{"id":345311,"date":"2026-11-12T16:17:04","date_gmt":"2026-11-12T10:47:04","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=345311"},"modified":"2026-11-12T16:17:04","modified_gmt":"2026-11-12T10:47:04","slug":"bitcoin-price-today-btc-below-74000-us-inflation-fed-hike-bets-etf-outflows","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/bitcoin-price-today-btc-below-74000-us-inflation-fed-hike-bets-etf-outflows\/","title":{"rendered":"Bitcoin Price Today on 12 November 2026: BTC Slips to $73,344 as Hot US Inflation, Fed Rate-Hike Bets and ETF Outflows Weigh on the Crypto Market"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Bitcoin $73,344.71, down 0.4% (12 Nov). Crypto market cap $2.43 trillion, down 0.78%. US CPI 0.4% vs 0.3% forecast. ETF outflows above $1.4 billion since 5 Nov.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Bitcoin is at $73,344.71, down 0.4%, after the coin slipped below $74,000 on 12 November 2026. The drop reflects hotter US inflation, stronger bets on a Fed rate hike, a firmer dollar, ETF outflows and a tilt toward AI investments, all at a time of thin liquidity. Analysts watch $73,000 to $74,000 as support and $75,000 as resistance, while ETF flow data, the next Fed signals and the direction of US technology shares are the near-term triggers for any rebound or further slide in the crypto market. Sentiment is fearful, with the Fear and Greed Index at 28.<\/p>\n<\/p><\/div>\n<p>Bitcoin price today stands at $73,344.71 after a 0.4% dip on Thursday, 12 November 2026, and the broader crypto market is down 0.78% at $2.43 trillion, a mild move on the day but part of a longer slide. Bitcoin has lost about 8.4% over seven days and about 12.3% over 30 days, and it trades roughly 42% below the record near $126,000 set in October 2025.<\/p>\n<p>The question for traders is whether this Bitcoin price drop is a pause or the start of another leg lower. This article explains what is behind the slide, which levels matter, how Bitcoin compares with Indian equities today and what Indian investors should know about tax before acting.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=bitcoin-price-today-btc-below-74000\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/bitcoin-price-today-btc-below-74000-us-inflation-fed-hike-bets-etf-outflows\/#BTC_Snapshot_on_12_November_2026\" title=\"BTC Snapshot on 12 November 2026\">BTC Snapshot on 12 November 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/bitcoin-price-today-btc-below-74000-us-inflation-fed-hike-bets-etf-outflows\/#Why_Is_Bitcoin_Falling_Today_The_Main_Pressures\" title=\"Why Is Bitcoin Falling Today? The Main Pressures\">Why Is Bitcoin Falling Today? The Main Pressures<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/bitcoin-price-today-btc-below-74000-us-inflation-fed-hike-bets-etf-outflows\/#Hotter_US_inflation_and_Fed_rate-hike_bets\" title=\"Hotter US inflation and Fed rate-hike bets\">Hotter US inflation and Fed rate-hike bets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/bitcoin-price-today-btc-below-74000-us-inflation-fed-hike-bets-etf-outflows\/#Bitcoin_ETF_outflows_keep_demand_weak\" title=\"Bitcoin ETF outflows keep demand weak\">Bitcoin ETF outflows keep demand weak<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/bitcoin-price-today-btc-below-74000-us-inflation-fed-hike-bets-etf-outflows\/#The_AI-linked_tech_sell-off_and_a_risk-asset_correlation\" title=\"The AI-linked tech sell-off and a risk-asset correlation\">The AI-linked tech sell-off and a risk-asset correlation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/bitcoin-price-today-btc-below-74000-us-inflation-fed-hike-bets-etf-outflows\/#Liquidity_is_thinner_and_money_is_rotating_to_AI\" title=\"Liquidity is thinner and money is rotating to AI\">Liquidity is thinner and money is rotating to AI<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/bitcoin-price-today-btc-below-74000-us-inflation-fed-hike-bets-etf-outflows\/#Bitcoin_Price_Today_Support_and_Resistance_Levels_to_Watch\" title=\"Bitcoin Price Today: Support and Resistance Levels to Watch\">Bitcoin Price Today: Support and Resistance Levels to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/bitcoin-price-today-btc-below-74000-us-inflation-fed-hike-bets-etf-outflows\/#Is_There_Any_Bullish_Case_for_Bitcoin_Right_Now\" title=\"Is There Any Bullish Case for Bitcoin Right Now?