The broader cryptocurrency market contracted to a total valuation of $2.43 trillion as major tokens experienced simultaneous price drops. Alongside persistent ETF withdrawals, capital is increasingly rotating toward artificial intelligence ventures, including Anthropic's initial public offering. Analysts caution that digital assets will remain vulnerable to further downside until macroeconomic clarity emerges and prices break through overhead resistance barriers.
Key points
Market analysts from Mudrex, WazirX, and CoinSwitch identify crucial price support for Bi…: Market analysts from Mudrex, WazirX, and CoinSwitch identify crucial price support for Bitcoin between $71,800 and $73,300.
A sustained trading move above the $75,000 to $76,000 range is strictly required to confi…: A sustained trading move above the $75,000 to $76,000 range is strictly required to confirm a legitimate price recovery.
Digital asset traders are closely watching upcoming U.S. Producer Price Index data, Treas…: Digital asset traders are closely watching upcoming U.S. Producer Price Index data, Treasury yields, and Federal Reserve remarks to determine future market direction.
Sources checked by our analysis pipeline: 1
Bitcoin price today: The world's largest cryptocurrency was trading at $73,344.71 at time of writing, on 12 November, down 0.4% over the past 24 hours, with market capitalisation at $1.47 trillion, down 0.35%, according to data on CoinMarketCap.
While in the red, this is slight improvement from Bitcoin touching $72,695 on 10 November — its lowest level in around three months. As per a Bloomberg report, faster-than-estimated increase in United States inflation and signals that the US Federal Reserve could hike interest rates pushed down risk appetite for risk assets such as cryptocurrencies.
Meanwhile, the second largest crypto, Ethereum was also in the red today, trading at $2,044.40, down 0.49% over the previous day, with market cap of $249.85 billion, down 0.68%, the CoinMarketCap data showed.
Bitcoin maintained dominance with 60.5% of the market pie, up 0.71% among the tokens, followed by Ethereum which holds 10.2% of the crypto market, down 0.67%, while the remaining tokens comprise 29.2% of the pie, down 0.03%. At time of writing, the overall crypto market cap was at $2.43 trillion, down 0.78% over the…
Strong early investor demand in Hong Kong pushed Amicro Technology's market valuation to HK$6.7 billion following its $227 million initial public offering. The Chinese firm's sharp morning rally brought renewed trading momentum to several small-cap automation and robotics peers across Indian equity exchanges.
NVIDIA stock is experiencing a downward slide today. Further details regarding the specific market catalysts and the extent of the decline were not immediately provided.
Traders saw downward pressure on crude contracts as expanded October supply from OPEC+, driven primarily by Saudi Arabia, outweighed mounting threats to global transit corridors. Persistent security hazards in the Middle East, including tanker attacks and escalating rhetoric regarding regional strikes, continue to counter balance growing physical output. Market participants now face heightened volatility while waiting for delayed inventory statistics to clarify near-term domestic demand.