A quiet Saturday for bitcoin as Treasury moves against MEXC
Saturday, November 7, 2026
What happened
After a rough week, Saturday was calm. Bitcoin stayed close to where it ended Friday, when it flatlined under $76,000 into the close (CoinDesk). Stocks were closed, so crypto traded on its own.
The biggest story was about an exchange, not the price. The U.S. Treasury's FinCEN issued an order that would bar U.S. financial institutions from sending money to or receiving money from MEXC, including crypto transfers. Treasury says MEXC handled at least $16 billion in illicit flows over five years, including about $1.5 billion tied to Russian sanctions evasion and about $1 billion sent to Iranian crypto exchanges (CoinDesk).
The order takes effect 30 days after it's published in the Federal Register, which hadn't happened yet. MEXC said it is reviewing the order, is operating normally, and has started an independent review of its anti-money-laundering controls (CoinDesk, Cointelegraph).
The backdrop is still shaky. Friday brought more than $1 billion of liquidations, mostly bets on higher prices, and spot ETFs kept seeing money leave (CoinDesk).
| Open | Close | Change | Low – high | |
|---|---|---|---|---|
| Bitcoin | 75,981 | 75,839 | -0.19% | 75,464 – 76,142 |
| Ethereum | 2,243 | 2,237 | -0.25% | 2,220 – 2,249 |
| Solana | 90.11 | 89.17 | -1.04% | 88.63 – 90.28 |
| XRP | 1.1741 | 1.1626 | -0.97% | 1.1501 – 1.1810 |
| Gold | 4,071 | 4,071 | +0.00% | 4,071 – 4,071 |
| Silver | 51.95 | 51.95 | +0.00% | 51.95 – 51.95 |
How the bots did
Every day at 2:30 PM Pacific the 16 bots start fresh with $100 of paper money each. Here's the day that ended at 2:30 PM on Nov 7:
| Best bots | W–L | Profit |
|---|---|---|
| BTC 5m | 36–7 | +$35.54 |
| ETH 15m | 5–0 | +$22.92 |
| ETH 5m | 13–2 | +$19.13 |
| Worst bots | W–L | Profit |
|---|---|---|
| BTC 15m | 7–7 | −$99.75 |
| SOL 5m | 23–8 | −$6.95 |
| SOL 1h | 6–1 | −$0.66 |
Best hour: 1 PM (+$148.36) · worst hour: 3 AM (−$97.50). Full breakdown in the daily report.
The bots also got a full fresh start late Saturday morning: every bot went back to $100 and a 0–0 record. The long-term track record wasn't touched.
What changed on WickTape
- 💬 WickTape Community. A new board at /community where members can post, comment and vote. Guests can read along.
- 📊 Volume meter. The chart now shows how busy trading is right now compared with normal. Volume bars can be turned on in ⚙ Chart.
- Cleaner chart. The speed tag on the chart was removed to save space.
- 🔒 Security upgrades. Behind-the-scenes work to keep accounts and the site safer.
What to watch on Nov 8
- The weekly close. Sunday evening ends the week for most charts. After Friday's dip to about $74,780, traders were watching that level and the weekly close (Decrypt, Cointelegraph). The Levels button shows where the price sits against the day's and week's range.
- Inflation data this week. CPI and PPI reports land in the coming week, after a much stronger jobs report than expected (CoinDesk).
- MEXC follow-ups. Watch for the order to appear in the Federal Register and for any response from other exchanges or MEXC users.
- Thin weekend trading. Gold and silver markets stay closed until stocks reopen, and weekend volume is often lower. Quiet hours can turn jumpy fast; the volume meter on the chart shows how busy it is.