In brief
On Nov. 5, Bitcoin and Ethereum jumped 5% and 7.36% respectively, taking the crypto market cap to $2.69 trillion. Heavy liquidations and a Binance hack raised concerns, while a separate report warned of a rapid Ethereum rise tied to short squeezes.
On Nov. 5, 2026, early‑morning trading in Moscow saw Bitcoin climb 5% to $80,513 and Ethereum jump 7.36% to $2,425, TASS reported at 7:33 a.m. Moscow time.
The rise was part of a broader lift in the crypto market that was worth $2.69 trillion that day. Bitcoin alone accounted for $1.61 trillion of that value, while Ethereum made up $296 billion.
Coinglass data indicated 104,000 traders’ positions were liquidated across exchanges, totaling roughly $794.71 million. Most liquidations were for Bitcoin, with long positions worth $238.35 million and short positions around $556.36 million.
Binance, one of the largest exchanges, confirmed a hack that could have caused up to $6.3 billion in losses. Users withdrew $3.64 billion after the withdrawal function was temporarily disabled and then restored.
CoinMarketCap reported that earlier this week Ethereum surged 4.13% within five hours, driven by a leverage‑driven short squeeze. The rise was linked to a post‑election rebound in Bitcoin and $380 million in short liquidations.
The two sources agree on a sharp rise in Ethereum but differ on the exact price and pace. TASS cited a $2,425 price at the close, while CoinMarketCap highlights the speed of the jump rather than a specific level.
