Bitcoin fell below $74,000, trading at around $73,813 at the time of publication, down 1.3% over 24 hours. Ethereum dropped to around $2,050, down 2.8% over 24 hours. The total market capitalization of the global crypto market also fell 1.3%, to around $2.51 trillion.
This downturn isn't limited to a single coin. Over the past week, Bitcoin fell a cumulative 6%, while Ethereum dropped 11.4%. Major altcoins including $BNB , $XRP , SOL, DOGE, TRX, HYPE, and ADA saw losses of up to 17.2%.
The pressure is coming mainly from three directions:
U.S. core inflation rose 0.3% month over month in October, above market expectations of 0.2%. Treasury yields climbed, prompting markets to reprice the interest rate outlook. U.S. spot Bitcoin ETFs saw net outflows of $201 million in a single day, marking three consecutive trading days of outflows.
Bitcoin is testing the $73,100–$73,500 range, while Ethereum is approaching the $2,030–$2,050 range and the $2,000 psychological level.
This isn't about any one coin suddenly turning weak. Inflation, interest rates, and institutional capital are all hitting the brakes at the same time.
Binance Wallet invitation code: MOLLY666
This downturn isn't limited to a single coin. Over the past week, Bitcoin fell a cumulative 6%, while Ethereum dropped 11.4%. Major altcoins including $BNB , $XRP , SOL, DOGE, TRX, HYPE, and ADA saw losses of up to 17.2%.
The pressure is coming mainly from three directions:
U.S. core inflation rose 0.3% month over month in October, above market expectations of 0.2%. Treasury yields climbed, prompting markets to reprice the interest rate outlook. U.S. spot Bitcoin ETFs saw net outflows of $201 million in a single day, marking three consecutive trading days of outflows.
Bitcoin is testing the $73,100–$73,500 range, while Ethereum is approaching the $2,030–$2,050 range and the $2,000 psychological level.
This isn't about any one coin suddenly turning weak. Inflation, interest rates, and institutional capital are all hitting the brakes at the same time.
Binance Wallet invitation code: MOLLY666
