Bitcoin is down 1.63% to $74,520 while spot exchange-traded funds recorded a $430.2 million outflow on November 5.
The digital asset traded between $73,591 and $76,095 during the current session. This price level marks the lowest session close since August 20, 2026. Over the previous five sessions, Bitcoin fluctuated between $74,795 and $81,080.
Spot Bitcoin ETFs drove the prior market surge but recently posted a $430.2 million outflow on November 5. Cumulative net inflows for these funds dropped from $57.96 billion to $56.11 billion over recent weeks. Total assets held within the funds declined from $109.31 billion to $96.65 billion in the same period.
The dollar index rose 0.60% during the day, leading broader market moves. An analyst linked the strengthening US currency and rising yields to the decline in Bitcoin prices from their peak. Market participants noted that continued dollar appreciation could pressure the cryptocurrency further if ETF demand remains weak.
Market participants see a fair chance of Bitcoin reaching $150,000 by 2030. Prices near $250,000 look unlikely because they require a market value above $5 trillion while ETF buyers pull money out.
Traders now look toward the US Core CPI release scheduled for Tuesday, November 10. The consensus forecast for the indicator stands at 0.2%, compared to the previous reading of 0.3%.
Sources: Yahoo Finance quotes, ForTraders quotes, ForTraders economic calendar.
