Bitcoin, Ethereum and XRP remain trapped in a broad bearish move on November 12, 2026, as a mix of macroeconomic pressure, institutional outflows and geopolitical uncertainty keeps risk assets on the defensive. Bitcoin is trading near $73,733 after briefly sliding below $72,000, while Ethereum has recovered to around $2,053 after dipping under $2,000. XRP is hovering near $1.0422 and is down roughly 13.5% over the past seven days. All three assets are trading below their major exponential moving averages, which analysts view as a sign of persistent weakness.
The main driver is hotter-than-expected US inflation. October CPI rose 0.4% month over month on November 10, above the 0.3% forecast, while core inflation also exceeded expectations. That has led traders to fully price another Federal Reserve rate increase in December and pushed the dollar to its strongest level since April 2025. Higher rates raise yields on safer assets and reduce appetite for speculative investments such as cryptocurrencies.
Additional pressure is coming from institutional flows and technology stocks. U.S. spot Bitcoin ETFs recorded approximately $299.8 million in net outflows on November 11, while Bitcoin open interest declined as traders reduced positions. Nvidia has been particularly volatile, adding to uncertainty across the technology sector. Geopolitical risks tied to Iran and the Strait of Hormuz remain elevated, further supporting a risk-off mood. Analysts also highlight rising Tether dominance, with Tether’s share of the crypto market hitting resistance between 7.28% and 8.57%, a combination that historically signals weakness for altcoins.
Bitcoin’s immediate battleground is $71,000-$73,000. A failure there could open the door to $70,000 and then roughly $67,000-$68,000 if selling accelerates. To ease bearish pressure, BTC needs to reclaim approximately $75,000-$76,000. Ethereum is defending $2,000 support, but resistance at $2,186 threatens its recovery attempt. XRP is fighting to stay above the psychological $1 level. Derivatives data shows about 72% of XRP liquidations in the latest 24-hour period came from long positions, while open interest declined. If XRP loses $1 convincingly, the next realistic area is around $0.90-$0.95, with a more aggressive bearish target at $0.85-$0.87. Conversely, XRP reclaiming $1.10-$1.15 would be the first sign that buyers are regaining control.
