Bitcoin Falls Below $73,000, Erases 3 Months of Gains

Bitcoin fell below USD 73,000 on Tuesday, November 10, 2026. The BTC price is now at its lowest level since August, and the gains of nearly the past three months have also disappeared. BTC has returned to its August 20-21 position, before the rally that briefly took it to USD 84,840 in October.

Key Takeaways

• BTC briefly touched USD 72,643 (Coinbase data), the lowest since around August 21.
• The decline was triggered by stacked pressures: hotter-than-expected US inflation, the possibility of a Fed rate hike, AI stock selling, and ETF outflows.
• The 200-day moving average around USD 73,000 is the decisive level. If it breaks, analysts are targeting USD 70,500 and USD 68,000.

Bitcoin Price Returns to August Level

According to Coinbase data on TradingView, cited by Forbes, BTC briefly fell to USD 72,643.48 at 16:38 UTC. CryptoTicker recorded a low of USD 72,585 on Kraken. 

That level is equivalent to August 20-21, when BTC surged nearly 14% in two days, from USD 64,116 to a close of USD 73,001. Since then, the price had not once fallen below it until this Tuesday.

The 4-hour chart BTCUSDT on Bittime shows its direction: from around USD 85,000 on October 22 to USD 73,409.68, down 0.54% on the last candle. Over 30 days, BTC weakened by about 12.2%, according to CoinGecko data cited by CryptoTicker. It is now about 42% below its October 2025 all-time high.

Futures contract liquidations also swelled. Coinglass recorded USD 716 million in 24 hours, with USD 589 million of that in long positions, according to TMGM.

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Causes of Bitcoin's Decline: Inflation and Rate Hike Prospects

The direct trigger was the release of US CPI. October consumer prices rose 0.4% month-on-month, above the 0.3% estimate, while core CPI rose 0.3% versus the 0.2% estimate, according to TMGM. Last Friday's jobs report was also strong: 165,000 new jobs, far above the estimate of around 59,000.

A robust economy increases the odds of a December rate hike, according to Neil Steinhardt of Nexo, cited by Forbes. Fed Governor Christopher Waller even said a 50-basis-point hike is worth considering, CryptoTicker wrote. 

The Fed held rates in the 3.75%-4.00% range on October 28, and its next meeting is scheduled for December 9.

Tech stocks added to the burden. AI stock selling pushed the Nasdaq into correction territory and dragged BTC down about 5.5% to USD 76,000 on November 5. After the CPI release, the S&P 500 fell 0.94%, the Nasdaq 1.51%, and the US 10-year Treasury yield rose above 5%.

The US midterm election results also affected sentiment. Democrats won majorities in the House and Senate. Ray Salmond of StaySolvent Research believes investors are reducing risk because of concerns that investigations into the Trump family's crypto business could hinder passage of the CLARITY Act.

Read Also: FOMC Meeting: The Fed Holds Rates, What Is the Impact on Crypto?

ETFs and Short-Term Holders Add Pressure

US spot Bitcoin ETFs recorded net outflows of USD 1.282 billion last week, the largest since mid-year, based on SoSoValue data cited by CryptoTicker. Monday added USD 201 million, USD 213 million of which came from iShares Bitcoin Trust. Every dollar that leaves an ETF means BTC sold on the spot market.

Data from Glassnode, cited by TMGM, shows short-term holders entering a zone of unrealized losses. The realized profit-loss ratio fell to -0.63, a sign that more losses than gains are being realized. 

Futures open interest is still USD 37 billion, near the historical upper bound, so leverage has not been fully cleared.

Read Also: Examining Bitcoin Trends in November: History, Sentiment, and Price Prospects

Price Levels Watched by Analysts

The 200-day moving average in the USD 73,000-73,150 range is the deciding factor. Wintermute said a daily close below it opens the way to USD 68,000, according to TMGM. 

Axel Rudolph of IG believes two closes below that level could trigger further selling toward USD 70,500. To the upside, Wintermute would only turn constructive if the price holds above USD 80,000 accompanied by ETF inflows.

Glassnode assesses that momentum is still weak but no longer confirming a decline, a sign that selling pressure is beginning to ease. The Fear & Greed Index is at 32, in fear territory, after briefly hitting 25 on November 7, according to CryptoTicker. All these levels are analyst scenarios, not guarantees of price direction.

Read Also: Crypto Recommendations Worth Watching for November 2026

Conclusion

Bitcoin's price fell because hot inflation, shifting rate expectations, AI stock selling, and ETF outflows occurred at the same time. USD 73,000 is now the decisive line. As long as ETF funds have not returned, a rebound toward USD 75,000 still needs proof, so movements around this level deserve close attention with strict risk management.

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FAQ

Why did Bitcoin's price fall on November 10, 2026?
The release of October CPI that was higher than expected raised the odds of a Fed rate hike. That pressure came on top of tech stock selling and ETF outflows.

Where is Bitcoin's important support currently?
The 200-day moving average around USD 73,000. If it breaks, analysts mention USD 70,500 and USD 68,000 as the next areas.

When will the Fed decide on rates next?
On December 9, 2026. There has been no rate hike decision yet. What exists is only the possibility discussed by Fed officials and analysts.

Has Bitcoin reached a bottom?
No source has confirmed it. Glassnode sees selling pressure beginning to ease, but ETF outflows and high leverage remain risks.