Major Cryptocurrencies Consolidate After October Pullbacks
Bitcoin, BNB, Chainlink, and NEAR face key support tests as the market takes a pause after October declines.
Bitcoin, BNB, Chainlink, and NEAR face key support tests as the market takes a pause after October declines. Bitcoin (BTC) is trading at $78,393.00, up 0.3% since this brief published. This is an original TLT brief based on reporting by U.Today, with live market data added, as of Mon, 02 Nov 2026 02:15:02 UTC.
The current consolidation phase will determine whether these cryptocurrencies can sustain their longer-term uptrends or face further downside pressure.
- Bitcoin, BNB, LINK, and NEAR are consolidating after October declines.
- Each cryptocurrency faces a critical support test.
- NEAR's Total Value Locked has dropped 7.8% over the past week.
After experiencing pullbacks in October, major cryptocurrencies including 
Bitcoin (BTC), Binance Coin (
BNB), 
Chainlink (LINK), and Near Protocol (NEAR) are currently in a consolidation phase.
Each of these cryptocurrencies is now facing a critical support test, according to U.Today's analysis. The outcome of these tests will be pivotal in determining whether these assets can resume their uptrends or face further downward pressure.
Market data shows Bitcoin trading at $37,127, up 0.70% in the last 24 hours but down 2.44% over the past week. BNB is at $310.45, with a 0.79% gain in the last day but a 3.73% decline over the week. Chainlink is at $11.32, showing a 2.97% drop in the last 24 hours and a 1.14% decrease over the week.
The total crypto market cap stands at $2.69 trillion, indicating a relatively flat overall market. The Crypto Fear & Greed Index is at 37, indicating a 'Fear' sentiment among investors.
Near Protocol's Total Value Locked (TVL) has decreased by 7.8% over the past week, currently standing at $120.79 million, according to DeFiLlama. This decline may reflect broader market conditions affecting decentralized finance platforms.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from $78,127.00 to $78,393.00 — +0.34%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦108.01M (about $78,393.00), up 0.9% over 24 hours. The naira itself trades about 2.2% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 2, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Major Cryptocurrencies Consolidate After October Pullbacks — questions & answers
What are the key support levels for these cryptocurrencies?
The exact support levels are not specified, but analysts suggest they will be crucial for determining the next move.
How has the overall crypto market performed recently?
The total market cap is $2.69 trillion, showing a flat trend, with a Fear & Greed Index of 37 indicating investor fear.
What is the significance of the consolidation phase?
It will determine if these cryptocurrencies can resume their uptrends or face further declines.
How much is 1 Bitcoin worth in naira today?
About ₦108.01M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $78,393.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.34% since this brief first published — trading at $78,393.00 now versus $78,127.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from U.Today. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.