\">Is There Any Bullish Case for Bitcoin Right Now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/bitcoin-price-today-btc-below-74000-us-inflation-fed-hike-bets-etf-outflows\/#Bitcoin_vs_Indian_Stocks_Today\" title=\"Bitcoin vs Indian Stocks Today\">Bitcoin vs Indian Stocks Today<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/bitcoin-price-today-btc-below-74000-us-inflation-fed-hike-bets-etf-outflows\/#What_the_Bitcoin_Price_Drop_Means_for_Indian_Investors\" title=\"What the Bitcoin Price Drop Means for Indian Investors\">What the Bitcoin Price Drop Means for Indian Investors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/bitcoin-price-today-btc-below-74000-us-inflation-fed-hike-bets-etf-outflows\/#Risks_and_What_to_Watch_Next\" title=\"Risks and What to Watch Next\">Risks and What to Watch Next<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/bitcoin-price-today-btc-below-74000-us-inflation-fed-hike-bets-etf-outflows\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/bitcoin-price-today-btc-below-74000-us-inflation-fed-hike-bets-etf-outflows\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/bitcoin-price-today-btc-below-74000-us-inflation-fed-hike-bets-etf-outflows\/#What_is_the_Bitcoin_price_today\" title=\"What is the Bitcoin price today?\">What is the Bitcoin price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/bitcoin-price-today-btc-below-74000-us-inflation-fed-hike-bets-etf-outflows\/#Why_is_Bitcoin_falling_today\" title=\"Why is Bitcoin falling today?\">Why is Bitcoin falling today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/bitcoin-price-today-btc-below-74000-us-inflation-fed-hike-bets-etf-outflows\/#Will_Bitcoin_fall_to_69000\" title=\"Will Bitcoin fall to $69,000?\">Will Bitcoin fall to $69,000?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/bitcoin-price-today-btc-below-74000-us-inflation-fed-hike-bets-etf-outflows\/#How_do_Bitcoin_ETF_outflows_affect_the_price\" title=\"How do Bitcoin ETF outflows affect the price?\">How do Bitcoin ETF outflows affect the price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/bitcoin-price-today-btc-below-74000-us-inflation-fed-hike-bets-etf-outflows\/#How_does_US_inflation_data_move_the_crypto_market\" title=\"How does US inflation data move the crypto market?\">How does US inflation data move the crypto market?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/bitcoin-price-today-btc-below-74000-us-inflation-fed-hike-bets-etf-outflows\/#What_are_the_key_Bitcoin_support_and_resistance_levels_now\" title=\"What are the key Bitcoin support and resistance levels now?\">What are the key Bitcoin support and resistance levels now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/bitcoin-price-today-btc-below-74000-us-inflation-fed-hike-bets-etf-outflows\/#How_is_Bitcoin_taxed_in_India\" title=\"How is Bitcoin taxed in India?\">How is Bitcoin taxed in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/bitcoin-price-today-btc-below-74000-us-inflation-fed-hike-bets-etf-outflows\/#Does_the_Bitcoin_price_drop_affect_Indian_stocks\" title=\"Does the Bitcoin price drop affect Indian stocks?\">Does the Bitcoin price drop affect Indian stocks?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"BTC_Snapshot_on_12_November_2026\"><\/span><strong>BTC Snapshot on 12 November 2026<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<thead>\n<tr>\n<th style=\"background:#1F4E79;color:#FFFFFF;text-align:left;\">Metric<\/th>\n<th style=\"background:#1F4E79;color:#FFFFFF;text-align:left;\">Value<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Bitcoin price (24-hour move)<\/td>\n<td>$73,344.71 (down 0.4%)<\/td>\n<\/tr>\n<tr>\n<td>Seven-day \/ 30-day move<\/td>\n<td>Down about 8.4% \/ down about 12.3%<\/td>\n<\/tr>\n<tr>\n<td>Bitcoin market capitalisation<\/td>\n<td>About $1.48 trillion<\/td>\n<\/tr>\n<tr>\n<td>Total crypto market capitalisation<\/td>\n<td>$2.43 trillion (down 0.78%)<\/td>\n<\/tr>\n<tr>\n<td>Crypto Fear and Greed Index<\/td>\n<td>28 (Fear)<\/td>\n<\/tr>\n<tr>\n<td>Distance from October 2025 record<\/td>\n<td>About 42% below<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The picture behind the Bitcoin price drop is one of persistent but orderly selling. Bitcoin has hovered between about $73,000 and $75,000 for several sessions and has failed each attempt to hold above $75,000, which is why that level now acts as resistance.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_Bitcoin_Falling_Today_The_Main_Pressures\"><\/span><strong>Why Is Bitcoin Falling Today? The Main Pressures<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Hotter_US_inflation_and_Fed_rate-hike_bets\"><\/span><strong>Hotter US inflation and Fed rate-hike bets<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>US consumer prices rose 0.4% in October, above the 0.3% forecast, in data released on 10 November. Bitcoin traded near $74,264 just before the release and dropped to about $73,494 within five minutes. The data strengthened expectations of another Federal Reserve rate increase in December, which is why Bitcoin falling today is tied so closely to US data, and a firmer dollar added to the pressure on assets priced in dollars.