- Bitcoin rose to $85,420.89 today, reclaiming the $85,000 level firmly.
- Citi raised its 12-month Bitcoin price target to $113,000 from $82,000.
- Anthropic targets a mid-November IPO at a valuation up to $2 trillion.
The global crypto market cap rose 1.0% to $2.99 trillion over the past 24 hours. Bitcoin traded at $85,420.89, up 2.0% on the day and up 0.7% over the past week, breaking back above $85,000 after absorbing a sell wall at that level, according to Glassnode.
Ethereum changed hands at $2,718.11, up 1.1% in 24 hours and up 1.2% over seven days. BNB rose 0.7% to $775.73. XRP gained 0.9% to $1.51, up 2.5% over the week. Solana rose 1.6% to $120.29.
Trending Searches
Revenue Family led trending searches, up 19.5% to $0.022064. Commander VRAX followed, up 84.4% to $0.022418, and Quant dipped 15.5% to $249.62. Among top gainers, Super Cat surged 756.1% to $0.018487, HoodPork climbed 454.4% to $0.031154, and Talus rose 257.5% to $0.038525.
Citi Lifts Price Targets
Citi raised its 12-month Bitcoin price target from $82,000 to $113,000 and its Ethereum target from $2,240 to $3,028, according to Fortune. The bank expects crypto ETFs to attract roughly $5 billion in inflows over the coming year, citing recovering market interest, a weaker dollar, and US Treasury buybacks of long-term bonds as supportive factors.
Anthropic IPO Timeline Emerges
Anthropic is seeking to go public as early as mid-November, with formal marketing potentially beginning the week of November 9 and trading targeted before Thanksgiving on November 26.
Potential investors reportedly view a valuation range of $1.8 trillion to $2 trillion as reasonable, with the IPO size expected to rival SpaceX’s. Anthropic’s 2025 revenue reached approximately $4.6 billion, up from $386 million in 2024, though the company posted a net loss of close to $42 billion, with more than $34 billion stemming from changes in the fair value of liabilities.
NEAR Intents Hacker Ultimatum
NEAR Intents General Manager Alex Shevchenko said the platform identified the individual behind Thursday’s roughly $3.8 million exploit and gave them 48 hours to return the funds under a “responsible disclosure” framework, publishing three wallet addresses for Bitcoin, BNB, and Solana returns.
The vulnerability stemmed from the interaction between Omni’s deposit and withdrawal infrastructure and the NEAR Intents smart contract, with impact limited to USDT on BSC; the core NEAR protocol and token were unaffected. PeckShield separately flagged the attacker’s addresses as suspected of links to North Korea’s Lazarus Group after stolen funds were routed through KuCoin and swapped into BTC.
September Was Crypto’s Worst Hack Month of 2026
Crypto hack and exploit losses in September exceeded $766 million, the highest single month of the year. PeckShield recorded 55 major incidents totaling about $766.5 million, while CertiK logged 97 incidents at roughly $768.4 million. Losses were driven primarily by the Bitget breach of approximately $388 million and a $320 million exploit on Liquid Network, of which more than $270 million was later returned.
Fed Officials Signal Pause
Fed Vice Chair Philip Jefferson suggested officials may want more time before another rate hike, echoing New York Fed President John Williams, according to Nick Timiraos. Jefferson said future policy adjustments should be guided by data trends and the evolving economic outlook, noting that yields across maturities have risen further since the September meeting as investors reassess the macro picture.
Related: Crypto Holders Face New Threats as Physical Attack Frequency Surges
Institutional and Regulatory Developments
Wyoming’s Division of Banking and the New York State Department of Financial Services signed a memorandum of understanding on digital asset regulatory cooperation. The IMF approved a $139 million disbursement to El Salvador after granting a waiver over the government’s breach of bitcoin accumulation limits, citing stronger-than-expected economic performance.
California Governor Gavin Newsom signed an executive order requiring state agencies to continue using “Artificial Intelligence” terminology, breaking from the federal government’s shift to “Super Intelligence.”
Related: Citi Raises 12-Month Bitcoin Price Target to $113K and ETH to $3K
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