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Bitcoin ETFs shed $1.3 billion as price hits $76,000 (8 Nov)

📅 Published: 8 Nov 2026, 05:34 am IST• 🔄 Updated: 8 Nov 2026, 05:34 am IST• 4 min read• 3 views
A digital representation of a Bitcoin coin against a background of financial market data and trading charts.
Bitcoin price reaches $76,000 amid significant ETF capital outflows.
Key Points
  • 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.

Frequently Asked Questions

What is the current price of Bitcoin?
Bitcoin has rebounded to a price of $76,000.
Who is the new CFO of Binance?
Justin Yek has been named as the new chief financial officer of Binance.
How did the midterm elections affect Wall Street?
The Democratic party's victory caused concerns for AI companies regarding potential restrictions on data centers.
What is the status of Canada's unemployment rate?
The unemployment rate in Canada rose to 6.7% in October from 6.5% in September.
How this story was made: written with AI assistance from the published reports and data linked below, then checked by automated filters that compare its facts against those sources. Spotted an error? Tell us and we will correct it. Our editorial policy.

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BitcoinETFsCryptocurrencyBinanceMark CarneyStocksFinance
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