🌙 Evening wrap-up — Nov 12
A red day across the board. Bitcoin slipped below $73,000 to around $71,800, down ~3.5%, breaking under its 50-week average as spot ETFs logged a fifth straight day of outflows (~$300M). Ethereum followed to ~$2,005, down ~16% on the week and testing the $2,000 line. Zcash had the roughest ride, sliding ~6.5% to ~$951 — below $1,000 for the first time since September — as its ETF saw outflows too.
Biggest story: MSCI will drop Strategy from its index on Nov 30, and all eyes turn to the US PPI print due tomorrow, which could shape December rate expectations.
Watch tomorrow: PPI at 8:30 AM ET, whether Bitcoin holds $71,600, and Zcash polling opening Nov 16.
#BTC #ETH #ZEC
A red day across the board. Bitcoin slipped below $73,000 to around $71,800, down ~3.5%, breaking under its 50-week average as spot ETFs logged a fifth straight day of outflows (~$300M). Ethereum followed to ~$2,005, down ~16% on the week and testing the $2,000 line. Zcash had the roughest ride, sliding ~6.5% to ~$951 — below $1,000 for the first time since September — as its ETF saw outflows too.
Biggest story: MSCI will drop Strategy from its index on Nov 30, and all eyes turn to the US PPI print due tomorrow, which could shape December rate expectations.
Watch tomorrow: PPI at 8:30 AM ET, whether Bitcoin holds $71,600, and Zcash polling opening Nov 16.
#BTC #ETH #ZEC
