In brief
Bitcoin jumped about 5 % to $80,513, while Ethereum rose 7.36 % to $2,425 according to a Russian outlet. A separate report from a U.S. platform cited Bitcoin exceeding $81,000 and Ethereum at $2,440, and a market‑watch site logged a 4.13 % move driven by a short‑squeeze on Ethereum. Exchange activity and a Binance hack also shaped the day.
Moscow, November 5 – Bitcoin rose roughly 5 % to $80,513 and Ethereum climbed 7.36 % to $2,425 in the first hours of trading, according to the Russian news agency TASS, which cited Binance platform data for its figures. The report also noted a global cryptocurrency market cap of $2.69 trillion as of that date, with Bitcoin accounting for $1.61 trillion (60.1 %) and Ethereum $296 billion (11 %).
TASS wrote that "the prices of the two largest cryptocurrencies by capitalization, Bitcoin and Ethereum (ETH), have been showing sharp growth," a statement that captured the sentiment on the morning of the rally.
In exchange-level detail, Coinglass data cited in TASS indicated that more than 104,000 traders’ positions were liquidated in the previous 24 hours, totalling $794.71 million, most of which involved Bitcoin. Long positions accounted for $238.35 million, while short positions were $556.36 million, with the largest single liquidation order – $38 million on HTX for the ETH‑USDT pair – highlighted as a key movement.
Simultaneously, a U.S. market‑analysis platform, accessed via TradingView, reported that Bitcoin had topped $81,000 and Ethereum had climbed to $2,440 as part of a broader rally after a period of stagnation. The site drew attention to the sharp upticks in Ripple and Dogecoin as well, noting that the overall sentiment was positive.
Per CoinMarketCap’s own coverage, Ethereum’s 4.13 % rise over a five‑hour span was driven by a leverage‑driven short squeeze triggered by Bitcoin’s post‑election rebound and $380 million in short‑position liquidations. That analysis emphasized the role of short‑covering orders in nudging the price higher.
Another cryptocurrency news outlet, Cryptoticker, mentioned that Bitcoin had surpassed $64,000 and Ethereum was moving toward $3.1 k. The outlet quoted OKX futures market data as a primary source for the price trajectory, suggesting that futures sentiment was ahead of spot prices.
Meanwhile, Binance itself announced in the previous week that it had been hacked, with potential losses up to $6.3 billion. The exchange had temporarily disabled withdrawals after the attack, which had seen users pull out $3.64 billion once the withdrawal function was restored. The incident added risk‑premium to the volatile market environment.
Analysts noted that the sharp price moves for both Bitcoin and Ethereum could be part of a broader shift from a down‑trend to an up‑trend. The report from Benzinga on TradingView mentioned a narrative that Bitcoin’s bounce above the $81,000 threshold “signals a reversal of the recent bearish trend.”
Comparatively, the Coinglass snippet referenced in TASS suggested that the largest liquidation order that day was on the ETH‑USDT pair at HTX, which could indicate that Ethereum traders were more conducive to short‑covering activity as the market moved higher.
In the overall context of 2026 crypto markets, the combined reports portray a landscape where spot and futures prices contest, regulatory and exchange security incidents influence sentiment, and short‑position liquidations can trigger rapid price acceleration. The story remains developing as exchanges reconcile post‑hack balances and traders react to the confluence of risk and opportunity.
Financial analysts and market watchers will continue to observe daily price fluctuations and exchange data to weigh the impact of liquidity events and macro‑economic signals on the future direction of Bitcoin and Ethereum. The broader crypto community has an emphasis on transparency, yet the mix of data from state‑controlled news, commercial market monitors, and exchange‑level disclosures sometimes leads to varying interpretations of the same daily price activities.
