Bitcoin price recovers toward $78K as LIT leads altcoin gains: Market watch

Bitcoin has climbed back toward $78,000 on November 1, while Lighter (LIT) has gained around 18% and several smaller cryptocurrencies have recorded double-digit moves despite relatively quiet trading among major altcoins. Summary Bitcoin traded near $78,000 on November 1, recovering from the selling that followed Binance’s $6.3 billion hack. Lighter (LIT) gained around 18% to $3.19, outperforming most major cryptocurrencies during Sunday’s trading. CoinGecko data showed Dessa, dKargo and Powerledger among the strongest gainers, while FUNToken and UnifAI fell. Ethereum and BNB recorded modest gains, while Solana and XRP remained relatively quiet. Analyst Ali Martinez named INJ, SUI, NIGHT, PENGU and PROMPT among his preferred altcoins following the sell-off. According to CoinGecko, Bitcoin traded near $78,000 at the time writing, gaining about 1% over 24 hours. Its price moved between $77,303 and $78,134 during the period, putting the $78,000 level back within reach following last week’s losses. The total cryptocurrency market capitalization stood near $2.68 trillion, up 0.7%, with Bitcoin accounting for roughly 58.4% of the market. Bitcoin price approaches $78,000 after Binance hac...