Bitcoin Trims Early Gains, Trades Below $74,500 as Investors Await US Inflation Data

Bitcoin came under renewed selling pressure on November 10, 2026, after briefly climbing towards $75,231 during early trading. The world’s largest cryptocurrency later trimmed its gains and traded just above $74,443, reflecting continued uncertainty across digital asset markets as investors awaited the latest US inflation data.

Bitcoin was down 0.71% over the previous 24 hours and 2.86% over the past week, according to the supplied market update. The decline followed a broader sell-off in US technology and artificial intelligence (AI) stocks, which contributed to weakness in cryptocurrency prices.

However, the crypto market received some support from a recovery in global equities, falling energy prices and a weaker US dollar. Despite these supportive factors, institutional investment outflows and elevated US Treasury yields continued to weigh on market participation.

Key Highlights of Bitcoin Price Movement

• Bitcoin briefly reached approximately $75,231 before falling towards $74,443.
• The cryptocurrency declined 0.71% in 24 hours and 2.86% over one week.
• Bitcoin ETFs recorded $412 million in net outflows, while Ethereum ETFs saw $93.19 million in withdrawals.
• US inflation data is the next major event that investors are watching.
• Market participants are monitoring Bitcoin support near $74,300-$74,800 and resistance around $76,300-$76,500.

Bitcoin Price Today: Why Did BTC Trim Its Early Gains?

Bitcoin’s early recovery lost momentum as investors continued to assess developments in global financial markets. The cryptocurrency initially moved close to $75,231 but later slipped towards $74,443, indicating that buyers were still cautious after the recent decline.

The weakness in US technology and AI stocks also affected sentiment in the cryptocurrency market. Digital assets have increasingly attracted attention from institutional investors, making broader financial market conditions an important factor influencing short-term price movements.

At the same time, falling energy prices and a weaker US dollar provided some support to risk-sensitive assets. The recovery in global equities also helped prevent a deeper decline in cryptocurrency prices.

However, elevated Treasury yields and withdrawals from institutional investment products continued to limit buying interest. As a result, Bitcoin remained within a relatively narrow trading range while investors waited for fresh economic signals.

Bitcoin Support and Resistance Levels to Watch

Nischal Shetty, founder of WazirX, said Bitcoin was continuing to consolidate following its recent decline. He identified the immediate support zone at $74,300-$74,800, followed by another support area between $73,100 and $73,300.

On the upside, resistance remains around $76,300-$76,500. According to Shetty, holding the immediate support region could help stabilise Bitcoin’s price structure. A move above the resistance zone could encourage stronger market participation, while a break below support could bring the lower price range into focus.

These levels represent market observations rather than guaranteed price targets. Actual movements will depend on buying and selling activity, economic data and broader investor sentiment.

Bitcoin and Ethereum ETFs Record Significant Outflows

Institutional investment flows have become another important factor for cryptocurrency markets. Bitcoin exchange-traded funds (ETFs) recorded approximately $412 million in net outflows, while Ethereum ETFs experienced withdrawals of around $93.19 million.

ETF outflows indicate that investors withdrew more money from these products than they invested during the reported period. Such movements can reflect changing investor sentiment and influence expectations about institutional demand for digital assets.

However, ETF withdrawals do not necessarily mean that all market participants are selling their cryptocurrencies. Spot buying, short-covering and derivatives positioning can help offset institutional selling in the short term.

Shetty noted that Bitcoin and Ethereum holding important price levels despite these withdrawals indicated that other market activities were helping support prices.

US Inflation Data: The Next Major Test for Bitcoin

Investors are closely watching the upcoming US inflation data, scheduled for release at 7 pm IST, as it could influence expectations about the Federal Reserve’s future interest rate decisions.

According to Vikram Subburaj, CEO of Giottus, the inflation reading will be an important test for cryptocurrency markets. He said a core inflation figure above the monthly forecast of 0.2% could strengthen expectations of a Federal Reserve rate hike in December.

Higher inflation can make monetary policy more restrictive because central banks may keep interest rates elevated to control price increases. Higher interest rates can reduce demand for riskier investments by making traditional interest-bearing assets more attractive.

For Bitcoin, a stronger-than-expected inflation reading could create additional pressure and make it more difficult for the cryptocurrency to move above the $76,450 level, where recent recovery attempts have stalled.

On the other hand, an inflation reading closer to or below expectations could influence market expectations about future monetary policy. Investors will assess the data alongside other economic indicators before making trading decisions.

Bitcoin Outlook: What Should Investors Watch?

Subburaj suggested that investors planning to increase their Bitcoin holdings could consider dividing their purchases into two parts rather than committing the entire amount at once. Under this approach, the second purchase could be considered after the US inflation announcement, when market conditions become clearer.

He also highlighted the importance of monitoring the $74,700 level. If Bitcoin falls below this area, the next zone where buyers had recently entered the market was between $73,500 and $73,800.

Subburaj advised investors to keep leverage low ahead of the inflation release. Leveraged cryptocurrency positions can experience significant losses during sudden price movements, particularly when market volatility increases around major economic announcements.

Investors should also avoid treating short-term support and resistance levels as certain outcomes. Cryptocurrency prices can change rapidly in response to economic data, institutional flows and global market developments.

Cryptocurrency Investment Risks in India

Cryptocurrency investments carry substantial risks, particularly because digital asset prices can experience sharp fluctuations within short periods. Bitcoin and Ethereum are not protected from broader market uncertainty, changes in investor sentiment or sudden liquidity shifts.

The Reserve Bank of India (RBI) has cautioned that cryptocurrency products and non-fungible tokens (NFTs) are not regulated in India and involve significant risks. Investors may have limited or no regulatory recourse if they suffer financial losses from such transactions.

Anyone considering cryptocurrency investments should understand the risks, avoid excessive leverage and assess their ability to withstand potential losses. Market forecasts and analyst price levels should not be treated as guaranteed investment outcomes.

Conclusion

Bitcoin trimmed its early gains on November 10 and traded below $74,500 as investors remained cautious ahead of the latest US inflation data. ETF outflows, elevated Treasury yields and weakness in technology stocks continued to influence market sentiment, although falling energy prices, a weaker dollar and recovering global equities offered some support.

Traders are now watching the $74,300-$74,800 support zone and resistance between $76,300 and $76,500. The upcoming US inflation reading could provide fresh direction for Bitcoin and other cryptocurrencies, making it an important event for investors monitoring the digital asset market.