US inflation came in hotter than expected on November 11, 2026, triggering a broad cryptocurrency selloff. October CPI rose 0.4% month over month, above the consensus of 0.3%, and the release knocked Bitcoin below $73,000 before it recovered toward $73,691. The global crypto market capitalization fell 1.8% to $2.542 trillion over 24 hours, while an earlier intraday snapshot showed total market value down another $40 billion to roughly $2.45 trillion.
Bitcoin traded at $73,666.33, down 1.9% on the day and 4.3% for the week. Ethereum dropped 3.2% to $2,059.51, losing 9.1% over seven days after hitting a low near $2,005. BNB slipped 1.3% to $681.80, while XRP fell 3.9% to $1.06, bringing its weekly decline to 15.7%. CoinGlass data showed $382 million in liquidations in 24 hours, with $295 million in long positions and $87.39 million in shorts.
Zcash was among the steepest large-cap decliners. ZEC fell below $1,000 for the first time since early September, with CoinMarketCap later placing it near $1,002.52, down about 12.7% over 24 hours. The token's daily range was approximately $1,001.45 to $1,194, market capitalization stood near $17 billion, and volume reached about $1.41 billion. The move erased Zcash's four-digit cushion following the network's NU7 activation and a period of elevated volatility.
In other market data, Glassnode said 35.4% of Bitcoin's supply—approximately 7.12 million BTC—has exposed keys. Polymarket reported annualized recurring revenue above $1.8 billion. Monero and Avalanche were exceptions to the session's weakness, while most large-cap tokens remained lower and Bitcoin dominance increased slightly.