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Bitcoin_ETF_outflows_keep_demand_weak\"><\/span><strong>Bitcoin ETF outflows keep demand weak<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bitcoin ETF outflows are the steadiest drag on Bitcoin price today. Preliminary Farside Investors data show about $1.44 billion of net withdrawals from US spot Bitcoin ETFs between 5 and 11 November, extending the streak into a fifth session by some counts. In the week to 6 November the outflow was $1.28 billion, the largest since late June. BlackRock&#8217;s iShares Bitcoin Trust accounted for a large share of the redemptions.<\/p>\n<p>Exact daily numbers vary. Trackers put the outflow for 11 November anywhere from about $95 million to about $300 million, so any single-day figure should be read as provisional.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_AI-linked_tech_sell-off_and_a_risk-asset_correlation\"><\/span><strong>The AI-linked tech sell-off and a risk-asset correlation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bitcoin is trading like a risk asset. The Nasdaq fell 5.5% on 5 November on concerns about AI-sector growth, and Bitcoin dropped about 6% to $75,700 the same day, triggering more than $1 billion of forced liquidations across nearly 211,000 traders. Bitcoin&#8217;s correlation with the S&#038;P 500 reached about 91% over one week, so tech weakness carries straight into crypto.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Liquidity_is_thinner_and_money_is_rotating_to_AI\"><\/span><strong>Liquidity is thinner and money is rotating to AI<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Behind the Bitcoin price drop, analysts at Bitget Wallet point to shrinking stablecoin supply alongside ETF withdrawals as part of a liquidity problem, and Bitfinex analysts say a recovery needs renewed spot buying and a sustained return of ETF inflows. Commentary on the crypto market today also notes that some investment is shifting toward AI-related assets, which competes with Bitcoin for the same risk budget.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_Price_Today_Support_and_Resistance_Levels_to_Watch\"><\/span><strong>Bitcoin Price Today: Support and Resistance Levels to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitcoin falling today has brought the price right to the first support zone. The levels below come from analyst commentary and the 200-day average, and the distances are measured from $73,344.71.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<thead>\n<tr>\n<th style=\"background:#1F4E79;color:#FFFFFF;text-align:left;\">Level<\/th>\n<th style=\"background:#1F4E79;color:#FFFFFF;text-align:left;\">Type<\/th>\n<th style=\"background:#1F4E79;color:#FFFFFF;text-align:left;\">Distance from $73,344.71<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>$75,600<\/td>\n<td>Resistance<\/td>\n<td>3.1% above<\/td>\n<\/tr>\n<tr>\n<td>$75,000<\/td>\n<td>Resistance, repeated rejection<\/td>\n<td>2.3% above<\/td>\n<\/tr>\n<tr>\n<td>$73,000<\/td>\n<td>Support, near the 200-day average<\/td>\n<td>0.5% below<\/td>\n<\/tr>\n<tr>\n<td>$72,000<\/td>\n<td>Support<\/td>\n<td>1.8% below<\/td>\n<\/tr>\n<tr>\n<td>$69,000<\/td>\n<td>Downside marker if $73,000 breaks<\/td>\n<td>5.9% below<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>A daily close below $73,000 would put the 200-day average, which sat just above $73,000 on 9 November, under pressure, and some analysts see $69,000 as the next area. A close above $75,000, backed by ETF inflows, would be the first sign that the selling is fading.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Is_There_Any_Bullish_Case_for_Bitcoin_Right_Now\"><\/span><strong>Is There Any Bullish Case for Bitcoin Right Now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There is one, though it is conditional, and it starts with how the Bitcoin price drop has stalled near the 200-day average. Corporate treasury buyers have continued to add Bitcoin even as ETFs sell, and the price has held above the 73,000 area for several sessions. Some of the recent liquidations have cleared overextended borrowed positions, although analysts note that derivatives positioning has not fully reset.