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TradingGain Newsroom··13 Nov 2026, 04:00 UTCEthereum moved −2.89% within one hour on Binance futures, trading around $1,932. Fast moves like this often bring a wave of long liquidations, so expect higher volatility in the next few candles.
Bitcoin and Ethereum dropped to three-month lows on Thursday, extending a crypto selloff that has wiped out $550 billion in market value since October. Bitcoin fell to $71,317, its lowest level since August, while Ethereum briefly dipped below $2,000. The decline may not be over, which could keep pressure on prices for traders.
Bitcoin fell 6.46% in the last 24 hours to about $68,940, and Ethereum dropped 5.87% to about $1,932. Only 69 of 266 tracked coins rose over the same period. The most likely reasons are large liquidations in the futures market, a strong US dollar, and steady outflows from Bitcoin ETFs.
SoFiUSD, a stablecoin from a U.S. national bank, is now live on Polygon's Open Money Stack. It also runs on Ethereum and Solana. For traders, it shows a bank-issued digital dollar expanding across several major blockchains.
Layer-1 networks Zilliqa, Gnosis and Ronin are joining the Ethereum ecosystem. The report says rising costs of running independently make security and liquidity benefits hard to pass up. For traders, this shows where other smaller chains may be heading and how Ethereum's network could gain activity.
Ethereum researchers at Ethlabs are pushing for faster blocks as part of a race to build defenses against quantum computers. They want quantum-resistant accounts ready by 2027. Wallet holders may still have to switch their signing methods themselves.
TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.
