Crypto Market Update Thursday November 12, 2026: Bitcoin at $72,923 (-1.48%)
This crypto market update finds Bitcoin back at the bottom of its range. It trades at $72,923, down 1.48% since the 00:00 UTC daily open. Today’s low of $72,789 sits just $62 above the weekly low.
Sentiment edged lower again. Alternative.me’s Fear & Greed Index reads 28 (Fear), down from 29 yesterday. CoinMarketCap’s gauge reads 25.
Snapshot collected at 11:58 UTC on Thursday 12 November. Crypto prices use Binance USDT pairs, shown in dollar terms. All daily crypto changes measure from midnight UTC. Macro changes compare with the previous close. US cash indices show Wednesday’s completed session.
Crypto Market Update: Key Movers Today
Ethereum trades at $2,022, down 1.67% today. It touched $2,013, close to its seven-day low of $2,006. Ether is down 9.6% over seven days.
Every large cap is lower:
- BNB: $664.94, down 2.18% today, the weakest of the group.
- Cardano: $0.1718, down 1.49% today.
- Stellar: $0.1449, down 1.56% today.
- XRP: $1.039, down 1.24% today.
- Solana: $82.47, down 0.97% today.
ETF Outflows Triple
Yesterday’s slowdown in ETF selling did not last. US spot Bitcoin ETFs lost $299.9 million on Wednesday, CoinDesk reports. That is three times Tuesday’s $95 million.
It is the fifth straight day of outflows. The five-day total is about $1.44 billion. BlackRock’s IBIT accounted for $269.7 million, its ninth straight session of redemptions.
Ether funds lost about $145 million on the same day. Liquidations eased, falling 64% to $263.7 million over 24 hours.
Strategy Leaves MSCI Indexes
Index provider MSCI will remove Strategy, the largest corporate Bitcoin holder, after the close on 30 November. CoinDesk reports that JPMorgan estimates about $2.8 billion of related outflows. Strategy holds 850,364 BTC. Its shares fell 4% before the US open.
Macro Context: Stocks Rally, Then AI Wobbles
US stocks rose on Wednesday. The S&P 500 gained 1.31% to 7,619. The Russell 2000 added 0.88%. CoreWeave’s earnings beat lifted AI shares for the session.
The mood turned overnight. Nvidia’s tokenised perpetual futures fell close to 12% on Hyperliquid, on reports its chief executive could be removed. The stock itself closed Wednesday at $173. Bitcoin slipped alongside.
Bonds Hold Near 5%
The 10-year Treasury yield held near 4.99% on Wednesday, CNBC data shows. The 30-year sat near 5.34%. Both are close to their highest levels in decades.
Futures still price about a 90% chance of a Fed rate hike at the 8–9 December meeting.
| Market | Latest level | Change versus previous close |
|---|---|---|
| S&P 500, Wednesday close | 7,619 | +1.31% |
| Russell 2000, Wednesday close | 2,846 | +0.88% |
| Nikkei 225, Thursday close | 60,819 | -0.70% |
| FTSE 100, Thursday snapshot | 10,874 | +0.35% |
| Brent crude futures | $92.18 | -0.63% |
| WTI crude futures | $85.91 | -0.72% |
| Gold futures | $3,954 | -1.17% |
| Silver futures | $51.05 | -1.61% |
Source: Yahoo Finance via the daily market snapshot. Futures quotes represent contracts, rather than spot commodity prices.
Gold fell back below $4,000. Sterling slipped 0.60% to $1.327. Dollar-yen rose again to 159.67.
What Does the Technical Picture Show?
Bitcoin is testing its floor for a second time this week. The seven-day low is $72,727, set on Tuesday. Today’s low came within $62 of it.
The seven-day high has dropped to $76,416. Bitcoin is down 4.2% over the week. The range is narrowing, and the trend still points down.
Three reference areas matter now:
- $72,727: the seven-day low. A completed daily candle below it would mark a fresh low for the move.
- $74,217: today’s high. A close above it would undo today’s drop.
- $76,416: the weekly high. Reclaiming it would end the run of lower highs.
Ethereum’s references are $2,006 below and $2,066 above. A break of $2,000 would put Ether at its lowest level of the move. These are observed levels, not guaranteed support or resistance.
What Algorithmic Traders Are Watching
- Double tests of a low. Bitcoin has now tested $72,727 twice. Breakout rules often treat a second test differently from the first.
- Flow persistence. Five days of ETF outflows is a clear pattern. A rule that tracks flow direction would still be pointing down.
- Smoothing choices. Slower trend lines lag more in fast moves like this. Our triangular moving average strategy test shows what extra smoothing does to a trend rule.
Event Risk From Here
- Index changes. The Strategy exclusion takes effect on 30 November. Index funds often trade around the close on that day.
- AI stocks. Nvidia’s slide could weigh on the US open at 14:30 UTC. Bitcoin has followed tech lower more readily than higher this week.
- Ether’s floor. Ether is $16 above its weekly low. Rules on ETH may trigger before rules on BTC.
Arrow Algo’s visual builder lets users express conditions like these with no-code visual blocks. If users choose deployment, their rules send signals to their own exchange accounts. The exchange decides whether to accept and execute each order.
Crypto Market Update: What Is the Market Outlook?
The steadier path needs Bitcoin to hold $72,727 on a daily close. A move back above $74,217 would show buyers defending the range floor again. That would likely need ETF outflows to shrink.
The weaker path is a completed daily candle below $72,727. That would put Bitcoin at fresh lows for the move. Persistent outflows and a looming rate hike would add to that pressure.
Systematic traders can plan for both outcomes without predicting either.
Disclaimer: This content is for educational purposes only and does not constitute financial advice. Trading involves significant risk and you should only trade with capital you can afford to lose. Past performance is not indicative of future results. Always conduct your own research before making any trading decisions.
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