<\/p>\n<p>The Fear and Greed reading of 28 shows cautious sentiment in the crypto market today, which can precede a rebound after a Bitcoin price drop of about 12% in 30 days, when selling is exhausted, but it can also stay low for weeks. A bounce after this Bitcoin price drop needs fresh spot demand and a calmer inflation and dollar backdrop, and neither is guaranteed.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_vs_Indian_Stocks_Today\"><\/span><strong>Bitcoin vs Indian Stocks Today<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\" border=\"1\" cellpadding=\"8\">\n<thead>\n<tr>\n<th style=\"background:#1F4E79;color:#FFFFFF;text-align:left;\">Market<\/th>\n<th style=\"background:#1F4E79;color:#FFFFFF;text-align:left;\">Level (12 Nov 2026)<\/th>\n<th style=\"background:#1F4E79;color:#FFFFFF;text-align:left;\">Move on the day<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Bitcoin<\/td>\n<td>$73,344.71<\/td>\n<td>Down 0.4%<\/td>\n<\/tr>\n<tr>\n<td>Total crypto market cap<\/td>\n<td>$2.43 trillion<\/td>\n<td>Down 0.78%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/indices\/nifty-50\/nifty-50-share-price-today\">Nifty 50<\/a><\/td>\n<td>25,299.35<\/td>\n<td>Up 0.18%<\/td>\n<\/tr>\n<tr>\n<td>Nifty Smallcap 250<\/td>\n<td>17,994.50<\/td>\n<td>Up 1.10%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Indian equities held firm while Bitcoin falling today did not spill over, which shows the two markets are not moving in lockstep during this Bitcoin price drop. Over longer periods the crypto market today and Indian shares can react to the same global triggers, such as US rate expectations, so a prolonged risk-off move abroad can still weigh on both.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track Indian stocks and sectors on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_the_Bitcoin_Price_Drop_Means_for_Indian_Investors\"><\/span><strong>What the Bitcoin Price Drop Means for Indian Investors<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The tax rules apply regardless of the Bitcoin price drop. At the current Bitcoin price today, gains from transferring Bitcoin and other virtual digital assets are taxed at a flat 30% with no deduction except the cost of acquisition, a 1% TDS applies to qualifying transfers, and losses cannot be set off against other income. Reporting requirements for crypto entities were also widened from 1 April 2026.<\/p>\n<p>Rupee prices on Indian exchanges depend on the dollar rate and local premiums, so the figure you see can differ from the dollar price quoted globally. Because the Bitcoin price drop is volatile and the tax treatment is harsh on losses, position size and time horizon deserve more thought than the daily headline.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_and_What_to_Watch_Next\"><\/span><strong>Risks and What to Watch Next<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For the crypto market today, the main downside risks are another hot inflation reading, a firmer dollar, continued ETF outflows and further weakness in AI-linked shares. The upside risks are a pause in outflows, softer inflation data and a recovery in US tech. Watch daily ETF flow data, Fed commentary ahead of the December meeting and whether Bitcoin can close above $75,000, which would decide whether the Bitcoin price drop extends or fades.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Indian markets and set price alerts.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The latest Bitcoin price drop reflects a crypto market squeezed by hot US inflation, rate-hike bets, ETF outflows and a weak AI-linked tech tape. The $73,000 to $74,000 zone is the line to watch, with $75,000 the first test on the way up and $69,000 the marker if support fails. Indian investors should weigh the 30% tax and 1% TDS before acting, and treat every level here as a risk guide, not a forecast.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Bitcoin_price_today\"><\/span><strong>What is the Bitcoin price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> On 12 November 2026 Bitcoin is trading at about $73,344.71, down 0.4% in 24 hours, according to market data. The wider crypto market capitalisation is about $2.43 trillion, down 0.78%. Other trackers show slightly different prints between $73,300 and $73,600 because prices vary by exchange and by the minute.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_Bitcoin_falling_today\"><\/span><strong>Why is Bitcoin falling today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Bitcoin is falling today because of four overlapping pressures: US inflation for October came in at 0.4% against a 0.3% forecast, traders raised bets on a Fed rate hike, the dollar firmed, and US spot Bitcoin ETFs have lost more than $1.4 billion since 5 November. Losses in AI-linked tech stocks have also pulled risk assets lower, and some money is moving toward AI-related investments.