Why is crypto down today? Bitcoin extended its November decline on Thursday, November 12, as stronger-than-expected US inflation, withdrawals from spot Bitcoin exchange-traded funds and weakness across risk assets weighed on digital currencies. While prices fluctuated throughout the session, the broader market remained substantially lower than a week earlier.
Crypto Prices Extend Losses Despite Brief Daily Stabilization
At the latest November 12 check, TradingView’s cryptocurrency screener showed Bitcoin near $72,340, down about 1.9% over 24 hours, and Ethereum around $2,008, down about 2.3%. Solana was near $81.23 and XRP close to $1.03. These are time-sensitive market snapshots, not fixed closing prices.
TradingView’s TOTAL crypto-market index showed a roughly 9.08% decline over seven days and a 0.45% daily decline when checked. That weekly reading explains why a short-lived intraday bounce has not reversed the wider bearish trend.
ETF Redemptions And Inflation Deepen The Market Selloff
The US Bureau of Labor Statistics reported November 10 that October consumer prices rose 0.4% month on month, while core prices increased 0.3%. The figures exceeded market expectations, adding uncertainty over the Federal Reserve’s interest-rate path. Higher-for-longer borrowing costs can reduce investors’ willingness to hold volatile assets.
Institutional flows have offered little relief. Farside Investors recorded $299.8 million in net US spot Bitcoin ETF outflows on November 11, following $95 million on November 10 and $201 million on November 9. The three sessions together recorded nearly $596 million in net withdrawals.
Crypto Rover Links Selling Pressure To Inflation Fears
Crypto Rover has warned that unexpectedly firm US inflation could increase expectations of tighter Federal Reserve policy. In a November 10 public post reproduced in contemporaneous coverage, he discussed the latest CPI figures and the risk of an interest-rate increase. That is a macroeconomic risk scenario, not confirmation of a future Fed decision.
Related X post from Crypto Rover
Van De Poppe Watches Bitcoin’s Key Moving Average
Analyst Michaël van de Poppe has been watching Bitcoin’s 200-day moving average. His recent commentary described the area around $75,000 as an important first resistance test, with $77,200 another hurdle before a stronger recovery can take shape. Those levels were reported in contemporary coverage of his market outlook. With Bitcoin trading below $75,000 in the latest snapshot, any sustained breakout remains unconfirmed.
Related X post from Michaël van de Poppe
Alaoui Capital Flags Pressure From Traditional Equity Markets
Alaoui Capital has also focused on the relationship between Bitcoin and US technology stocks. In commentary available on the analyst’s public Binance Square profile, the account highlighted losses in major technology shares and questioned whether Bitcoin could withstand a further equity-market decline. It is a warning about possible contagion across risk assets, rather than evidence that stock losses alone caused today’s cryptocurrency selloff.
Related X post from Alaoui Capital
Bitcoin Traders Now Watch These Major Price Levels
Bitcoin’s immediate test is whether buyers can reclaim the $73,000–$75,000 region after the latest decline. A sustained recovery above $75,000 would improve the technical picture; failure to stabilize could bring the psychologically important $70,000 area into focus. These are reference levels, not predictions of a guaranteed move.
Beyond the charts, the US Producer Price Index release scheduled for November 13 is the next major inflation test. Crypto’s recovery will also depend on whether ETF flows stabilize and sellers lose momentum. For now, the answer to why is crypto down today is a combination of persistent fund withdrawals, inflation uncertainty and risk-averse positioning—not a single verified catalyst.
Editor’s sourcing note: The three linked X posts are included for reference. Their precise text and charts could not be independently retrieved; the commentary reported above is grounded in separately accessible public remarks, as linked. Market figures reflect November 12 snapshots and may change.
