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Bitcoin falls 2% to $73,700 after hotter US inflation sparks $723M crypto liquidations

Market News
11 Nov 2026, 06:31 WIB
Crypto news
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Bearish
Bitcoin falls 2% to $73,700 after hotter US inflation sparks $723M crypto liquidations

Bitcoin price dropped nearly 2% to $73,700 following US inflation data that exceeded expectations, raising concerns about Federal Reserve interest rate hikes. The US Consumer Price Index rose 0.4% in October, higher than forecasted, prompting a sell-off in cryptocurrencies and $723 million in liquidations, mostly from leveraged long positions. Large Bitcoin holders reduced their holdings by over 34,000 BTC amid weak institutional demand and ETF outflows. Technical support for Bitcoin is near $72,700, with recovery above $75,000 needed to regain momentum.

Bitcoin's market cap on Pluang stands at Rp26.916,34 trillion as of Nov 11, 2026 11:41 WIB, with a 24-hour trading volume of Rp524,96 trillion. Despite the recent price drop to Rp1.331.251.459, the platform shows a strong buy interest at 76% of order activity and a typical hold time of 113 days. This suggests that while short-term volatility is present, many investors remain committed to holding Bitcoin.

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