Crypto market update: Solana posts the largest move as of Nov 8, 13:00 UTC
Solana fell 0.22% while Bitcoin, Ether and XRP made modest moves; Cointelegraph reported a leadership change at Binance.
Where prices stand
Solana fell 0.22% over 24 hours to $89.48, the largest move among the four cryptos. Bitcoin rose 0.07% over 24 hours to $75,887.00, Ether fell 0.12% over 24 hours to $2,236.92 and XRP rose 0.16% over 24 hours to $1.1600 as of Nov 8, 12:59 UTC, according to CoinGecko. Five‑session changes show declines across these names: Bitcoin -3.22%, Ether -1.66%, Solana -4.68% and XRP -5.69%.
| Instrument | Last | 5-session change | Latest change | As of | Source |
|---|---|---|---|---|---|
| Bitcoin | $75,887.00 | -3.22% | +0.07% | Nov 8, 12:59 UTC | CoinGecko |
| Ether | $2,236.92 | -1.66% | -0.12% | Nov 8, 12:59 UTC | CoinGecko |
| Solana | $89.48 | -4.68% | -0.22% | Nov 8, 12:59 UTC | CoinGecko |
| XRP | $1.1600 | -5.69% | +0.16% | Nov 8, 12:59 UTC | CoinGecko |
Trend check
Trend signals are neutral for all four coins. Bitcoin shows RSI(14) 38.1 with SMA50 81993.03 above longSma 73197.26; Ether shows RSI(14) 39.6 with SMA50 2499.02 above longSma 2156.44; Solana shows RSI(14) 31.1 with SMA50 108.16 above longSma 88.98; XRP shows RSI(14) 33.0 with SMA50 1.3816 above longSma 1.2712.
| Instrument | Close | SMA50 | Long SMA | RSI(14) | Trend status |
|---|---|---|---|---|---|
| Bitcoin | 75,775.28 | 81,993.03 | 73,197.26 | 38.1 | neutral |
| Ether | 2,236.28 | 2,499.02 | 2,156.44 | 39.6 | neutral |
| Solana | 90.06 | 108.16 | 88.98 | 31.1 | neutral |
| XRP | 1.1785 | 1.3816 | 1.2712 | 33.0 | neutral |
Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Nov 7, 22:40 UTC); it is not a recommendation.
In the news
Cointelegraph reported that Binance’s finance chief Kaiser Ng will leave the company and that Ng will be replaced by Justin Yek.
- Binance’s finance chief Kaiser Ng to leave company, report says — Cointelegraph, Nov 8, 08:12 UTC
Sources and data
- Cointelegraph (secondary source) — Binance’s finance chief Kaiser Ng to leave company, report says
- Finnhub (market data) — market data
- CoinGecko (market data) — market data
Market data as of Nov 8, 12:59 UTC; report generated Nov 8, 13:00 UTC. All times are UTC. Each table row shows its own timestamp and provider.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.
Terms in this article
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
Relative Strength Index (RSI)
A momentum oscillator, developed by J.
Moving average
The average price over a rolling window, plotted to smooth out noise.
MACD
A trend and momentum indicator calculated as the 12-period exponential moving average minus the 26-period EMA, plotted with a 9-period EMA of that difference as the signal line.
Sources & data
- Cointelegraph (secondary, retrieved Nov 8, 2026, 01:02 PM UTC)
- Finnhub (market-data, retrieved Nov 8, 2026, 01:02 PM UTC)
- CoinGecko (market-data, retrieved Nov 8, 2026, 01:02 PM UTC)
Market data as of Nov 8, 2026, 12:59 PM UTC.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.
Ask about this story
Questions are answered only from this article and the sources it cites.
MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.
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