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Bitcoin traded near USD 73,777, with Zcash leading declines.
Hot US inflation, ETF outflows and Fed hike bets kept sentiment cautious.
The USD 73,008 support zone will steer the next move.
Bitcoin traded near USD 73,776.72 on Wednesday, down 1.1% over 24 hours, as traders digested hotter US inflation data. Its market value stands at USD 1.48 trillion, while daily volume reached USD 31.86 billion.
Zcash led the declines among the top 13 coins, sliding 11.8% to USD 1,014.31 in 24 hours. XRP and Solana followed, dropping 3.5%, while Ethereum eased 2.4% to USD 2,065.22 on the day. Hot October CPI strengthened December Fed hike bets and kept pressure on risk assets across the board.
Bitcoin trades at USD 73,776.72, down 1.1% in 24 hours, with a market cap of USD 1.48 trillion. Volume stands at USD 31.86 billion, while USD 75,000 remains the first recovery test for buyers.
Below is today's quote roundup from leading crypto market analysts on Bitcoin's near-term structure.
"Bitcoin has fallen to around USD 73,200 as stronger-than-expected US inflation data has increased concerns over tighter monetary policy. Consumer prices rose 0.4% in October against forecasts of 0.3%, prompting markets to factor in a December rate hike fully. Bitcoin needs to reclaim USD 75,000, while USD 72,000 remains key support."
"Bitcoin fell to an 11-week low following hotter-than-expected October inflation data. The Consumer Price Index rose 0.4% month-on-month, exceeding expectations, while core inflation increased 0.3%. On the downside, USD 73,008 remains the key support. A sustained break below this level could trigger declines toward USD 70,000 and USD 66,282."
"Crypto markets extended their pullback as hotter US inflation, rising Treasury yields and continued ETF withdrawals outweighed support from strong Chinese trade and lower Brent prices. Bitcoin declined 1.93% to around USD 73,517, while Ethereum fell 3.29% to nearly USD 2,053."
"Bitcoin recovered to USD 73,837 on Wednesday morning after touching USD 72,691 overnight. It was still down 1.46% over 24 hours, while Ether fell 2.81%. The latest selling followed a US inflation report that showed core prices rising 0.3% in October, above the 0.2% forecast."
Also Read: Strive's Bitcoin Buying Spree: Inside its Corporate Crypto Treasury Strategy
Source: CoinGecko, prices as of today's session.
Monero and Figure Heloc edged up 0.2% each, while stablecoins held near the USD 1 peg. Zcash led the losers, falling 11.8% to USD 1,014.31. XRP and Solana slipped 3.5% each, Ethereum lost 2.4%, and Hyperliquid eased 2.3%.
The Bureau of Labor Statistics reported October consumer prices up 0.4% month-on-month, above the 0.3% forecast. Core CPI rose 0.3% against a 0.2% estimate, pushing the two-year Treasury yield up 18 basis points to 4.73%.
Markets are now fully pricing in a December rate hike, and some traders expect a larger 50-basis-point move from the Fed. Friday's producer price report could move yields again and test Bitcoin support near USD 73,000.
US spot Bitcoin ETFs recorded USD 201 million in outflows on Monday, marking a third consecutive session of withdrawals. Ethereum ETFs also lost USD 184.6 million, adding to the weak institutional tone across major coins.
Giottus data shows US spot Bitcoin ETFs saw USD 1.48 billion in net withdrawals in November through Monday. XRP spot ETFs also posted their largest daily cash outflow in a year on Monday.
Crypto liquidations reached USD 723.67 million after the inflation print, with longs absorbing roughly 79% of the losses. Solana saw about USD 38 million in liquidations, Zcash USD 33 million and XRP USD 21 million.
Bitcoin touched a low near USD 72,700 overnight before recovering toward USD 73,500 by morning. The Fear and Greed Index reads 29, keeping overall market sentiment firmly in the fear zone this week.
MARA sold 13,597 BTC for roughly USD 1.1 billion and used USD 750 million to repay Bitcoin-backed loans. The miner reported a third-quarter net profit of USD 634.4 million as it pivoted toward AI infrastructure.
Strategy bought 1,036 BTC for USD 81.9 million between November 2 and November 8, lifting holdings to 850,364 BTC. Its average cost stands at USD 75,456 per Bitcoin, above today's spot price.
BitMine added another 9,587 ETH while Ethereum slid 2.4% to USD 2,065.22 over 24 hours. Ethereum's RSI near 30 signals stretched selling, with support at USD 2,030 to USD 2,050, according to WazirX.
Delta Exchange notes Ethereum found support near the psychological USD 2,000 mark, with immediate resistance at USD 2,100. Futures traders may look for rising open interest and balanced funding before confirming a broader recovery.
Also Read: How Do Crypto Debit Cards Convert Bitcoin into Everyday Spending Money?
Analysts mark USD 73,008 as key support, and a sustained break below it risks USD 70,000. Reclaiming USD 75,000 would improve momentum, with USD 76,400 to USD 77,000 acting as the next resistance.
Friday's US producer price report and December Fed hike odds will steer sentiment next. Investors may favor staggered entries, smaller position sizes and low leverage until stronger confirmation appears.
1. What is the Bitcoin price today?
Bitcoin trades near USD 73,776.72, down 1.1% in 24 hours. Market capitalization stands at USD 1.48 trillion, while 24-hour volume reached USD 31.86 billion after a hotter US inflation print.
2. Which crypto fell the most among the top coins today?
Zcash fell the most among the top 13 coins, dropping 11.8% to USD 1,014.31. XRP and Solana slipped 3.5% each, Ethereum lost 2.4%, and stablecoins stayed flat near the USD 1 peg.
3. What moved crypto markets today?
Hotter US inflation, ETF outflows and rising Fed hike bets kept traders cautious. Consumer prices rose 0.4% in October, and spot Bitcoin ETFs saw USD 201 million in outflows on Monday.
4. What are the key Bitcoin levels to watch?
Traders track USD 72,700 to USD 73,008 as support and USD 75,000 as the first recovery test. A close below USD 73,000 could open USD 70,000, while USD 76,400 caps stronger rallies.
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