Bitcoin ETFs shed $1.3 billion as price hits $76,000 (8 Nov)
- Bitcoin price rebounded to $76,000 despite a $1.3 billion exodus from ETFs.
- Seven crypto-related stocks are currently trading below their 50-day moving averages.
- Binance has named Justin Yek as its new CFO following a $6 billion cryptocurrency heist.
- Midterm election results have triggered concerns regarding AI data center development.
- Canada's unemployment rate rose to 6.7% in October as the economy faces stagnation.
Bitcoin rebounded to a price of $76,000 on Saturday, November 7, 2026, even as the market faced a $1.3 billion exodus from exchange-traded funds.
This capital outflow is currently testing the recovery of the cryptocurrency.
Crypto-related stocks trade below 50-day moving averages
MarketBeat identified seven crypto-related stocks to watch based on their recent dollar trading volume as of November 7, 2026. The outlet defines these as publicly traded companies with financial performance linked to blockchain technology, cryptocurrencies, mining firms, and exchanges.
All seven identified stocks were trading below their reported 50-day moving averages as of that date. Among these, Galaxy Digital currently holds a Moderate Buy rating from analysts.
Performance of identified cryptocurrency stocks
Six of the seven identified cryptocurrency stocks recorded price increases during Friday trading, while ZenaTech shares declined by one cent.
Bitfarms (BITF) shares rose $0.22 to reach $1.87 on Friday, with a trading volume of 33,406,410 shares, a market capitalization of $1.13 billion, and a beta of 3.77.
Ionic Digital (IOND) shares rose $4.70 to reach $59.45 on Friday, with a trading volume of 644,557 shares, a market capitalization of $2.68 billion, and a 50-day moving average price of $74.59.
HIVE Digital Technologies shares rose $0.15 to reach $1.78 on Friday, with a trading volume of 10,143,919 shares, a market capitalization of $491.67 million, and a beta of 3.76.
Digi Power X (NASDAQ DGXX) shares rose $0.18 to reach $2.08 on Friday, with a trading volume of 3,091,951 shares, a market capitalization of $211.42 million, and a beta of 6.31.
Soluna Holdings (NASDAQ SLNH) shares rose $0.06 to reach $0.52 on Friday, with a trading volume of 7,580,516 shares, a market capitalization of $127.79 million, and a beta of 5.07.
ZenaTech financial standing and stock metrics
Marketbeat.com reported that ZenaTech, Inc., a Canadian enterprise software developer for sectors including agriculture, medical records, and public safety, saw its stock price fall by $0.01 to close at $0.64 on Friday, November 6, 2026.
Binance appoints Justin Yek as CFO following $6 billion heist
Bloomberg reported on Saturday, November 7, 2026, that Justin Yek has been appointed as the new chief financial officer of Binance.
Wall Street AI stocks impacted by midterm election results
The Washington Post reported on Saturday, November 7, 2026, that the Democratic party's victory in the midterm elections impacted shares of companies tied to artificial intelligence. Investors expressed concern that a Democratic Congress will restrict the development of data centers.
Canada's economic challenges and Prime Minister Mark Carney's budget
Canada’s economy recorded no growth during July and August, while early figures indicate a 0.1% drop in GDP for September. The unemployment rate rose to 6.7% in October from 6.5% in September, marking the highest level in six months. The Bank of Canada raised its key interest rate by 25 basis points to 2.5%, the first increase in more than three years.
Parliamentary Budget Officer Annette Ryan said interest payments on the federal public debt have become the fastest‑growing federal government expense. An Abacus Data poll released before the budget showed 63% of Canadians consider the rising cost of living the most important issue facing the country. The budget contained no broad‑based income‑tax cuts for middle‑class Canadians, instead targeting money to lower‑income Canadians and programs aimed at increasing business investment and productivity.
5, 2026. He asserted that the government will eliminate the federal operating deficit next year by reclassifying debt‑financed capital spending as investments. The Prime Minister said the government can become richer by increasing deficits and debt to boost long‑term economic growth. Mark Carney described the budget as an exercise in "premature self‑congratulation".
Satan’s Choice chapter closes in Woodstock
A Satan’s Choice chapter in Woodstock closed after a clash with rival groups.
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- Suzhou Dongshan Precision Manufacturing Co., Ltd. (2384.HK) Latest Stock News & Headlines - Yahoo Finance - Yahoo! Finance Canada (ca.finance.yahoo.com)
- Binance Says Kaiser Ng Leaving, Names Justin Yek New CFO - Bloomberg.com (bloomberg.com)
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- Top Cryptocurrency Stocks To Watch Today - November 7th - MarketBeat (marketbeat.com)
- GOLDSTEIN: Mark Carney budget an exercise in premature self-congratulation - Toronto Sun (torontosun.com)
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