Market Todayâ—Ź Neutral
Why is crypto up today? Bitcoin up 1.4% to $74,275, but Fed rate-hike fears weigh
TradingGain Newsroom··10 Nov 2026, 18:31 UTCBitcoin is up 1.42% over the last 24 hours at $74,275, and 191 of the top 250 coins are higher too. The gain comes after Bitcoin fell to an 11-week low of $72,670 on recent news, so the move is a rebound from a weak spot. Hotter-than-expected US inflation has pushed traders to bet on a possible Federal Reserve rate hike in December, which tends to weigh on crypto.
Updated 22:00 ISTRefreshes every 2 hours from live Binance futures data
Market breadth191 / 250coins up in 24h
Fear & Greed29Fear · yesterday 32
BTC funding0.0064%per 8 hours
BTC open interest-0.51%24h · $7.35B
What moved the market
- Hot October inflation: US consumer prices rose 0.4%, more than expected, and core prices rose 0.3%, raising rate-hike bets.
- Rate-hike bets: Traders now price in a December Fed hike, and some expect a larger 50-basis-point move, which can pressure risk assets.
- Weak demand signs: Bitcoin ETF outflows ran for a fourth straight day and liquidations jumped, showing softer demand.
- Mixed positioning: Bitcoin open interest fell 0.51% in 24 hours, and funding rates stayed small and positive at 0.0064% for BTC.
What to watch next
Traders should watch whether Bitcoin holds support near $72,499 and $71,235, since a drop below these levels could bring more selling. A move above resistance at $75,219 and then $76,675 would show buyers are regaining control.
Bitcoin levels to watch today
Resistance 2$76,675
Resistance 1$75,219
Pivot$73,955
Support 1$72,499
Support 2$71,235
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 →