Published 12 November 2026. Prices are CoinGecko readings at 21:53 UK time (GMT).
Crypto is down today as the selling that followed Tuesday's US inflation figure carried on. Bitcoin fell 3.9% in 24 hours to about $71,500, its lowest daily level since 20 August, and the other large coins fell with it.
This page sets out the move, what sat next to it and what is scheduled next. It says nothing about where prices go from here.
The move in numbers
Coin | Price (US$) | Change over 24 hours |
|---|---|---|
Bitcoin (BTC) | 71,523 | -3.9% |
Ether (ETH) | 2,018 | -2.6% |
Solana (SOL) | 81.46 | -3.7% |
XRP | 1.04 | -2.2% |
Source: CoinGecko, 21:53 UK time. The whole crypto market was worth about $2.41 trillion at the same time, with bitcoin 59.5% of it.
A wider window shows a longer slide. On CoinGecko's daily series, bitcoin stood at $75,776 on Sunday 8 November and at $86,597 on 22 September, its highest daily reading in the past four months. Today's price is 5.6% below the first and 17.4% below the second. A fall of 10% to 20% from a recent peak is what traders call a market correction.
What sat next to the fall
No single cause is on record. Three things moved alongside crypto this week.
A firm US inflation reading. On Tuesday 10 November, the US Bureau of Labor Statistics reported that consumer prices rose 0.4% in October, seasonally adjusted. Prices excluding food and energy rose 0.3%. The bureau did not publish 12-month rates for October, because the matching October 2025 data are not available.
Higher short-term US yields. The two-year Treasury yield, which moves with what markets expect from the Federal Reserve's interest rate, rose from 4.56% on Monday to 4.73% on Tuesday and 4.86% on Thursday. The bond market was closed on Wednesday for Veterans Day. Higher expected rates raise the return on cash and bonds, which is one reason riskier assets, crypto among them, tend to come under pressure when rate expectations climb.
Weaker sentiment. The Crypto Fear and Greed Index read 28, "Fear", today, down from 32 on Tuesday. The index blends price swings, trading volume, social media and other inputs into a score from 0 to 100.
Why US data reaches crypto at all: since 2020, crypto has traded more closely with stocks. IMF researchers found that the correlation between bitcoin and the S&P 500 rose from 0.01 in 2017 to 2019 to 0.36 in 2020 to 2021.
What is scheduled next
- Friday 13 November, 13:30: US producer prices for October.
- Tuesday 8 and Wednesday 9 December: the Federal Reserve's next policy meeting, the last of 2026, with the decision on the Wednesday.
The rest of this week's dates, including the token unlocks, are in the crypto week ahead for 9 November.
Crypto prices can move sharply in either direction, around scheduled data or without it. For what that means in practice, see volatility.
Sources
- CoinGecko: bitcoin, ether, solana and XRP prices and 24-hour changes (market data read 12 November 2026, 21:53 UK time)
- CoinGecko: global crypto market capitalisation and bitcoin dominance (read 12 November 2026, 21:53 UK time)
- CoinGecko: bitcoin daily price history, 120 days to 12 November 2026
- US Bureau of Labor Statistics: Consumer Price Index, October 2026 (10 November 2026)
- US Department of the Treasury: Daily Treasury Par Yield Curve Rates, 2026
- Alternative.me: Crypto Fear and Greed Index (readings for 10 and 12 November 2026)
- IMF Blog: Crypto Prices Move More in Sync With Stocks, Posing New Risks (Tobias Adrian, Tara Iyer, Mahvash S Qureshi), 11 January 2022
- US Bureau of Labor Statistics: Producer Price Index release schedule
- Federal Reserve: Meeting calendars and information
