Crypto at the Brink: $1.25B Wiped Out, Bitcoin Fights for 75,000, XRP Cracks and Solana Loses Its Trendline Before 13:30 GMT Payrolls | Technical Analysis – Crypto Report | 06 Nov 2026
LIVE Crypto | Friday 6 November 2026 | 12:25 GMT price snapshot, Investing.com quotes | US payrolls not yet released, due 13:30 GMT in about 1 hour 5 minutes
Crypto at the Brink: $1.25B Wiped Out, Bitcoin Fights for 75,000, XRP Cracks and Solana Loses Its Trendline Before 13:30 GMT Payrolls
Market Overview
Crypto is bleeding, and the next candle could decide whether the damage stops here or deepens. A tech-stock rout on Wall Street has erased the entire post-election rally in under 24 hours: about $1.25 billion of leveraged positions were liquidated, 89% of them longs, the total market cap is down roughly 4.9% to $2.58 trillion, and fear readings are stuck near 28 to 31. On Investing.com, Bitcoin (76,230) is down 5.4% in 24 hours, Ethereum (2,244.3) is down 7.3%, XRP (1.2161) is down 6.7%, Solana (90.04) is down 6.0% and BNB (694.25) is down 3.4%. XRP touched 1.1767, its lowest since August, and Solana has slipped under its rising trendline from the June lows.
Buyers are defending the floors, not leading the market. Bitcoin holds the 75,000 to 75,200 zone, Ethereum is sitting on its rising trendline and BNB, helped by net inflows at Binance after the $6.3 billion breach, is the most resilient. Spot Bitcoin ETFs added $430 million of outflows on Thursday, and Democratic control of Congress has revived regulation fears. About an hour from now, US payrolls (13:30 GMT) and the Wall Street open (14:30 GMT) become the trigger. A beat with a December Fed hike priced near 66% to 70% would drive Bitcoin toward 75,200 and 73,200 and put 2,000 in Ethereum in play; a miss could squeeze oversold coins back to 77,065 and 2,332. Desk plan: sell bounces in Bitcoin, XRP and Solana; buy dips in Ethereum and BNB. Payrolls are not yet out, and every level here is conditional on that candle.
Key highlights
- Bitcoin: Price is 76,230 above the 75,000 floor; 77,065 to 79,659 caps and 75,200 supports.
- Ethereum: Price is 2,244.3 on the rising trendline; 2,332 caps and 2,200 supports.
- XRP: Price is 1.2161 bouncing under the broken triangle floor; 1.284 caps and 1.18 supports.
- Solana: Price is 90.04 under the broken trendline near 92; 87.21 supports.
- BNB: Price is 694.25 on the triangle floor; 705.31 caps and 680 supports.
What’s Moving Crypto Today
US payrolls land at 13:30 GMT with unemployment forecast at 4.2%, and crypto is trading the print after a rough Thursday
Payrolls are forecast near +59K to +65K against a December Fed hike priced around 66% to 70%. A beat would lift yields and the dollar, while a miss would let risk assets bounce from oversold readings.
Source: FXStreet, Reuters via the desk calendar, 6 Nov 2026
The Nasdaq rout triggers about $1.25 billion in liquidations, 89% of them longs, and Bitcoin gives back its post-election gains
Bitcoin fell about 6% to near 75,650 as US tech stocks had their worst session since April 2025. The total crypto market cap is near $2.58 trillion, down about 4.9%, and the fear index is around 28 to 31.
Source: Crypto Times, CryptoBriefing, CoinGecko, 6 Nov 2026
Democratic control of Congress raises fears of tighter crypto and AI rules, reversing the rally it first sparked
Bitcoin, Ethereum and XRP rallied on the dollar slide after the midterms, then sold off as traders priced tougher regulation. Ethereum rallied about 10% on Wednesday and erased it in full on Thursday.
Source: FXStreet, CryptoPotato, 6 Nov 2026
Spot Bitcoin ETFs book $430 million of outflows, taking the month to $869.8 million
Bitcoin is trading under its 200-day average near 76,497, with the 100-day at 77,778 and the 50-day at 79,837 stacked above. FXStreet lists 75,230 and 73,200 as the downside levels.
Source: FXStreet, Crypto Times, 6 Nov 2026
XRP falls about 8% to 1.20, its lowest since August, below its 200-day line
The 200-day line sits near 1.27, and spot XRP ETFs have had no inflows for three trading days. Futures positioning on OKX leans long, about four long accounts per short, which adds liquidation risk below 1.18.
