Market Todayâ–Ľ Bearish
Why is crypto down today? Bitcoin Down 2.2% as Hot US Inflation Fuels Fed Rate Hike Bets
TradingGain Newsroom··09 Nov 2026, 18:30 UTCBitcoin fell 2.19% over 24 hours to about $73,160, and most major coins fell more: Ethereum dropped 4.85%, Solana 5.29%, and XRP 5.23%. Only 60 of the 256 tracked coins rose. The most likely reason is October US inflation, which came in hotter than expected and raised bets on a Federal Reserve rate hike in December.
Updated 22:00 ISTRefreshes every 2 hours from live Binance futures data
Market breadth60 / 256coins up in 24h
Fear & Greed32Fear · yesterday 29
BTC funding0.0061%per 8 hours
BTC open interest+1.50%24h · $7.39B
What moved the market
- US consumer prices rose 0.4% in October, above expectations, and core inflation rose 0.3% for a third straight month.
- Fed Governor Chris Waller said a December rate hike looks certain and that a 50-basis-point move could be appropriate.
- Bitcoin's open interest rose 1.5% over 24 hours, so more positions were opened even as the price fell.
- The Fear & Greed Index is at 32 (Fear), up from 29 yesterday, showing investors remain cautious. Bitcoin funding is positive at 0.0061%, while Ethereum's is negative.
What to watch next
Traders should watch whether Bitcoin holds the $74,170 and $73,012 support levels. A move back above the $76,030 and $76,732 resistance levels would signal a possible recovery, while a break below $73,012 would show further weakness.
Bitcoin levels to watch today
Resistance 2$76,732
Resistance 1$76,030
Pivot$74,872
Support 1$74,170
Support 2$73,012
Classic daily pivot levels for BTC, calculated from the last completed daily candle.
BTCLive chartOpen full chart →
Written by TradingGain from live Binance futures data, the Fear & Greed Index and today's top stories.Live update →