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Will_Bitcoin_fall_to_69000\"><\/span><strong>Will Bitcoin fall to $69,000?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Some analysts say a clean break below $73,000 could extend the Bitcoin price drop toward $69,000, which is about 5.9% below the current price. That is a conditional scenario, not a forecast. Bitcoin could also hold the $73,000 to $74,000 zone and recover if ETF inflows return and inflation pressure eases, so levels should be treated as risk markers and not as predictions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_Bitcoin_ETF_outflows_affect_the_price\"><\/span><strong>How do Bitcoin ETF outflows affect the price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Bitcoin ETF outflows mean funds sell Bitcoin to meet redemptions, which removes a major source of steady demand. Preliminary data show about $1.44 billion of net outflows between 5 and 11 November, the largest weekly outflow since late June in the week to 6 November. Daily figures for 11 November differ by tracker, from about $95 million to about $300 million, so exact totals are provisional.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_does_US_inflation_data_move_the_crypto_market\"><\/span><strong>How does US inflation data move the crypto market?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Hotter US inflation raises the chance that the Federal Reserve keeps rates high or raises them, which lifts the dollar and bond yields and makes risk assets such as Bitcoin less attractive. After the 10 November CPI release, Bitcoin fell from about $74,264 to about $73,494 within five minutes. Bitcoin has recently moved closely with US shares, with a 91% correlation to the S&#038;P 500 over one week.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_key_Bitcoin_support_and_resistance_levels_now\"><\/span><strong>What are the key Bitcoin support and resistance levels now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Analysts watch $73,000 to $74,000 as the key support zone, with the 200-day moving average just above $73,000 and a deeper level near $72,000. On the upside, $75,000 and about $75,600 are the nearest resistance levels. A daily close below $73,000 would strengthen the bearish case, while a close above $75,000 would ease the pressure.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_is_Bitcoin_taxed_in_India\"><\/span><strong>How is Bitcoin taxed in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Income from the transfer of virtual digital assets such as Bitcoin is taxed at a flat 30% under Section 115BBH, with only the cost of acquisition deductible, and a 1% TDS applies under Section 194S on qualifying transfers. Losses cannot be set off against other income. The government kept these rules unchanged in Budget 2026-27, so any decision should factor in the tax cost.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Does_the_Bitcoin_price_drop_affect_Indian_stocks\"><\/span><strong>Does the Bitcoin price drop affect Indian stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> There is no direct link, and on 12 November the Nifty 50 closed at 25,299.35, up 0.18%, while Bitcoin slipped. Indirect links exist through global risk appetite, because both Bitcoin and Indian technology shares react to US rate expectations and AI-sector sentiment. A sharp global risk-off move can therefore weigh on both markets together.<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Bitcoin price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"On 12 November 2026 Bitcoin is trading at about $73,344.71, down 0.4% in 24 hours, according to market data. The wider crypto market capitalisation is about $2.43 trillion, down 0.78%. Other trackers show slightly different prints between $73,300 and $73,600 because prices vary by exchange and by the minute.\"}},{\"@type\":\"Question\",\"name\":\"Why is Bitcoin falling today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Bitcoin is falling today because of four overlapping pressures: US inflation for October came in at 0.4% against a 0.3% forecast, traders raised bets on a Fed rate hike, the dollar firmed, and US spot Bitcoin ETFs have lost more than $1.4 billion since 5 November. Losses in AI-linked tech stocks have also pulled risk assets lower, and some money is moving toward AI-related investments.\"}},{\"@type\":\"Question\",\"name\":\"Will Bitcoin fall to $69,000?