Source: Cryptoticker, FXStreet, 6 Nov 2026
Solana tests a long-term rising trendline near 89.83 after losing over 6% on Thursday
FXStreet notes a break under the 87.21 horizontal support would open 70. Another source marks the 200-day line near 88.93, so the 87 to 90 zone is the decision area today.
Source: FXStreet, Cryptoticker, 6 Nov 2026
BNB holds near 694 as Binance recovers from the $6.3 billion breach of 29 October
About $3 billion was frozen, withdrawals resumed, Binance pledged to cover losses and the FBI linked the attack to North Korea. FXStreet reported net inflows to Binance after the incident, which has kept BNB firmer than peers.
Source: FXStreet, Forklog, Gulf News, 6 Nov 2026
Key Drivers for the Rest of Today
Five things that set direction for the rest of the session in Bitcoin, Ethereum, XRP, Solana and BNB. All times are GMT.
- Payrolls and Canada jobs
- 13:30
- Fri 6 Nov, 13:30 GMT
- Unemployment 4.2%; moves the dollar, yields and risk assets in one candle
- Wall Street open
- 14:30
- Fri 6 Nov, 14:30 GMT
- First read on whether the Nasdaq rout extends; crypto has tracked tech closely
- Michigan sentiment (prelim)
- 15:00
- Fri 6 Nov, 15:00 GMT
- Inflation expectations feed December Fed hike pricing near 66% to 70%
- Setup expiry
- 22:00
- Fri 6 Nov, 22:00 GMT
- Unfilled ideas lapse at 22:00 GMT
- Daily candle close
- 00:00
- Fri 6 Nov, 00:00 GMT (7 Nov)
- Crypto daily candles close at 00:00 GMT, which sets today’s closing level
Swipe the strip to see every driver.
Trade Setups for Today
Ranked in the order Bitcoin, Ethereum, XRP, Solana and BNB, valid until 22:00 GMT today. A 4-hour close beyond the stop cancels the idea.
| Instrument | Direction | Entry | Stop | Target 1 | Target 2 | Reward:risk | Conviction |
|---|---|---|---|---|---|---|---|
| Bitcoin (BTCUSD) | Short | 77,200 | 79,000 | 75,200 | 73,200 | 1.1 / 2.2 | Medium |
| Ethereum (ETHUSD) | Long | 2,215.0 | 2,150.0 | 2,332.0 | 2,363.0 | 1.8 / 2.3 | Low |
| XRP (XRPUSD) | Short | 1.2400 | 1.2850 | 1.1800 | 1.1000 | 1.3 / 3.1 | Medium |
| Solana (SOLUSD) | Short | 92.40 | 95.60 | 88.80 | 87.20 | 1.1 / 1.6 | Low |
| BNB (BNBUSD) | Long | 681.00 | 662.00 | 705.00 | 722.00 | 1.3 / 2.2 | Low |
Reward:risk is the distance from entry to each target divided by the distance from entry to the stop. A third target for each instrument is in its section below. Prices are Investing.com quotes at about 12:25 GMT on 6 November, with levels read from the daily charts captured at 12:20 GMT. Every entry sits away from the current price and needs a pullback or a bounce to trigger, and the 13:30 GMT payrolls can gap prices through them. Two ideas are long and three are short, but all five coins react to the same equity and dollar move, so a hot print would help the shorts and hit the longs, and a soft print would do the opposite. Levels are conditional technical references, not recommendations.
Risk Scenario Analysis
The 13:30 GMT payrolls, the 14:30 GMT Wall Street open and the 15:00 GMT Michigan survey are the swing factors for the rest of today.
A strong jobs print lifts yields and extends the equity-led crypto sell-off
Payrolls above 65K would restore December Fed hike pricing, lift the dollar and push crypto through the floors it is sitting on, especially if Nasdaq extends lower at 14:30 GMT. Liquidations of leveraged longs could accelerate the move.
- Bitcoin75,200, then 73,200
- Ethereum2,200, then 2,000
- XRP1.18, then 1.10
- Solana87.21, then 80.00
- BNB680, then 645
A soft jobs print: yields and the dollar drop, and oversold crypto squeezes higher
Payrolls under 40K or higher unemployment would cut hike pricing and give crypto a relief bounce toward the broken levels above, with RSI readings in the mid-30s to low-40s leaving room for short covering.
