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Market snapshot as of 10 November 2026
US stocks posted their biggest one-day gain since April on Monday, yet crypto barely moved. Bitcoin is holding just below $75,000, Ethereum is stuck near $2,100, and the market is waiting for the one number that could set the tone for the rest of the month: today’s US inflation report. Here is where Bitcoin and Ethereum stand, and what we are watching.
The total crypto market capitalisation is about $2.59 trillion, little changed on the day, with Bitcoin’s share at roughly 57.8% and Ethereum’s at about 10%. Bitcoin is trading around $74,500 to $75,000, down about 3% on the week, and is on track for its fifth consecutive weekly loss and its lowest weekly close since August. Ethereum is around $2,110–$2,135, while Solana is near $86 and XRP around $1.10. Sentiment has stayed fearful, with the Fear & Greed Index at 32, slightly up from 29 the day before.
On Monday the Dow, S&P 500 and Nasdaq rose 2.2%, 2.3% and 2.7%, helped by falling oil prices. Crypto failed to follow. That lack of spillover is meaningful: it suggests the weakness in digital assets is driven by factors specific to the market rather than by general risk appetite.
ETF outflows are the main culprit. US spot Bitcoin ETFs lost $430 million on 5 November and $412 million on 6 November, about $1.28 billion over the week. Ethereum funds have now seen outflows for six consecutive weeks, including $184.5 million on 9 November alone.
Leverage has been flushed. Over $1 billion of positions, mostly longs, were liquidated over the weekend, and Ethereum took a disproportionate share. That has hurt sentiment in the short term, but it also removes some of the excess leverage that makes sharp falls worse.
Holders are under pressure. On-chain data from Glassnode shows that short-term holders, those who bought during the recent recovery, are approaching break-even, with realised losses rising relative to profits. This can add to selling pressure if prices slip further.
The October Consumer Price Index is released at 8:30 a.m. Eastern Time (13:30 UTC), and its importance is amplified by last week’s strong jobs report, which showed 165,000 jobs added and pushed markets to price roughly an 80% chance of a Fed rate hike in December. A softer reading would ease that pressure and could trigger a relief rally in crypto, which has lagged stocks. A hotter reading would strengthen the case for a hike and make a retest of recent lows more likely. Volatility around the release should be expected.
Bitcoin recovered from a weekend low of about $73,500 and has been consolidating between roughly $74,000 and $75,000. Support sits at $73,500, with a deeper level near $73,150. To signal a sustained rebound, bulls need to hold $75,000 and then reclaim $75,800–$76,000. Above that, $77,400 is the next meaningful resistance. A decisive break below $73,000 would open the way to the low-$70,000s.
Ethereum is under more pressure than Bitcoin. Analysts are watching $2,000 as key support, and a recovery would first need to reclaim the $2,150–$2,240 range. ETF outflows and a small sale from an Ethereum Foundation-linked wallet add to the cautious mood. There is one counterweight: BitMine, the largest corporate holder of ETH, bought another 9,587 ETH despite the weaker prices, a sign that some institutional buyers are accumulating on weakness.
Beneath the price action, adoption news continued:
These do not change the short-term price picture, but they continue the theme from last week: institutional infrastructure keeps being built even while prices struggle.
What to watch: the CPI release today, daily ETF flows, the Fed’s December decision, any recovery in Bitcoin above $76,000, and further tokenization and stablecoin announcements.
A market that cannot rally when stocks surge is telling us that buyers are cautious. But it is also a market where leverage has been cleared, sentiment is already fearful and some institutions are buying into weakness. With inflation data due today and a possible rate hike ahead, the sensible approach is patience, modest position sizes and low leverage until the picture clears.
Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any asset. Cryptocurrencies are highly volatile and you may lose some or all of your capital. Prices cited are approximate and reflect market conditions at the time of writing.
