The cryptocurrency market is in a strong bearish phase right now. Bitcoin has fallen to its lowest level since August, and most major altcoins are falling even faster.

Current Market Snapshot - 9 Nov 2026:

Coin Price Trend

Bitcoin (BTC) ~\$74,600 5th straight weekly loss

Ethereum (ETH) ~\$2,130 Down ~6.5% in a week

XRP ~\$1.10 Down ~5% in 24 hours

Solana (SOL) ~\$87 Down ~7% in a week

Bitcoin briefly dropped to $73,708 on Sunday, its lowest since August, before recovering slightly above $75,000. It is now trading about 40% below its record high. 2dba

### Why Is The Market Falling?

1. Massive Liquidations

More than $1.1 billion in leveraged positions were liquidated in 24 hours, with about 90% being long positions. Ethereum saw the biggest hit, with nearly $500 million liquidated. 0238

2. ETF Outflows

US spot Bitcoin ETFs recorded $1.28 billion in outflows last week, the largest since early July. Ethereum ETFs also saw $365 million in withdrawals, marking their sixth straight week of outflows. 5a35

3. Fed Rate Hike Fears

Strong US jobs data has increased expectations that the Federal Reserve will raise interest rates in December. Markets are now pricing in an 80% chance of a 25 bps hike on December 9. 5a35

4. Tech Sell-Off & Regulation Worries

A sell-off in US tech and AI stocks, plus concerns about tougher crypto regulation after the Democrats swept the US midterms, has pushed investors into risk-off mode. 5a35

### What Are Traders Watching Next?

- Bitcoin support: $73,500 - $74,000, then $70,500

- Bitcoin resistance: $75,200 - $76,900

- Ethereum support: $2,100, then $2,000

- Key events: US CPI report on Tuesday and PPI on Friday

The Crypto Fear & Greed Index has dropped to 29 - Fear, showing investors are nervous.

Bottom Line: The market is bearish in the short term, with sellers in control. Traders are advised to avoid high leverage, wait for a clear recovery above $75,200, and watch this week's US inflation data.

#BitcoinFiveWeeklyLosses #TradFiForBeginners ers #bitcoincrash #bitcoindump

This is for information only, not financial advice.