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Some analysts say a clean break below $73,000 could extend the Bitcoin price drop toward $69,000, which is about 5.9% below the current price. That is a conditional scenario, not a forecast. Bitcoin could also hold the $73,000 to $74,000 zone and recover if ETF inflows return and inflation pressure eases, so levels should be treated as risk markers and not as predictions.\"}},{\"@type\":\"Question\",\"name\":\"How do Bitcoin ETF outflows affect the price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Bitcoin ETF outflows mean funds sell Bitcoin to meet redemptions, which removes a major source of steady demand. Preliminary data show about $1.44 billion of net outflows between 5 and 11 November, the largest weekly outflow since late June in the week to 6 November. Daily figures for 11 November differ by tracker, from about $95 million to about $300 million, so exact totals are provisional.\"}},{\"@type\":\"Question\",\"name\":\"How does US inflation data move the crypto market?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Hotter US inflation raises the chance that the Federal Reserve keeps rates high or raises them, which lifts the dollar and bond yields and makes risk assets such as Bitcoin less attractive. After the 10 November CPI release, Bitcoin fell from about $74,264 to about $73,494 within five minutes. Bitcoin has recently moved closely with US shares, with a 91% correlation to the S&P 500 over one week.\"}},{\"@type\":\"Question\",\"name\":\"What are the key Bitcoin support and resistance levels now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Analysts watch $73,000 to $74,000 as the key support zone, with the 200-day moving average just above $73,000 and a deeper level near $72,000. On the upside, $75,000 and about $75,600 are the nearest resistance levels. A daily close below $73,000 would strengthen the bearish case, while a close above $75,000 would ease the pressure.\"}},{\"@type\":\"Question\",\"name\":\"How is Bitcoin taxed in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Income from the transfer of virtual digital assets such as Bitcoin is taxed at a flat 30% under Section 115BBH, with only the cost of acquisition deductible, and a 1% TDS applies under Section 194S on qualifying transfers. Losses cannot be set off against other income. The government kept these rules unchanged in Budget 2026-27, so any decision should factor in the tax cost.\"}},{\"@type\":\"Question\",\"name\":\"Does the Bitcoin price drop affect Indian stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"There is no direct link, and on 12 November the Nifty 50 closed at 25,299.35, up 0.18%, while Bitcoin slipped. Indirect links exist through global risk appetite, because both Bitcoin and Indian technology shares react to US rate expectations and AI-sector sentiment. A sharp global risk-off move can therefore weigh on both markets together.\"}}]}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price today is $73,344.71, down 0.4%, as hot US inflation, Fed hike bets, ETF outflows and a firmer dollar weigh on the crypto market. Levels and India tax rules explained.<\/p>\n","protected":false},"author":35,"featured_media":345310,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[23012,23011,23010,23014,23013],"class_list":["post-345311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin-etf-outflows","tag-bitcoin-price-drop","tag-bitcoin-price-today","tag-btc-price","tag-crypto-market-today"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["345310"],"rank_math_title":["Bitcoin Price Today: BTC Falls Below $74,000 on Fed Hike Fears"],"rank_math_description":["Bitcoin price today is $73,344.71, down 0.4% on 12 Nov 2026. Hot US CPI, Fed hike bets, a stronger dollar and ETF outflows explained, with support and resistance levels."],"rank_math_focus_keyword":["Bitcoin price today | Density Target: 1.2-1.5%"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/11\/bitcoin-price-today-on-12-november-2026-btc-slips-to-73-344-as-hot-us-inflation.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/345311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=345311"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/345311\/revisions"}],"predecessor-version":[{"id":345312,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/345311\/revisions\/345312"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/345310"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=345311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=345311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=345311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}