Major Cryptocurrencies Enter Consolidation Phase After October Pullbacks
Bitcoin, BNB, Chainlink, and NEAR are testing key support levels following recent market downturns.
Bitcoin, BNB, Chainlink, and NEAR are testing key support levels following recent market downturns. Bitcoin (BTC) is trading at ₹74,53,802 ($78,393.00), up 0.3% since this brief published. This is an original Token Times brief based on reporting by U.Today, with live market data added, as of Mon, 02 Nov 2026 02:15:01 UTC.
The current consolidation phase will determine whether these major cryptocurrencies can establish a stable base for future price movements or face further downside risks.
- Bitcoin, BNB, Chainlink, and NEAR are consolidating after October declines.
- Each coin faces critical support levels that will dictate the next trend.
- Total crypto market cap holds steady at $2.69 trillion.
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- Major Cryptocurrencies Enter Consolidation Phase After October Pullbacks — this brief
After experiencing declines in October, major cryptocurrencies including 
Bitcoin (BTC), Binance Coin (
BNB), 
Chainlink (LINK), and Near Protocol (NEAR) are now entering a consolidation phase. This period of price stability is characterized by each asset testing key support levels that will be decisive for their future price trajectories.
Bitcoin is currently trading at $37,127, showing a modest 24-hour gain of 0.70% but remaining down 2.44% over the past week. BNB is at $310.45, up 0.79% in the last 24 hours but down 3.73% over the week. Chainlink has seen a 2.97% drop in the past day and is currently priced at $11.32. Near Protocol, with a Total Value Locked (TVL) of $120.79 million, has experienced a 7.8% decrease in TVL over the past week according to DeFiLlama.
The total cryptocurrency market capitalization remains relatively stable at $2.69 trillion, indicating a period of market indecision. The Crypto Fear & Greed Index currently stands at 37, reflecting a 'Fear' sentiment among investors.
This consolidation phase is significant as it will likely set the stage for the next major price movement in these cryptocurrencies. If support levels hold, it could provide a foundation for a potential recovery. However, a breakdown could lead to further downside risks.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from ₹74,28,510.01$78,127.00 to ₹74,53,801.95$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 Token Times'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 ≈ ₹8.07M (about $78,393.00), up 0.9% over 24 hours. The rupee itself trades about 8.3% above the official rate on the P2P market, so a Indian 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.
Token Times 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 Enter Consolidation Phase After Octob — questions & answers
What are the key support levels for these cryptocurrencies?
The exact support levels are not specified in the report, but analysts are watching how prices behave at current levels to determine if support will hold.
What is the current market sentiment?
The Crypto Fear & Greed Index is at 37, indicating a 'Fear' sentiment among investors.
How has the total crypto market cap been affected?
The total crypto market cap remains stable at $2.69 trillion, showing no significant change during this consolidation phase.
How much is 1 Bitcoin worth in rupee today?
About ₹8.07M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $78,393.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee 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 ₹74,53,802 ($78,393.00) now versus ₹74,28,510 ($78,127.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times 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 Token Times 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.