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Bitcoin hovers just above its 200-day average amid $1.66B fund outflows and Fed rate hike fears

11 Nov 2026, 07:13 WIB
CryptoTicker
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Bearish
Bitcoin hovers just above its 200-day average amid $1.66B fund outflows and Fed rate hike fears

Bitcoin trades around $73,700, slightly above its 200-day moving average of $73,143, but faces pressure from $1.66 billion in outflows from BlackRock's iShares Bitcoin Trust over seven days. These outflows exceed new bitcoin creation, causing selling pressure while retail investors hold back. The market also reacts to expectations of a US Federal Reserve rate hike in December, which could further dampen bitcoin's appeal. Key support levels include the 200-day average; a sustained close below it could signal further declines. Investors should watch fund flow data closely as it will influence whether bitcoin maintains this critical support.

Bitcoin price context shows mixed market trends on Pluang as of Nov 11, 2026 12:02 WIB. Among 50 major cryptocurrencies, 8 rose and 41 fell today. XRP traded at Rp19.071 with a 1-day change of -3.38% and a typical hold time of 73 days, while SNX gained 3.30% to Rp2.973 with a 71-day hold time. MANA dropped 2.92% to Rp1.265, with all orders on Pluang being buys.

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