Crypto

Bitcoin Steadies Near 78000 While Exchanges Prove Their Plumbing and Moscow Opens a New Door

By Crypt0 · Nov 1, 2026

Sunday delivered a clear picture of how far crypto infrastructure has come. The largest exchange in the world restored withdrawals days after the largest token theft on record. A major stock exchange set a December date for spot crypto trading. Exchange traded funds now hold more than six percent of all bitcoin in circulation. The thread tying the day together is plumbing. Prices spent the weekend consolidating near 78000 dollars while the rails underneath the market kept widening, and wider rails are what turn a volatile asset class into durable financial infrastructure.

Binance resumed bitcoin withdrawals on Sunday in phased stages after covering 95 percent of the 6.3 billion dollars taken in the October 29 incident. The first phase covered 15 cryptoassets including bitcoin, ether, XRP and dogecoin. The exchange said it covered about 6 billion dollars of the amount taken by buying replacement tokens with company funds, drawing on its 1 billion dollar Secure Asset Fund for Users, its Futures Insurance Fund and its corporate treasury. Co chief executive Yi He said half of the SAFU funds would be used and the company committed to replenishing the fund to about 1 billion dollars. About 3 billion dollars in affected assets had been located with industry partners as of Friday, and the exchange set aside around 6.34 billion dollars of company funds internally to cover the incident. The Federal Bureau of Investigation said Saturday that the state linked unit TraderTraitor carried out the incident, and law enforcement observed members of the unit converting assets into ether. President Donald Trump said Saturday that investigators were still weighing attribution.

The price action matched the recovery story. Bitcoin traded near 78000 dollars on Sunday, moving in a range from 77303 dollars to 78134 dollars according to CoinGecko data, gaining about 1 percent over 24 hours. The broader crypto market stood near 2.68 trillion dollars, with bitcoin representing about 58.4 percent of that total. Ether traded near 2270 dollars, up about 1.23 percent for the session. The seven day picture stayed mixed, with bitcoin holding above the 76000 to 77000 dollar support area identified in market reports while the 80000 dollar level stayed the next reference point for buyers. Consolidation after a shock is a healthy sign. It shows buyers stepping in at known levels while the market digests a major event.

Moscow Exchange confirmed plans to begin trading bitcoin, ether and USDT on December 1, 2026, using its existing stock market infrastructure. Senior managing director Boris Blokhin announced the plans at the Smartlab investment conference in Moscow, and the exchange has been testing transactions with professional participants since early October. Trading will run almost seventeen hours each day on the exchange longest stock market schedule. General investors will pass a knowledge test before buying, with annual purchases capped at 300000 rubles per intermediary, while qualified investors face a different set of access conditions. Partner digital depositories will hold customer crypto while brokers provide trading access. The December plan builds on September crypto perpetual futures that already drew more than 72000 qualified investors and turnover above 600 billion rubles, and Sberbank is preparing its own December crypto service covering trading, custody and settlement.

The calendar gave the day a second milestone. October 31 marked eighteen years since the bitcoin white paper appeared, and United States spot bitcoin funds held about 1.28 million coins on that date, equal to 6.36 percent of circulating supply, with combined net assets near 102.97 billion dollars. BlackRock iShares Bitcoin Trust held about 66 billion dollars of that total. Strategy held 848517 bitcoin as of October 25. The 20 millionth bitcoin was mined on March 9, 2026, leaving fewer than 1 million coins left to issue, with full issuance expected around 2140. Eighteen years after nine pages described peer to peer electronic cash, the asset those pages described sits inside regulated funds, corporate treasuries and national stock exchanges.

China added a transparency chapter of its own. A resolution adopted October 29 at the fifth plenary session of the 20th Central Committee and published by Xinhua on November 1 directs investigators to pursue graft carried out through virtual currency, blockchain transactions and cross border capital flows. The document is a party discipline directive, and it leaves trading rules unchanged, including the February 2026 package that bars unauthorized crypto services and denies bitcoin, ether and stablecoins the legal standing of the sovereign currency. The signal for builders is constructive. Blockchain tracing and data platforms now sit at the center of how a major government follows money, which rewards the same transparency tools that honest exchanges and custodians already use.

For readers, the takeaway is straightforward. The market spent the weekend proving that its largest players can absorb a historic shock, replace customer funds from their own balance sheets and reopen withdrawals within days, while new venues, new funds and new rules keep arriving on schedule. Bitcoin near 78000 dollars is the headline. The deeper story is a market whose exchanges, custodians, funds and regulators are all building at once, and that kind of simultaneous building is what turns a trading asset into a lasting piece of the financial system.

Sources

• Reuters on Binance resuming withdrawals
• Crypto.news on Moscow Exchange December launch
• TokenPost on the white paper anniversary and ETF holdings
• BlockchainReporter on China crypto enforcement resolution

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