Bitcoin treaded water Wednesday as traditional markets regained footing but ETF outflows persisted. - Price action: Bitcoin (BTC) was little changed since midnight UTC at about $73,964, stabilizing near $74,000 after dipping to $72,700 on Tuesday. Ether (ETH) held near $2,056. The CoinDesk Memecoin Index slid 1.2% and the CoinDesk 80 Index eased 0.3%. Over the past 24 hours BTC is down about 0.7% and ETH roughly 1.7%. - ETFs and flows: U.S. spot bitcoin ETFs posted $95 million in net outflows Tuesday, according to SoSoValue — the fourth consecutive day of withdrawals. BlackRock’s IBIT drove most of the decline, accounting for $78 million in redemptions and marking its eighth straight session of outflows. - Macro backdrop: Stocks bucked the crypto mood early Wednesday — Nasdaq-100 futures jumped about 1.7% after AI cloud-computing provider CoreWeave reported earnings that beat estimates. Inflation data released Tuesday showed U.S. consumer prices rose 0.4% in October, higher than expected, which pushed the odds of a Federal Reserve rate hike at the Dec. 8–9 meeting up to roughly 90% per the CME FedWatch Tool. Higher rate expectations often weigh on risk assets, including crypto. - Market nuance: The U.S. bond market is closed for Veterans Day, removing a key price signal for yields and rate expectations and leaving traders to parse equities, CPI and ETF flows for direction. Bottom line: Bitcoin’s short-term stability masks underlying pressure from sustained ETF outflows and a hawkish inflation print, even as equities staged a rebound. Market participants will likely watch ETF flows and macro updates — especially rate signals — for the next push in crypto prices. Read more AI-generated news on: https://app.chaingpt.org/news