Bitcoin edges up near $76,000 as Binance sets France closure date

Bitcoin edged up to $75,988, a gain of 0.42% in 24 hours, in another quiet session near $76,000. The main new detail came from Binance, which gave French users a firm date to close their accounts and named a start date for fees on leftover assets.

The moves are small. Prices across the majors changed by less than 1% in a day, and sentiment held just outside extreme fear.

Bitcoin

According to CoinGecko data, Bitcoin traded at $75,988 at 15:57 UTC on 8 November. It is up 0.42% over 24 hours but down 2.57% over seven days. The 24-hour range was narrow, from $75,541 to $76,106. Trading volume was $10.3 billion, and Bitcoin's market value stood at $1,528.1 billion. You can follow the price on the BTC/USD chart.

Ether and the other majors

Ether rose 0.18% to $2,238.47, within a 24-hour range of $2,222.96 to $2,242.93. Its weekly loss is 1.21%, smaller than Bitcoin's. The weaker coins of the week remain XRP, Cardano, Dogecoin and Solana, all down more than 5% over seven days.

Market breadth and sentiment

The total crypto market value is $2.533 trillion, according to CoinGecko. Bitcoin's share is 60%, and Ether's is 10.7%.

The Crypto Fear & Greed Index from Alternative.me reads 28, or "Fear". That is up from 25, in "Extreme Fear", on 7 November. It remains well below the neutral 50 it reached on 5 November, before the stock sell-off. Over the past eight days, the index has stayed between 25 and 37 on every day except that one.

News drivers

Binance sets dates in France

Cointelegraph reports that Binance France emails tell users their accounts will close on Dec. 31. Any assets left on the exchange will be charged monthly fees starting on Nov. 29, the company says. This adds dates to the story CoinDesk reported on 7 November, when users in Spain, France and Poland said they had received similar notices.

Binance finance chief to leave

In separate news, Cointelegraph reports that Binance's chief financial officer, Kaiser Ng, will leave the company. He will be replaced by Justin Yek, formerly vice-president of finance at Airwallex.

Quantum defence idea and mining economics

Decrypt reports that Bitcoin developer Cory Fields has proposed making future quantum attackers post Bitcoin as collateral before touching vulnerable wallets. Prepared owners would get a chance to recover their coins and collect a potentially costly penalty.

CoinDesk reports on a Finnish startup running 30 Bitcoin mining systems as home central heating. At current prices, each one earns slightly more than the electricity it uses, and the setup depends on Bitcoin staying above $70,000.

Macro backdrop

Risk appetite has been weak since the AI-led stock sell-off earlier in the week. US payroll data also lifted the dollar, as our sister site covered in its report on the dollar's best day since June after strong payrolls.

What to watch next

• Nov. 29: Binance France begins monthly fees on assets left on the exchange, according to Cointelegraph.
• Dec. 31: Affected Binance accounts in France, and reportedly in other European countries, are set to close.
• Binance leadership: the handover from Kaiser Ng to Justin Yek, per Cointelegraph.
• OKX-ICE venue: Decrypt reports that all seven of the largest US tech companies have asked to keep their shares off the planned venue.