- Bitcoin77,065, then 79,659
- Ethereum2,332, then 2,363
- XRP1.2840, then 1.3116
- Solana92.00, then 98.00
- BNB705.31, then 722.25
Bitcoin (BTCUSD) | Bitstamp feed
Bitcoin Analysis: Price Defends the 75,000 Floor at 76,230 but Stays Under the 77,065 Average After the Nasdaq Rout
76,230 +259 (+0.34%) on the daily candle at about 12:25 GMT Previous close 75,971 Day range 75,205 to 76,295
Outlook: Bias is lower on bounces while 79,000 caps. Bitcoin fell about 6% in 24 hours as the Nasdaq rout triggered roughly $1.25 billion of liquidations, 89% of them longs, and now sits at the floor of its falling channel with the 77,065, 79,659 and 81,982 averages overhead.
Key levels
- Support 2
- 73,200
- Support 1
- 75,200
- Resistance 1
- 77,065
- Resistance 2
- 79,659
- Price (76,230) is under the 77,065, 79,659 and 81,982 averages. Main catalyst: US payrolls at 13:30 GMT and the 14:30 GMT Wall Street open, with spot ETF outflows of $430 million on Thursday.
- RSI 38.81 under its 40.50 average: weak but not oversold. A close under 75,200 targets 73,200; a close above 79,659 would end the lower-high sequence and put 80,000 back in play.
Setup: Short at 77,200, stop 79,000, targets 75,200, 73,200, 70,000. Reward:risk 1.1 / 2.2 / 4.0, medium conviction. Cancel if a 4-hour close above 79,000, or if payrolls miss and Nasdaq futures rebound sharply. Cancel if unfilled by 22:00 GMT today.
Ethereum (ETHUSD) | Bitstamp feed
Ethereum Analysis: Price Holds the Rising Trendline Near 2,244 After a 7% Drop, With 2,332 the First Cap
2,244.3 +9.6 (+0.43%) on the daily candle at about 12:25 GMT Previous close 2,234.7 Day range 2,210.7 to 2,246.7
Outlook: Bias is higher only on a dip into the rising trendline, with low conviction. ETH fell about 7% on Thursday as the AI sell-off spilled into crypto and has stalled on the support line from the June low; the 2,332 and 2,363 averages cap any bounce.
Key levels
- Support 2
- 2,000.0
- Support 1
- 2,200.0
- Resistance 1
- 2,332.0
- Resistance 2
- 2,363.3
- Price (2,244.3) is under the 2,332.0, 2,363.3 and 2,498.7 averages. Main catalyst: equity-led risk sentiment and the 13:30 GMT dollar reaction, with 2,400 the level where the post-election rally failed.
- RSI 36.53 under its 40.02 average: the weakest of the majors after XRP. A close under 2,200 puts 2,000 in play and then 1,800; a close above 2,363 would reclaim the averages.
Setup: Long at 2,215.0, stop 2,150.0, targets 2,332.0, 2,363.0, 2,400.0. Reward:risk 1.8 / 2.3 / 2.8, low conviction. Cancel if a 4-hour close under 2,150, or if the trendline breaks with RSI still falling. Cancel if unfilled by 22:00 GMT today.
XRP (XRPUSD) | Bitstamp feed
XRP Analysis: Price Bounces to 1.2161 After Breaking the Triangle Floor and Hitting 1.1767, Its Lowest Since August
1.2161 +0.0101 (+0.84%) on the daily candle at about 12:25 GMT Previous close 1.2060 Day range 1.1767 to 1.2215
Outlook: Bias is lower on a retest of the broken floor while 1.285 caps. XRP is down about 7% in 24 hours, touched 1.1767 and slipped under the 200-day line near 1.27 before bouncing; spot XRP ETFs have drawn no inflows for three trading days, and the chart has closed under the rising lower line of its triangle.
Key levels
- Support 2
- 1.1000
- Support 1
- 1.1800
- Resistance 1
- 1.2840
- Resistance 2
- 1.3116
- Price (1.2161) is under the 1.2840, 1.3116 and 1.3818 averages and under the triangle floor. Main catalyst: Wall Street risk appetite and whether spot ETF inflows return after three days of none.
- RSI 34.95 under its 39.67 average: the weakest of the five and near oversold. A close under 1.18 targets 1.10 and then 1.00; a close above 1.284 would put the broken triangle back in play.
Setup: Short at 1.2400, stop 1.2850, targets 1.1800, 1.1000, 1.0400. Reward:risk 1.3 / 3.1 / 4.4, medium conviction. Cancel if a 4-hour close above 1.285, or if payrolls miss and XRP reclaims the 200-day line near 1.27. Cancel if unfilled by 22:00 GMT today.
