In this video: Bitcoin dropped after a slightly hotter than expected CPI print, but the correction was already unfolding: the break below the 50-week SMA came last week. The C wave down still needs a few internal waves, and a dip toward the middle of the support zone around $68,000 to $69,000 would not be a surprise. Bitcoin dominance and USDT dominance are both rising, a tough mix for altcoins. The sell-off is slow and controlled rather than impulsive, and most of the correction could already be done. Video by More Crypto Online.
Visit Trading Platform >>
Bitcoin (BTC) is trading near $73,771 as of Wednesday, November 11, 2026. The asset remains under downward pressure after hitting a nearly three-month low overnight following hotter-than-expected U.S. inflation data.
New to trading? Join iqoption for free educational materials, a risk-free demo account, and a low minimum deposit($20). Start your journey in the financial markets now!
Learn more >>
Bitcoin Insights Today
• Hot U.S. Inflation Data. October Consumer Price Index (CPI) numbers exceeded expectations, with headline inflation rising 0.4% month-over-month and core inflation climbing 0.3%. This sparked a sell-off in risk assets and pushed the 10-year U.S. Treasury yield toward 5%.
• Federal Reserve Rate Hike Bets. Following the inflation report, markets are pricing in a near-certain Federal Reserve interest rate hike in December. Comments from Fed Governor Christopher Waller noting that a 50-basis-point increase should be considered if core inflation hit 0.3% or higher have weighed heavily on investor sentiment.
• Sustained ETF Outflows. Institutional demand has softened significantly, with U.S. spot Bitcoin ETFs recording roughly $1.5 billion in net outflows since November 2.
• Corporate and Miner Selling. On-chain tracking from Lookonchain indicates that 14 public companies—led by major miners like MARA and Riot Platforms—have sold a combined 108,247 BTC in 2026, including a net 11,647 BTC sold during the first week of November.
• Post-Election Regulatory Uncertainty. Following the U.S. midterm elections in which Democrats won control of both chambers of Congress, investors are factoring in potential delays to pro-crypto legislation and increased regulatory scrutiny.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
