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Cryptocurrencies price prediction: Bitcoin, BitGet & Cryptos – American Wrap 02 November

Cryptocurrencies price prediction: Bitcoin, BitGet & Cryptos – American Wrap 02 November
FXStreet TeamFXStreet TeamFXStreet

Bitget CEO Gracy Chen on the $388M hack, user trust, AI and the future of trading

The cryptocurrency industry has lost approximately $8.65 billion to $8.98 billion to security breaches in 2026 alone, according to CertiK. This includes the Bitget exchange hack in September, worth $388 million and the Binance exploit last week, which resulted in the loss of roughly $6.3 billion.

What's moving Bitcoin this week?

BTC holds steady below $78k after its worst October performance in 12 years 

    Bitcoin braces for US midterm elections as historical sell-offs revive downside concerns

    Bitcoin (BTC) braces for the impact of the US midterm elections, just a week after the $6 billion hack from Binance. Historically, congressional elections have negatively affected not just the president’s party but also Bitcoin. In the last 22 midterms, the ruling party has gained House seats only twice, while the three most recent elections coincided with Bitcoin’s bear market bottoms. 

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    FXStreet Team

    Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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    Bitcoin braces for US midterm elections as historical sell-offs revive downside concerns

    Bitcoin braces for US midterm elections as historical sell-offs revive downside concerns

    Bitcoin (BTC) braces for the impact of the US midterm elections, just a week after the $6 billion hack from Binance. Historically, congressional elections have negatively affected not just the president’s party but also Bitcoin.

    Bitcoin slips below $78,000 amid ETF outflows

    Bitcoin slips below $78,000 amid ETF outflows

    Bitcoin (BTC) slips below $78,000 at the time of writing on Monday after posting its fourth straight weekly loss. Institutional demand shows signs of weakening, with spot Exchange Traded Funds (ETFs) recording outflows of over $202 million last week.

    Crypto Today: Bitcoin, Ethereum and XRP consolidate amid weak market sentiment

    Crypto Today: Bitcoin, Ethereum and XRP consolidate amid weak market sentiment

    Bitcoin hovers above $78,000, building on the 100-day EMA support as market sentiment remains weak. Ethereum shows signs of recovery near $2,300, though upside remains technically capped.

    Pi Network tests long-term resistance breakout as selling pressure wanes

    Pi Network tests long-term resistance breakout as selling pressure wanes

    Pi Network edges higher on Monday, testing the bullish breakout of a long-term resistance trendline. Fear and Greed Index declines to 36 from 43 last week, indicating reduced risk appetite.

    Bitcoin: Binance security breach and hawkish Fed push BTC lower

    Bitcoin: Binance security breach and hawkish Fed push BTC lower

    Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.