Bitcoin experienced a sharp selloff on November 9, triggering widespread liquidations of leveraged long positions and raising doubts about its ability to recover before the US inflation report on November 10. The cryptocurrency is now testing critical support between $73,000 and $74,000, with resistance near $76,000. The market remains fragile amid institutional selling and a broader correction, with the upcoming inflation data expected to influence Bitcoin's next move by affecting investor sentiment and interest rate expectations.
Bitcoin price movements provide context for this story, with Pluang data showing that as of Nov 09, 2026 20:02 WIB, among 50 major cryptocurrencies, 17 rose and 32 fell. Notable movers include ZIL (Zilliqa) up 6.64% at Rp32 with 74% sell orders, XRP (Ripple) down 5.09% at Rp19,958 with 62% buy orders, and ETH (Ethereum) down 5.07% at Rp38,383,333 with 64% buy orders. This snapshot reflects a mixed market sentiment on the day of Bitcoin's sharp selloff and testing of support levels.
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