Bitcoin dropped to around $72,585, its lowest since August 20, following a US inflation report showing a 0.4% rise in October, higher than the expected 0.3%. This triggered $178 million in long position liquidations within an hour and accelerated outflows from US spot ETFs totaling $1.28 billion in one week. The price is now below its 200-day moving average of about $73,150, a key technical support level. Investors are closely watching whether Bitcoin can hold between $72,000 and $75,000 ahead of the US Federal Reserve's rate decision on December 9, which could further impact the market.
Bitcoin price developments provide context for cryptocurrency market trends. For readers following major cryptocurrencies on Pluang, as of Nov 11, 2026 04:24 WIB, 9 out of 50 major cryptocurrencies rose while 40 fell. Notable movers include CAKE at Rp32,571 with a 1-day change of -4.25%, MANA at Rp1,261 with 0% sell and 100% buy order activity, and DOT at Rp15,077 with a 1-day change of -3.72%.
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