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

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.

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.

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BTC Snapshot on 12 November 2026

Metric	Value
Bitcoin price (24-hour move)	$73,344.71 (down 0.4%)
Seven-day / 30-day move	Down about 8.4% / down about 12.3%
Bitcoin market capitalisation	About $1.48 trillion
Total crypto market capitalisation	$2.43 trillion (down 0.78%)
Crypto Fear and Greed Index	28 (Fear)
Distance from October 2025 record	About 42% below

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.

Why Is Bitcoin Falling Today? The Main Pressures

Hotter US inflation and Fed rate-hike bets

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.

Bitcoin ETF outflows keep demand weak

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's iShares Bitcoin Trust accounted for a large share of the redemptions.

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.

The AI-linked tech sell-off and a risk-asset correlation

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's correlation with the S&P 500 reached about 91% over one week, so tech weakness carries straight into crypto.

Liquidity is thinner and money is rotating to AI

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.

Bitcoin Price Today: Support and Resistance Levels to Watch

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.

Level	Type	Distance from $73,344.71
$75,600	Resistance	3.1% above
$75,000	Resistance, repeated rejection	2.3% above
$73,000	Support, near the 200-day average	0.5% below
$72,000	Support	1.8% below
$69,000	Downside marker if $73,000 breaks	5.9% below

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.

Is There Any Bullish Case for Bitcoin Right Now?

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.

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.

Bitcoin vs Indian Stocks Today

Market	Level (12 Nov 2026)	Move on the day
Bitcoin	$73,344.71	Down 0.4%
Total crypto market cap	$2.43 trillion	Down 0.78%
Nifty 50	25,299.35	Up 0.18%
Nifty Smallcap 250	17,994.50	Up 1.10%

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.

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What the Bitcoin Price Drop Means for Indian Investors

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.

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.

Risks and What to Watch Next

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.

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Conclusion

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.

Frequently Asked Questions

What is the Bitcoin price today?

Ans. 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.

Why is Bitcoin falling today?

Ans. 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.

Will Bitcoin fall to $69,000?

Ans. 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.

How do Bitcoin ETF outflows affect the price?

Ans. 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.

How does US inflation data move the crypto market?

Ans. 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.

What are the key Bitcoin support and resistance levels now?

Ans. 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.

How is Bitcoin taxed in India?

Ans. 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.

Does the Bitcoin price drop affect Indian stocks?

Ans. 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.