Solana (SOLUSD) | Coinbase feed
Solana Analysis: Price Retests the Broken Rising Trendline From Below at 90.04 With 87.21 the Support to Watch
90.04 +0.84 (+0.94%) on the daily candle at about 12:25 GMT Previous close 89.20 Day range 88.82 to 90.56
Outlook: Bias is lower on bounces while 95.60 caps, with low conviction. SOL lost over 6% on Thursday and has slipped under the rising trendline from the June lows, now a retest from below; FXStreet flags 87.21 as the horizontal support whose loss opens 70.
Key levels
- Support 2
- 80.00
- Support 1
- 87.21
- Resistance 1
- 92.00
- Resistance 2
- 98.00
- Price (90.04) is under the broken trendline near 92. Main catalyst: broad crypto risk sentiment and the Nasdaq reaction after the 14:30 GMT open; the chart carries no indicators, so levels come from price structure.
- A close under 87.21 targets 80.00 and then 70; a close above 98, the early-November high, would invalidate the lower-high sequence from the late-September peak.
Setup: Short at 92.40, stop 95.60, targets 88.80, 87.20, 80.00. Reward:risk 1.1 / 1.6 / 3.9, low conviction. Cancel if a 4-hour close above 95.60, or if SOL reclaims the trendline with rising volume. Cancel if unfilled by 22:00 GMT today.
BNB (BNBUSD) | Binance chart feed
BNB Analysis: Price Holds the Rising Triangle Floor Near 694 Under Three Averages as the Binance Breach Fades
694.25 +5.22 (+0.76%) on the daily candle at about 12:25 GMT Previous close 689.03 Day range 685.61 to 696.71
Outlook: Bias is higher only from the 680 base, with low conviction. BNB is the most resilient of the five, down about 3.4% in 24 hours against 5% to 7% elsewhere, as Binance resumed withdrawals and recorded net inflows after the $6.3 billion breach of 29 October.
Key levels
- Support 2
- 645.00
- Support 1
- 680.00
- Resistance 1
- 705.31
- Resistance 2
- 722.25
- Price (694.25) is under the 705.31, 722.25 and 746.00 averages. Main catalyst: Binance exchange headlines and the 13:30 GMT dollar reaction; the 680 low is the level buyers defended after the breach.
- RSI 41.36 under its 43.88 average: weak but the least stretched of the five. A close under 680 puts 645 in play; a close above 722.25 would clear the averages and target 746.
Setup: Long at 681.00, stop 662.00, targets 705.00, 722.00, 746.00. Reward:risk 1.3 / 2.2 / 3.4, low conviction. Cancel if a 4-hour close under 662, or if Binance security headlines worsen. Cancel if unfilled by 22:00 GMT today.
Conclusion
With payrolls at 13:30 GMT and Wall Street opening at 14:30 GMT, we prefer selling bounces in Bitcoin near 77,200 and XRP near 1.24 (medium conviction) and Solana near 92.40 (low), and buying dips in Ethereum near 2,215 and BNB near 681 (both low conviction). The session risks are payrolls, the Nasdaq open and the 15:00 GMT Michigan survey. A 4-hour close above 79,000 in Bitcoin or under 2,150 in Ethereum would change the picture. Payrolls are not yet out as of this snapshot.
Trade Bitcoin, Ethereum, XRP, Solana and BNB with Capital Street FX.
Frequently Asked Questions
What is the crypto outlook for today?
Crypto is trading the Nasdaq rout and the 13:30 GMT US payrolls: Bitcoin is at the floor of its falling channel, Ethereum on its rising trendline, XRP under its triangle and Solana under its trendline.
Which crypto trade ideas are live today?
Short Bitcoin, XRP and Solana on bounces; long Ethereum and BNB on dips to support, each with a stop and three targets valid until 22:00 GMT.
What time are the key events in GMT?
Payrolls and Canada jobs are at 13:30 GMT, the Wall Street open at 14:30 GMT, Michigan sentiment at 15:00 GMT, setups expire at 22:00 GMT and the daily candle closes at 00:00 GMT.
Why is crypto falling today?
A tech-stock sell-off on Wall Street spilled into crypto, triggering about $1.25 billion in liquidations, while Democratic control of Congress raised regulation fears and spot Bitcoin ETFs saw outflows.
Why is BNB holding up better than the rest?
Binance has resumed withdrawals and recorded net inflows after the $6.3 billion breach, and the BNB chart is still on its rising triangle floor near 680 to 696.
