The Bitcoin price today was modestly higher on Wednesday, November 11, as major cryptocurrencies recovered some of Tuesday’s losses even as US spot Bitcoin ETFs extended outflows to a fourth session.
What happened in the crypto market today?
Bitcoin last traded at $74,213 at 17:04 GMT, up 0.7% from the UTC open of $73,699, according to Kraken data.
It traded as high as $74,400 and as low as $73,114 in Wednesday’s UTC session, after a 24-hour low of $72,585.
Ether was at $2,077, up 1.3% from the UTC open of $2,051. XRP was at $1.072, up 1.6%. Solana rose 2.1% to $84.95 and Dogecoin 1.6% to $0.06905. XRP, which Invezz earlier flagged for pressure around the $1 area , has held above $1.
Over 24 hours, CoinGecko showed slightly larger gains of about 1.8% for Bitcoin, 2.7% for Ether, 2.2% for XRP, 3.4% for Solana and 2.6% for Dogecoin, reflecting the bounce from Tuesday’s lows. None of those moves reached 5%.
Invezz has already covered how hotter US CPI extended Bitcoin’s losses on Tuesday . Bitcoin remains below Monday’s close of $75,223, according to Yahoo Finance daily data.
Bitcoin, Ether and XRP indexed performance chart | Source: Yahoo Finance, Invezz
Why is crypto only modestly higher?
The move looks more like a stabilisation than a fresh rally. Tuesday’s US consumer price index rose a seasonally adjusted 0.4% in October, against a Dow Jones consensus of 0.3%, the Bureau of Labor Statistics said, as CNBC reported . Core CPI rose 0.3% against forecasts of 0.2%. The BLS did not publish an annual rate because last year’s government shutdown stopped it collecting October 2025 data.
Institutional flows remain a headwind. US spot Bitcoin ETFs recorded $95 million of net outflows on Tuesday, a fourth consecutive trading day of withdrawals, Farside Investors data showed. BlackRock’s iShares Bitcoin Trust led the redemptions with $78.2 million, and Fidelity’s FBTC had outflows of $36.8 million. Morgan Stanley’s MSBT took in $20.0 million. Outflows over the four sessions from November 5 to November 10 total about $1.14 billion. Wednesday’s flows had not yet been published.
US spot Ether ETFs had a much smaller $1.3 million of net outflows on Tuesday, after $184.6 million left on Monday, Farside data showed.
Forced selling added to Tuesday’s drop. Crypto futures liquidations reached about $725 million in the 24 hours around the inflation print, CoinGlass data showed, according to CoinDesk .
What happens next?
Bitcoin has held above the mid-$72,000 area and is pressing towards Wednesday’s high of $74,400. The $75,000 level, close to Monday’s close, remains nearby resistance. A renewed break lower would bring the $70,000 marker discussed in an earlier Invezz preview back into view; that level has not been reached this week.
US producer price data is due on Friday. The Federal Reserve’s next policy meeting is on December 8-9, with a quarter-point hike already widely priced in after Tuesday’s CPI print. US bond markets were closed on Wednesday for Veterans Day.
Should you buy Bitcoin now?
Wednesday’s bounce is modest and comes against four sessions of Bitcoin ETF outflows and firmer bets on a December rate hike. It does not, on its own, show that the post-CPI selling has fully run its course.
Investors weighing exposure can compare the best crypto exchanges or read our guide on how to buy Bitcoin . Our list of the best crypto to buy now is also updated regularly.
AI disclosure: AI tools assisted with research and drafting of this piece. An Invezz editor reviewed the facts, sources and wording before publication. Any opinions or analysis are Invezz’s, not those of an automated system.
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