> ## Content Index > Fetch the complete content index at: https://bullquill.com/llms.txt > Use this file to discover other available public pages before exploring further. # Bitcoin Ends Flat at $75,776 on Nov 7, 2026 After $412M ETF Outflows - URL: https://bullquill.com/crypto-daily-brief-2026-11-07/ - Published: 2026-11-08T00:19:33.000Z - Updated: 2026-11-08T00:19:33.000Z - Description: Bitcoin closed the UTC day Nov 7, 2026 at $75,776.38 on CoinGecko, up just $1.10, in thin weekend trading after US spot bitcoin ETFs shed $412 million on Friday. XRP fell 1.32%. - Author: Rowan Ashby - Tags: Crypto, Daily Brief, Bitcoin, Ethereum, Bitcoin ETF, MEXC, FinCEN, #lang-en, #tr-crypto-daily-brief-2026-11-07 ## Key takeaways - Bitcoin ended the UTC day Nov 7, 2026 essentially unchanged at $75,776.38 at 00:00 UTC on Nov 8, 2026, up $1.10 (+0.00%) from its 00:00 UTC price on Nov 7, according to CoinGecko. - Ether edged up 0.03% to $2,237.05, while Solana slipped 0.40% to $89.70 and XRP fell 1.32% to $1.1629 over the same UTC day on CoinGecko. - Binance's BTC/USDT market traded in a narrow band between 75,571.08 and 76,249.99 USDT on Saturday, Nov 7, 2026, on volume of 5,215.91 BTC, less than a third of Friday's 17,207.68 BTC. - US spot bitcoin ETFs had net outflows of $412 million on Friday, Nov 6, 2026, led by about $403 million leaving BlackRock's IBIT, Crypto Briefing reported, citing SoSoValue. Spot ether ETFs lost $93.19 million. - The US Treasury's FinCEN issued an order to cut off crypto exchange MEXC from the US financial system over at least $16 billion in alleged illicit flows, CoinDesk reported on Nov 7, 2026. ## Session recap Bitcoin finished Saturday, November 7, 2026, almost exactly where it started, closing the UTC day at $75,776.38 on CoinGecko after a week of heavy selling in tech stocks and ETF redemptions. Weekend trading was thin and prices moved within a range of less than 1% on Binance. For other markets, see [Asian and global market closes](https://bullquill.com/markets/) and our [November 5, 2026 crypto brief](https://bullquill.com/crypto-daily-brief-2026-11-05/), which covered the AI-led sell-off that took bitcoin down 5.52% that day. __Crypto market, UTC day November 7, 2026__ | Instrument | Close/Level | Change | % change | As of (UTC) | Source | | ------------- | ----------- | -------- | -------- | ---------------- | ------------------------- | | Bitcoin (BTC) | $75,776.38 | +$1.10 | +0.00% | 2026-11-08 00:00 | CoinGecko 00:00 UTC price | | Ether (ETH) | $2,237.05 | +$0.77 | +0.03% | 2026-11-08 00:00 | CoinGecko 00:00 UTC price | | Solana (SOL) | $89.70 | −$0.36 | −0.40% | 2026-11-08 00:00 | CoinGecko 00:00 UTC price | | XRP | $1.1629 | −$0.0156 | −1.32% | 2026-11-08 00:00 | CoinGecko 00:00 UTC price | Changes are calculated from CoinGecko's 00:00 UTC prices on November 7, 2026: bitcoin $75,775.28, ether $2,236.28, solana $90.06 and XRP $1.1785\. As a cross-check, Binance's BTC/USDT daily candle closed at 75,867.59 USDT, up 0.03% from Friday's close of 75,844.00; ETH/USDT closed at 2,240.24 (+0.07%), SOL/USDT at 89.81 (−0.36%) and XRP/USDT at 1.1640 (−1.27%). Bitcoin dominance and total market value are left out of the table because the two providers checked disagreed: CoinGecko showed total crypto market value of $2.56 trillion, down 2.76% over 24 hours, with bitcoin dominance of 59.30% at 00:07 UTC on November 8, 2026, while CoinPaprika showed $2.66 trillion, down 0.33%, with dominance of 57.2% at 00:12 UTC. CoinGecko put bitcoin's market value at $1.52 trillion at 00:00 UTC on November 8, 2026\. On Binance, ether traded between 2,223.15 and 2,251.54 USDT on Saturday, Solana between 88.73 and 90.67, and XRP between 1.1500 and 1.1827\. XRP was the weakest of the four large coins in the table on both CoinGecko and Binance. ## What drove it ### A quiet weekend after a volatile week The narrow range on Saturday came with a sharp drop in activity. Binance recorded 686,169 trades on its BTC/USDT market on November 7, 2026, against 3,623,348 on Friday, November 6, 2026\. The cause of Saturday's flat finish was not explained in exchange or news reports Bullquill checked as of 00:15 UTC on November 8, 2026\. The calm followed a steep slide earlier in the week: bitcoin fell 5.52% on November 5, 2026, when a rout in US chip stocks triggered more than $1 billion of liquidations, as our [guide to crypto liquidations](https://bullquill.com/crypto-liquidations-explained/) explains in general terms. ### ETF redemptions continued on Friday US spot bitcoin ETFs recorded net outflows of $412 million on Friday, November 6, 2026, Crypto Briefing reported, citing SoSoValue data, calling it the second straight day of heavy redemptions. BlackRock's iShares Bitcoin Trust (IBIT) accounted for about $403 million of the outflow, while Fidelity's FBTC took in $42.8 million. Crypto Briefing put the previous day's bitcoin ETF outflow at about $430 million and said spot ether ETFs lost $93.19 million on November 6, 2026\. Weekend flow data is not published because the funds trade only on US market days. Our [explainer on bitcoin ETF