Bitcoin experienced a sharp sell-off on November 11, 2026, briefly dropping under $73,000 before recovering part of the decline. The move came amid stronger-than-expected US inflation data, significant liquidations in the derivatives market, and heightened concern about the Federal Reserve’s stance toward crypto banking, according to reports from CryptoNews and CoinGecko data.
Inflation data and market pressure
CoinGecko reported Bitcoin at $73,971 as of 08:13 UTC, reflecting a decline of 1.07% in 24 hours and a 12.05% fall over the past 30 days. The sell-off tracked broader weakness, with Ethereum, XRP, and Solana all posting losses during the same period.
October’s Consumer Price Index rose 0.4% month over month, surpassing economists’ expectations of 0.3%. Core inflation also recorded a 0.3% increase versus a 0.2% forecast. The data led to renewed concerns that interest rates could remain higher for longer.
CryptoNews linked renewed Bitcoin volatility to the higher-than-expected US inflation figure, which revived market uncertainty about Federal Reserve policy.
CME market probability data suggested an 86.3% chance of a 25 basis point rate hike to a target range of 4%-4.25%, with a 13.7% chance of a larger move. The probability of rates holding steady at 3.75%-4% had dropped to zero. These figures reflect expectations but do not represent a final Federal Reserve decision.
Liquidations and ETF outflows
Liquidation activity contributed to the selling pressure. According to CoinGlass, $732 million in crypto derivatives positions were liquidated over 24 hours on November 11, including $578 million in long positions. Separate reporting mentioned $723 million in forced closures, but both figures underscore the intensity of leveraged unwinding.
Technical levels also influenced the pullback. Bitcoin fell below its 50-week moving average at approximately $76,100 after having traded above it for seven weeks. In addition, US spot Bitcoin exchange-traded funds saw about $1.28 billion in net outflows during the preceding week, highlighting diminished investor demand.
Analysts pointed to combined forces – inflation, ETF fund exits, and massive liquidations – as feeding uncertainty and volatility in digital assets.
The Crypto Fear & Greed Index registered a reading of 29, classifying market sentiment as “Fear.” Other top cryptocurrencies mirrored Bitcoin’s decline, with Ethereum at $2,065.76, XRP at $1.058, and Solana at $83.16, each down over the previous day.
Federal Reserve dispute and regulatory anxiety
Reports referenced a dispute between the US Federal Reserve and an unnamed crypto bank, heightening sector anxieties about banking access and regulatory trajectory. Although CryptoNews’s headline suggested that the Fed blocked a crypto bank, the underlying article offered few details regarding the institution involved or the exact nature of the action taken.
Political uncertainty also contributed to market nerves, with references to “Gensler 2.0” fears following recent US midterm elections. The text did not identify a specific appointment or forthcoming regulatory change.
Social media reactions pushed back against characterizing the market moves as a crash, making comparisons to recent Nasdaq developments, though no comprehensive consensus was reported.
Outlook and monitoring tools
While inflation, ETF outflows, and forced liquidations are weighing on prices, the Federal Reserve banking dispute remains an x-factor, with its implications still unclear. Major assets have not escaped the volatility, leaving market participants searching for more detail on regulatory developments and institutional responses.
As market swings driven by rapid liquidations and shifting policy signals continue, real-time monitoring has become essential for crypto investors. CryptoAppsy offers customizable price alerts and live coin-specific news feeds that can help users stay on top of sudden Bitcoin moves, potential regulatory decisions, and developments affecting their portfolios during periods of uncertainty.
Ongoing scrutiny of US monetary policy and clarity on the reported Federal Reserve banking dispute will remain key drivers for the outlook in Bitcoin and the broader digital asset market.
