Bitcoin's price fell below $72,000 on November 12, 2026, following a massive $656 million liquidation event in the crypto derivatives market, primarily hitting leveraged bullish traders. The sell-off was driven by a combination of factors including ETF withdrawals, macroeconomic concerns about inflation and Federal Reserve tightening, and weak technology sector performance highlighted by Nvidia's CEO resignation. Over 122,000 traders were liquidated, with Bitcoin and Ethereum facing the largest losses. The market now faces uncertainty on whether the selling pressure will ease or if deeper demand issues remain.
Bitcoin trades at Rp1.302.000.000 on Pluang as of Nov 12, 2026 21:51 WIB, down 2.10% in the past day, reflecting ongoing market volatility after the large liquidation event. Ethereum also fell 2.10% to Rp36.311.503, with both assets showing strong buy interest on Pluang, where 72% of Bitcoin orders and 68% of Ethereum orders are buys. The typical hold time on Pluang remains over 100 days, indicating a patient investor base despite recent price drops.
The Pepe (PEPE) token fell 15.04% in 24 hours, marking the largest loss among the top 90 cryptocurrencies by market cap, excluding stablecoins. PEPE traded at $0.00000445 and dropped from 43rd to 46th in ranking. Meanwhile, some tokens like Midnight ...
In the past 24 hours, Bitcoin (BTC), USD Coin (USDC), and Tether (USDT) recorded net inflows, indicating increased investor interest. BTC had net inflows of $28.17 million, USDC led with $67.15 million, and USDT followed with $24.79 million. Converse...
Bitcoin reached $73,091 on Binance's spot market at 7:15 a.m. ET on Nov. 12, briefly crossing the $73,000 mark. This price snapshot shows a short-term increase of $182 within 15 minutes, although the one-hour trend was slightly down by 0.42%. The dat...
CME FedWatch indicates a 100% chance of a Federal Reserve rate hike in December, adding pressure on Bitcoin and the broader crypto market. Bitcoin's price has been declining due to risk concerns and competition from tech stocks, trading below $73,000...
An unidentified crypto trader closed long positions worth $32.85 million in Bitcoin and Ether on Nov. 12, realizing a combined profit of about $142,000. The trader sold 331.49 BTC at an average price of $74,181, making roughly $133,500 profit, and 4,...