flows](https://bullquill.com/bitcoin-etf-flows-explained/) covers how these figures are compiled. ### A strong jobs report kept rate-hike bets alive The US economy added 165,000 jobs in October 2026, well above the Dow Jones estimate of 59,000, CNBC reported on November 6, 2026\. The unemployment rate fell to 4.1% and average hourly earnings rose 0.4% on the month. CNBC said traders raised their bets on a quarter-point Federal Reserve rate hike at the December 8-9, 2026 meeting after the data. Bitcoin dipped only slightly after the release: CoinDesk reported it near $76,000 before the data and drifting to about $75,400 by 11:23 a.m. EST (16:23 UTC) on November 6, 2026, its weakest level since the Fed's mid-September 2026 rate hike. Binance data show a November 6, 2026 low of 74,888.00 USDT on BTC/USDT. ## Political & policy watch - **FinCEN order against MEXC.** The Treasury's Financial Crimes Enforcement Network issued an order on Friday, November 6, 2026, that, once in effect, bars US financial institutions from sending funds to or receiving funds from MEXC, CoinDesk reported. Treasury alleges the exchange handled at least $16 billion over five years tied to sanctions evasion by Iran, North Korea and Russia, cybercrime and other illicit activity. The order rests on Section 9714 of the Combating Russian Money Laundering Act and takes effect 30 days after publication in the Federal Register, according to CoinDesk. MEXC said it was reviewing the order, continued to operate normally and had launched an independent review of its anti-money-laundering and sanctions controls, CoinDesk reported. - **Federal Reserve.** The Federal Open Market Committee meets on December 8-9, 2026, CNBC reported. The jobs data raised expectations of a rate hike at that meeting, according to CNBC. - **US Congress.** Democrats won control of both chambers of Congress in the November 2026 midterm elections, CoinDesk reported. CoinDesk linked that result to concerns about slower AI data-center expansion, which weighed on chip stocks and bitcoin miners earlier in the week. ## What to watch next - **Monday, November 9, 2026:** the next US trading session for spot bitcoin and ether ETFs, the first read on flows after Friday's redemptions. - **Tuesday, November 10, 2026, 13:30 UTC:** US consumer price index for October 2026, according to the Bureau of Labor Statistics schedule (08:30 a.m. Eastern). That is 20:30 in Jakarta and Bangkok and 21:30 in Singapore, Kuala Lumpur and Manila. - **Friday, November 13, 2026, 13:30 UTC:** US producer price index for October 2026, per the BLS schedule. - **December 4, 2026, 13:30 UTC:** US employment report for November 2026, per the BLS schedule. - **December 8-9, 2026:** the Fed's final policy meeting of 2026, CNBC reported. - **MEXC order:** its publication in the Federal Register, which starts the 30-day clock before the order takes effect. ## Risk checklist for readers - **Weekend liquidity is thinner.** Binance's BTC/USDT trade count on Saturday, November 7, 2026, was less than a fifth of Friday's; thin markets can move sharply on smaller orders. - **Inflation data can shift rate expectations.** CPI and PPI releases change views on Fed policy, which can affect crypto along with other risk assets. - **ETF flows are reported with a lag.** Daily figures appear after the US close and are often revised; compare issuer disclosures with aggregator data. - **Prices differ by venue and quote currency.** CoinGecko's aggregated USD price and Binance's USDT-quoted close differed by $91.21 at the end of November 7, 2026. - **Market-wide totals vary by provider.** CoinGecko and CoinPaprika reported different total market values and dominance readings for the same hour. - **Regulatory actions can affect exchange access.** Orders like FinCEN's against MEXC can restrict how funds move to and from a platform; check official notices directly. ## Frequently asked questions ### Why was Bitcoin flat on November 7, 2026? Bitcoin ended the UTC day November 7, 2026 at $75,776.38 on CoinGecko, up $1.10 (+0.00%), in thin Saturday trading: Binance's BTC/USDT volume was 5,215.91 BTC, less than a third of Friday's. The cause of the flat finish was not explained in exchange or news reports Bullquill checked. It followed $412 million of US spot bitcoin ETF outflows on November 6, 2026, Crypto Briefing reported, citing SoSoValue, and a stronger-than-expected October 2026 US jobs report, according to CNBC. ### Why do bitcoin ETF flows not appear on weekends? US spot bitcoin ETFs are listed on US stock exchanges, so shares are created and redeemed only on US market days. Flows for Friday, November 6, 2026 were the last before the weekend; the next figures cover Monday, November 9, 2026. ### Why is bitcoin's price different on CoinGecko and Binance? CoinGecko publishes an aggregated US dollar price from many exchanges, while Binance's main market quotes bitcoin in the USDT stablecoin and reflects trades on one venue. At the end of November 7, 2026, CoinGecko showed $75,776.38 and Binance's BTC/USDT candle closed at 75,867.59 USDT. This article is for information only and is not investment advice.