Bitcoin traded around 74,600 dollars ahead of the European open on Tuesday, down 0.3 percent over 24 hours and below the 75,000 dollar level. Ether was at 2,117 dollars. By our market data, bitcoin was at $74,533 as of 06:27 GMT, up 0.21 percent from the previous close, its lowest in 31 days.
Investors are waiting for the US October consumer price index, due at 14:30 Paris time. Economists expect a monthly rise of 0.3 percent and an annual rate of 3.9 percent. Futures markets priced an 85 percent probability of a 25 basis point rate hike at the Fed’s early December meeting, which would be the first hike since July 2023.
Flows and sellers weigh on the market
US spot bitcoin ETFs recorded net outflows of 1.28 billion dollars in the week of 2 to 6 November, the worst week since June. BlackRock’s IBIT accounted for 1.21 billion dollars of that. The year-to-date balance for 2026 has turned negative.
Miner MARA sold 13,597 BTC after its quarter close to repay 750 million dollars of loans backed by its bitcoin. The average sale price was 81,039 dollars, bringing in 1.1 billion dollars. Strategy, by contrast, bought 1,036 BTC last week at an average of 79,012 dollars.
Technical levels in focus
Bitget Wallet pointed to support at 73,000 dollars, with 68,000 dollars next. It said bitcoin would need to reclaim 80,000 dollars to signal real demand. Bitcoin fell to 73,761 dollars on Sunday evening, while Wall Street rebounded on Monday without it.
Related: Bitcoin slips back below $80,000 as oil falls 8% after US midterms · Bitcoin slips below $80,000 as traders brace for Fed decision
Data: CoinGecko
