Ephrem Joseph
Ephrem began his journalistic journey at Proactive in June 2021. With a strong academic background in Information Technology, his expertise particularly lies in the field of Cyber Security, Management Information Systems and Computer Forensics. Before joining Proactive, Ephrem worked as a researcher and lecturer at a number of leading universities, including the University of Portsmouth's Institute of Criminal Justice Studies, the University of Winchester’s Institute of Policing, and Jain... Read more
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Published: 05:17 11 Nov 2026 GMT
Bitcoin has fallen below US$74,000 as hotter-than-expected US inflation revived fears of another Federal Reserve rate hike and triggered a broad sell-off across cryptocurrency markets.
Bitcoin was trading around US$73,900, down about 2% over the latest session, after breaking below the US$73,000 support level during volatile trade.
Ethereum fell to around US$2,060-US$2,070, while Solana dropped to about US$83. XRP was also weaker, trading near US$1.06-US$1.07.
The latest sell-off followed stronger-than-expected US inflation data, which reinforced expectations that the Federal Reserve could raise interest rates again in December.
Higher rates are generally negative for cryptocurrencies because they increase returns available on lower-risk assets and reduce investor appetite for speculative investments.
Bitcoin's break below US$73,000 briefly accelerated selling before buyers stepped back into the market.
There was at least one positive development overnight.
US spot Bitcoin ETFs recorded around US$20 million of net inflows on November 10, ending a run of heavy withdrawals.
However, Bitcoin ETFs have still lost roughly US$1.46 billion over the past seven trading sessions, highlighting how sharply institutional demand has weakened during the recent market correction.
Across all US spot crypto ETFs, flows were effectively flat on November 10, with only a handful of products attracting fresh money.
Ethereum slipped below the psychologically important US$2,100 level, closing around US$2,058, while Solana fell roughly 4% to US$83.31.
The weakness across major altcoins suggests investors are continuing to reduce exposure to higher-risk parts of the crypto market rather than simply rotating out of Bitcoin.
Bitcoin now faces an important test around US$72,000-US$73,000.
A sustained break below that region could trigger another round of deleveraging, while a recovery above US$75,000 would be the first indication that selling pressure is beginning to stabilise.
