Crypto Market Today, Nov. 10: Bitcoin Slides Below $74,000 as Hot Inflation Data Sends Crypto Markets Tumbling
Cryptocurrency markets took another hit on Tuesday, November 10, as hotter-than-expected inflation data weighed on investor sentiment and fueled concerns about higher interest rates. As of early evening, Bitcoin (CRYPTO:BTC) fell 1.83% to $73,874.38, while Ethereum (CRYPTO:ETH) declined 3.43% to $2,059.16 and Solana (CRYPTO:SOL) dropped 3.69% to $83.37. The broad-based sell-off reflected weakening risk appetite as investors reassessed the outlook for Federal Reserve monetary policy.
What's driving crypto markets
Tuesday's inflation surprise triggered a sharp sell-off in U.S. government bonds, pushing Treasury yields higher as investors priced in more aggressive monetary tightening. The benchmark 10-year Treasury yield briefly surpassed 5%, while the more policy-sensitive two-year yield climbed toward 4.75%. Higher yields make fixed-income investments more attractive relative to speculative assets, creating additional headwinds for cryptocurrencies.
The U.S. dollar also strengthened, with the dollar index gaining approximately 0.5%. A stronger dollar can weigh on dollar-denominated assets like Bitcoin by tightening global financial conditions and reducing purchasing power for overseas investors.
Meanwhile, markets increasingly expect the Federal Reserve to raise interest rates in December, with some traders considering the possibility of a larger 50-basis-point increase. Together, rising bond yields, a stronger dollar, and tighter monetary policy expectations are creating an increasingly challenging backdrop for digital assets.
Crypto ETF snapshot
Spot Bitcoin ETFs traded lower, with iShares Bitcoin Trust ETF (NASDAQ:IBIT) down 1.51% and Fidelity Wise Origin Bitcoin Fund (NYSEMKT:FBTC) down 1.49%. Spot Ether funds also weakened, as iShares Ethereum Trust ETF (NASDAQ:ETHA) fell 3.27%.
What this means for investors
Bitcoin's struggle to hold $74,000 raises concerns about the strength of underlying demand. U.S. spot Bitcoin ETFs have recorded approximately $1.5 billion in net outflows since November 2, removing an important source of buying pressure.
Derivatives markets also reflect growing caution. Bitcoin options traders are paying a premium for downside protection, while relatively subdued futures positioning suggests limited appetite for aggressively buying the dip. A recovery in ETF inflows, accompanied by stronger spot buying, would provide a more convincing signal that market conditions are improving.
Altcoins face an even more challenging outlook. Ethereum is approaching the psychologically important $2,000 level, while Solana is testing support near $80. Both could face additional selling pressure if Bitcoin weakens further, particularly as tighter liquidity tends to hit more volatile digital assets hardest.
For now, investors should watch whether Bitcoin can reclaim $75,000 and whether institutional flows begin to stabilize. Without renewed demand, any near-term rebound could prove difficult to sustain.
Top 10 crypto performance
| # | Name | Price | 24h | 7d |
|---|---|---|---|---|
| 1 | Bitcoin (BTC) | $73,874.38 | -1.8% | -5.0% |
| 2 | Ethereum (ETH) | $2,059.16 | -3.4% | -10.0% |
| 3 | Tether (USDT) | $0.9991 | +0.0% | -0.0% |
| 4 | BNB (BNB) | $677.54 | -1.7% | -2.9% |
| 5 | USDC (USDC) | $0.9996 | +0.0% | -0.0% |
| 6 | XRP (XRP) | $1.06 | -2.9% | -17.0% |
| 7 | Solana (SOL) | $83.37 | -3.7% | -10.6% |
| 8 | TRON (TRX) | $0.3177 | +0.4% | -1.9% |
| 9 | Figure Heloc (FIGR_HELOC) | $1.04 | -1.0% | -0.1% |
| 10 | Zcash (ZEC) | $1,055.91 | -9.4% | -12.7% |
Ranked by market cap. Price and 24-hour change for BTC, ETH and SOL: FMP, the same figures used in the text above. All other figures: CoinGecko, as of November 10, 2026 21:17 UTC.
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RJ Fulton has positions in Bitcoin, Ethereum, Solana, and iShares Bitcoin Trust. The Motley Fool has positions in and recommends Bitcoin, Ethereum, Solana, and iShares Bitcoin Trust. The Motley Fool has a disclosure policy.
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