The post Why Did Global Markets Plunge After the US Midterm Elections? appeared first on Coinpedia Fintech News Global markets suffered a sharp sell-off on November 5 as investors reassessed the outlook for artificial intelligence (AI) investment, semiconductor demand and data-center expansion.  The S&P 500 fell 4.4%, the Nasdaq Composite dropped 5.5%, and the Dow Jones lost more than 1,800 points. The decline also spread to Asia, where South Korea’s KOSPI plunged more …

The post Why Texas Election Results Rattle Tesla And SpaceX Investors? appeared first on Coinpedia Fintech News For years Texas was Elon Musk’s safest bet, offering tax breaks, cheap land and friendly leaders. That changed this week. Democrats James Talarico and Gina Hinojosa defeated Musk allies Ken Paxton and Governor Greg Abbott, and the incoming governor has made data centres a target. Hinojosa wants a freeze on new approvals until lawmakers tighten …

The post XRP Scarcity on Binance Reaches Highest Level Since 2022 – Here is What It Means appeared first on Coinpedia Fintech News Even though XRP has extended its October selloff into November 2026, on-chain data analysis reveals a strong demand from investors. The XRX Binance Scarcity Index, a tool that measures liquid supply constraints on the largest cryptocurrency exchange by daily traded volume, has surged to 2.1, its highest level since 2022. XRP Binance Scarcity Index. Source: …

The post Core Scientific to Wind Down Bitcoin Mining By Q4 2026 as AI Takes Over appeared first on Coinpedia Fintech News Core Scientific, one of the biggest names in Bitcoin mining, plans to wind down its mining operations by Q4 2026. It is not alone. Other major mining firms, including MARA Holdings, Riot Platforms, and HIVE Digital, have already begun shifting away from traditional Bitcoin mining. But what is driving these major companies to shift their …

The post Here is Why the Crypto Market Erased Over $120 Billion Today appeared first on Coinpedia Fintech News As Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL) capitulated on November 5, 2026, the crypto market capitalization flash-crashed by more than $120 billion. The crypto market cap fell to $2.57 trillion at the time of reporting, down from $2.69 trillion on Wednesday. As a result, the total cryptocurrency market cap declined by roughly 4.46%, …

The post XRP Price Today: Is This Ripple’s Last Dip Before A Run To $2? appeared first on Coinpedia Fintech News XRP has been dragged lower by the broader crypto sell-off, but large holders appear to be buying the dip. The token is trading near $1.24, down 5.4% in 24 hours and 4.9% over the week, according to market data. On-chain data, however, shows big investors adding to their positions. Whales Are Accumulating Crypto trader Ali …

The post LINK Price Crashes 32% as Key $10.65 Support Faces Pressure appeared first on Coinpedia Fintech News Chainlink’s fundamentals are getting stronger headlines than its token price. LINK has fallen roughly 32% from its late-October peak of $15.50 to around $10.65, while today’s decline pushed it below the 200-day EMA band. The immediate question is whether buyers can defend this support or whether another leg lower is coming. LINK Price Tests Support …

The post Crypto Crash Alert: Bitcoin Slides To $76K As Nvidia, AMD Crash And $1B In Crypto Longs Wiped Out appeared first on Coinpedia Fintech News The post-midterm rally lasted just one day. A heavy sell-off in US tech stocks has spread into crypto, wiping out the gains Bitcoin, Ethereum and XRP made after the US elections. More than $1 billion in leveraged crypto bets were wiped out in the fall. The trigger is growing concern over what a Democratic-controlled Congress …

The post ENA Price Falls 10% Despite Ethena Growth as $1.52 Target Emerges appeared first on Coinpedia Fintech News Ethena has plenty to celebrate on the business front, but ENA holders aren’t getting the same treatment from the market. Despite a busy October packed with launches, partnerships and growing USDe adoption, the ENA price has fallen more than 10% amid a broader crypto market decline. Now, a long-term bullish forecast is putting a much …

The post Why Is The Stock Market Crashing Today? appeared first on Coinpedia Fintech News Thursday’s sharp stock market drop has more to do with AI regulation fears and leverage than the midterm results themselves, according to The Kobeissi Letter. The research firm said the Democratic sweep was already largely priced in, so investors should ask what changed in the past 24 hours. Its answer is growing concern that Democratic …