Bitcoin and other major cryptocurrencies extended losses on Thursday, 2026, as persistent exchange-traded fund outflows, rising expectations of further U.S. interest-rate increases and a stronger dollar kept pressure on risk-sensitive digital assets.
Bitcoin traded at around $72,829, down 1.39 percent over the previous 24 hours and 9.03 percent over seven days at the time of checking, according to CoinMarketCap. Its market capitalization stood at about $1.46 trillion, while 24-hour trading volume reached approximately $21.88 billion.
The global cryptocurrency market capitalization declined to around $2.42 trillion, down 1.44 percent over the previous day, while total 24-hour market volume stood at approximately $58 billion.
Bitcoin dominance edged up to 60.55 percent, suggesting the broader altcoin market remained under greater pressure than the world’s largest cryptocurrency. CoinMarketCap’s Fear & Greed Index stood at 25, signaling fear across the market.
MarketWatch said Bitcoin had fallen to its lowest level in nearly three months earlier Thursday after trading above $86,000 in September.
ETF outflows deepen
Institutional flows remained one of the clearest sources of selling pressure.
U.S. spot Bitcoin ETFs recorded $299.8 million in net outflows on November 11, according to Farside Investors.
BlackRock’s IBIT accounted for $269.7 million of withdrawals, while Grayscale’s GBTC recorded $39.1 million in outflows. ARK 21Shares’ ARKB was one of the few funds to record inflows, attracting $9 million.
The latest withdrawal followed net outflows of $95 million on November 10 and $201 million on November 9, bringing combined outflows over the three sessions to approximately $595.8 million.
The trend extended beyond Bitcoin.
U.S. spot Ethereum ETFs recorded $144.8 million in net outflows on November 11, following $1.3 million in withdrawals on November 10 and $184.6 million on November 9.
That weakening institutional demand has coincided with a broader retreat in cryptocurrency prices after several months of volatile trading.
CoinMarketCap also showed around $288 million in crypto liquidations over the previous 24 hours, including about $200 million in long positions, indicating that leveraged bullish trades continued to be forced out as prices declined.
Ether and XRP slide
Ethereum fell to around $2,020.30, losing 1.52 percent over 24 hours and 16.13 percent over seven days.
The second-largest cryptocurrency had a market capitalization of approximately $247.09 billion and daily volume of about $8.74 billion.
XRP declined 1.85 percent to around $1.03, extending its seven-day loss to 21.07 percent. Its market capitalization stood near $65.8 billion, with approximately $1.75 billion traded over 24 hours.
Solana fell 1.52 percent to $82.52, bringing its weekly decline to 13.96 percent. Its market capitalization was approximately $48.8 billion.
BNB dropped 2.59 percent to $662.95, while Hyperliquid fell 2.18 percent to $70.63.
TRON proved more resilient, slipping only 0.18 percent to approximately $0.3163.
The widening weekly losses across Ethereum, XRP and Solana show that the current downturn is not confined to Bitcoin.
Altcoins remain weak
Selling pressure also extended across much of the broader cryptocurrency market.
Zcash traded around $972.04, down 1.61 percent over 24 hours and almost 26 percent over seven days. Dogecoin fell 2.32 percent to $0.06652, while Monero declined 3.91 percent to approximately $553.75.
Chainlink dropped 3.85 percent to $9.98.
Cardano traded near $0.17, Stellar around $0.15 and Bitcoin Cash at approximately $227.37.
Litecoin was around $49.12, while Uniswap traded near $6.08, Avalanche at $8.47 and Sui at around $0.80.
NEAR Protocol was near $3.45, Bittensor around $210.76, OKB near $98.07 and Quant at approximately $165.86.
CoinMarketCap also listed Tether Gold at around $3,936.98, reflecting the concurrent retreat in international gold prices.
The broad declines illustrate the continued preference for lower-risk positioning as traders respond to persistent U.S. inflation, a stronger dollar and reduced institutional crypto inflows.
Stablecoins stay steady
Major stablecoins continued to hold close to their dollar pegs despite volatility elsewhere.
Tether’s USDT traded around $0.9987, while USDC stood near $0.9997.
Dai, Ripple USD, PayPal USD, Global Dollar and Ethena USDe all remained close to $1.
Stablecoin stability is important during periods of crypto-market stress because they provide traders with a dollar-linked asset without requiring funds to move entirely outside blockchain-based markets.
Bitcoin’s rising share of overall crypto market capitalization also indicates that investors are favoring the largest digital asset relative to many smaller tokens even though Bitcoin itself remains under pressure.
Fed outlook pressures crypto
Macroeconomic conditions remain a major driver of the selloff.
The U.S. Consumer Price Index increased 0.4 percent in October, following a 0.6 percent rise in September, while core consumer prices excluding food and energy increased 0.3 percent.
The stronger inflation data increased expectations that the Federal Reserve will raise rates again in December.
The Fed currently maintains its benchmark target range at 3.75 percent to 4 percent, after leaving rates unchanged at its October meeting. Two policymakers dissented in favor of an immediate 25-basis-point increase.
Higher interest rates can weigh on cryptocurrencies by increasing the returns available on lower-risk assets while tightening broader financial conditions.
The dollar has also strengthened as investors repriced the Fed outlook, reaching its highest level against major currencies in about 19 months on Thursday. Reuters reported that markets were heavily favoring another Fed increase in December.
Bitcoin was trading around $73,548 during an earlier Reuters currency-market update before slipping further later in the session, showing how quickly digital-asset prices were moving on Thursday.
Attention now turns to the next U.S. inflation indicator.
The Bureau of Labor Statistics is scheduled to publish the October Producer Price Index on Friday, November 13, at 8:30 a.m. Eastern Time.
