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Bitcoin dips to $75,700 amid ETF outflows, rate hike fears, and Binance hack impact

Market News
08 Nov 2026, 00:59 WIB
CryptoTicker
View Source
Bearish
Bitcoin dips to $75,700 amid ETF outflows, rate hike fears, and Binance hack impact

Bitcoin traded around $75,700 on November 7, 2026, down 2.2% since October and pressured by $1.28 billion in spot ETF outflows, rising odds of a Fed rate hike, and fallout from the recent Binance hack. Key support levels include the 200-day moving average at $73,191 and the short-term holder cost basis at $75,700. Upcoming events like the October CPI report and Fed decisions will influence whether Bitcoin recovers toward $80,000-$90,000 or falls to $70,000. Investors are advised to consider dollar-cost averaging and to watch key dates for market-moving data.

Bitcoin trades at Rp1.370.083.753 on Pluang as of November 8, 2026, 06:22 WIB, showing a mild 0.18% decline over the past day. Despite the article's mention of a $75,700 price and recent downward pressures, Pluang users show strong buying interest with 79% of order activity on the buy side. The typical hold time for Bitcoin on Pluang is 113 days, indicating a relatively patient investor base amid ongoing market uncertainties.

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