Crypto is broadly lower, with BTC at $73,613.50 (-1.5%), ETH at $2,050.00 (-3.7%), SOL at $83.39 (-3.6%) and XRP at $1.06 (-2.9%). US spot bitcoin ETFs saw net outflows of $201.1M on Nov 9 after $411.9M on Nov 6.
BTC-1.6%$73,767
ETH-3.4%$2,055
SOL-3.5%$83.36
XRP-3.3%$1.06
BTC ETFsUS session-$201Mnet flow, Nov 9
News mood
Mixed33% bullish · 47% bearish
What's happening
Forced selling has swept through crypto markets as bitcoin fell below $74,000 1, and Fed governor Christopher Waller's signal that he would vote to raise rates by 0.25% in December pushed rate-hike bets to 96% 2. BlackRock sold $405M worth of bitcoin as IBIT redemptions piled up, with institutional outflows pointing to continued short-term pressure 3. Bitcoin is also facing October's US inflation report with prices under pressure and a divided Federal Reserve 4. The Binance hack of $5.7 billion is weighing on prices as well 5.
Vitalik Buterin wants ETH to be a store of value rather than a fee-burning token 7, while two rival Ethereum proposals aim to stop Glamsterdam from breaking old contracts 8.
Visa added Monad as a stablecoin settlement option for participating issuers and acquirers 9, the XRP Ledger Foundation laid out quantum-resistant accounts with no extra fees and a full transition targeted by 2028 10, and Grayscale pledged $1 million to a Zcash ETF campaign, with ZCSH holding $675.7 million in assets 11.
Crypto-linked stocks were mostly lower, with COIN at $131.99 (-3.0%), MSTR at $121.00 (-3.7%) and CRCL at $64.81 (-4.1%), while MARA rose 8.9% to $7.23; Trump Media posted a $409.7 million Q3 profit as bitcoin gains carried the quarter 12, BitGo's Q3 revenue fell 50.9% to $2.85 billion 13, and Canaan's Q3 revenue dropped 90% to $14.5 million as hardware sales collapsed 14.
Coinbase received a full US trust charter from the Office of the Comptroller of the Currency 15, Charles Schwab opened Solana, Avalanche and Chainlink trading to US clients 16, and Poland's parliament passed a bill allowing the interior minister to freeze bank accounts, crypto holdings and property without prior court approval 17.
Binance lost $5.7 billion in the largest crypto hack to date 5, warned iPhone users of an iOS bug that could expose wallet keys and recovery phrases 19, and Elliptic says North Korean hackers used six homemade memecoins to launder about $430,000 from the hack 20.