reaction from the mining sector to the prevailing market conditions.

Despite the widespread negative news, Binance’s efforts to restore withdrawals after the hack indicate resilience and a focus on recovery. However, the market’s immediate reaction remains cautious, with a clear emphasis on security concerns and their potential for broader impact.

So What

Current market conditions bring heightened risk for crypto participants. The recent $6.3 billion Binance hack, detailed in multiple news reports on November 3rd, confirms persistent security vulnerabilities within the digital asset space. This incident, and the subsequent shift in the Fear and Greed Index to ‘fear’ at 26pt, shows investors are becoming more cautious.

For those holding or considering major cryptocurrencies, the observed price declines for Bitcoin, Ethereum, and Binance Coin on November 2nd and 3rd suggest asset values could remain under pressure. Substantial outflows from Bitcoin and Ethereum ETFs, totaling $1.3 billion in two days, indicate institutional and retail investors are actively reducing their exposure. This environment calls for increased diligence regarding exchange security and a careful assessment of risk.

What next?

For the next 8 hours, market watchers should closely monitor the Fear and Greed Index for any further shifts from its current ‘fear’ classification. A sustained move toward ‘extreme fear’ (below 25pt) could point to deeper market distress, while a rebound might indicate sentiment stabilization. Keep an eye on the prices of Bitcoin, Ethereum, and Binance Coin; continued declines below their November 2nd 23:30:00 levels of $76,772.01, $2,250.73, and $698.40, respectively, would confirm the downward trend.

Upcoming economic events on November 4th, such as the high-impact International Trade in Goods and Services Balance at 13:30:00 and the moderate-impact ADP Employment Report at 13:15:00, could introduce new volatility. These macroeconomic data points often influence broader investor appetite for risk assets, including cryptocurrencies. Observing how exchange volumes evolve, particularly for Binance, will also be crucial. A continued increase in volume might suggest ongoing market activity, whether for selling or buying opportunities.

Disclaimer – Informational Content, Not Investment Advice

Content provided herein is solely for informational purposes and should not be construed as a recommendation, endorsement, or suggestion to engage in any form of investment activity. The information presented in this post is not intended to serve as financial, legal, tax, or investment advice.

About the Author: CryptoTrends Team

With over five years of diving deep into cryptocurrencies and blockchain, we’ve cemented our position as experts in the digital currency realm. Our team has not only contributed to a multitude of pioneering blockchain projects but has also enlightened thousands with our incisive articles CryptoTrends. Always at the cutting edge of crypto trends, we proudly collaborate with CryptoBotStation, ensuring our readers stay one step ahead in this dynamic space.