Bitcoin has fallen below the $74,500 level. Here is the latest on Ethereum, XRP, Solana, and other altcoins, along with market expectations.

Published: November 9, 2026 - 10:17 AM

The cryptocurrency market began Monday, November 9, 2026, under selling pressure. At the time of writing, Bitcoin (BTC) had fallen to $74,143, while Ethereum (ETH) was trading at $2,129.76 and XRP at approximately $1.10. Over the past 24 hours, Bitcoin lost 1.84%, Ethereum declined by 4.72%, and XRP dropped by 5.93%. Political developments in the United States, outflows from spot Bitcoin ETFs, and upcoming inflation data reinforced the cautious sentiment across the market.

The $73,000 Level Becomes Crucial for Bitcoin

Bitcoin is attempting to stabilize around $74,500 following sharp price movements over the weekend. According to a Reuters report published on November 9, BTC fell as low as $73,708 on Sunday night, reaching one of its lowest levels since August. Uncertainty surrounding cryptocurrency regulations following the U.S. midterm elections, along with security concerns within the industry, were cited among the primary factors driving the selling pressure.

From a technical perspective, the $73,000–$73,200 range is attracting attention. According to calculations by CryptoTicker based on Coinbase daily closing prices, Bitcoin's 200-day moving average stands at approximately $73,170. Whether the price can remain above this region could determine the direction of the current correction. On the upside, the $75,500 level is considered one of the key areas to watch for a potential short-term recovery.

Selling Pressure Continues Across Ethereum, XRP, and Solana

Losses among major altcoins have been more pronounced than those recorded by Bitcoin. Ethereum declined by 4.72% to $2,129.76, while XRP traded at approximately $1.10 after suffering a daily loss of 5.93%. Solana (SOL) fell by 2.81% to $86.66, while BNB dropped by 1.79% to $685. The particularly steep declines in Ethereum and XRP suggest that selling pressure has been concentrated among large-cap altcoins.

A similar trend was observed across other cryptocurrencies. Dogecoin (DOGE) declined to $0.0691, Cardano (ADA) fell to $0.1751, and Avalanche (AVAX) dropped to $7.94. Chainlink (LINK) was trading at $10.45, while TRON (TRX) stood at $0.3176. Over the past 24 hours, DOGE lost 2.93%, ADA declined by 2.86%, AVAX fell by 3.07%, and LINK dropped by 2.49%. The figures highlighted the continued weakness across the broader cryptocurrency market.

ETF Outflows and U.S. Inflation Take Center Stage

Institutional fund movements have emerged as another factor weighing on the market. U.S.-listed spot Bitcoin ETFs recorded total net outflows of $1.28 billion during the week of November 2–6. Over the same period, investors withdrew $365.3 million from spot Ethereum ETFs. These outflows raised further questions about institutional investor demand.

The next major event on the market calendar is the release of the U.S. Consumer Price Index (CPI) for October. According to the official schedule published by the U.S. Bureau of Labor Statistics, the figures will be released on Tuesday, November 10, at 4:30 p.m. Turkish time. Any deviation from inflation expectations could influence market pricing of the Federal Reserve's interest rate policy and affect risk appetite across the cryptocurrency market.

Author's Assessment

Bitcoin's price movements around $74,500 indicate that the market has entered the new week in a fragile position. The fact that Ethereum and XRP have suffered greater percentage losses than Bitcoin suggests that investors may be seeking to reduce their exposure to altcoin risk. However, current price movements alone are not sufficient to determine how long the selling pressure will continue.

In the short term, Bitcoin's performance around $73,000, spot ETF flows, and the U.S. inflation data scheduled for November 10 should be closely monitored. Without a strong recovery in Bitcoin, there are not yet sufficient signs to suggest that a sustained upward trend can emerge across the altcoin market.

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Disclaimer: This content is for informational purposes only and is not investment advice. Cryptocurrencies are high-risk; make investment decisions based on your own research.

Content Editor and Writer

Dr. Mesut İnan is a researcher, academic and crypto journalist who has been producing content about cryptocurrencies since 2018. He brings a different perspective to the industry by combining his expertise in sociology with the cryptocurrency ecosystem. Before joining Kriptofoni as co-founder, content editor and writer, İnan worked for several cryptocurrency media platforms: he was an editor and writer at Kriptokoin from 2018 to 2023 and at COINTURK from 2023 to 2024. İnan made a valuable contribution to the ecosystem with his book on Bitcoin, "Bitcoin Sen Bizim Her Şeyimizsin" (Bitcoin, You Are Our Everything). Alongside his academic background, his regular analyses, news and commentary have made him one of the well-known names in cryptocurrency journalism in Turkey. İnan continues his work as a writer and educator and remains a prominent expert voice in the cryptocurrency field.