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Bitcoin nears fifth consecutive weekly loss amid $1.28B ETF outflows and key US inflation data ahead

Market News
08 Nov 2026, 07:12 WIB
CryptoTicker
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Bearish
Bitcoin nears fifth consecutive weekly loss amid $1.28B ETF outflows and key US inflation data ahead

Bitcoin is trading around $75,800, approaching a rare fifth consecutive weekly loss, a streak seen only twice before since 2017. Despite the long streak, weekly losses remain small, totaling about 12.4% over five weeks, indicating a gradual slide rather than a crash. Significant outflows of $1.28 billion from US Bitcoin ETFs this week signal continued investor retreat. The upcoming US consumer price index release on November 10 is expected to influence Bitcoin's next moves, as inflation data impacts Federal Reserve rate decisions and market sentiment. Investors are advised to watch the weekly close at $78,232 and consider strategies like savings plans to manage volatility.

Bitcoin price trends provide context for cryptocurrency market activity on Pluang. Of 50 major cryptocurrencies priced today, 13 rose and 36 fell. Notable movers include LUNC at Rp0,72 with a 1-day change of -2.68% and 75% sell order activity, TRX at Rp5.843 up 2.62% with 73% buy orders, and KSM at Rp58.383 down 2.47% with 100% buy orders. This data is as of Nov 08, 2026 11:31 WIB.

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