Crypto sentiment has sat in Fear or Extreme Fear for seven straight days as money keeps leaving bitcoin and ether ETFs. The Crypto Fear & Greed Index reads 28 (alternative.me), Bitcoin is near $73,398 and Ethereum near $2,044 (CoinGecko), and US spot bitcoin ETFs posted a fifth straight day of net outflows on November 11 (CoinLab). PulseChain (PLS) is down about 9.5% over seven days on CoinGecko data.
This is education, not financial advice. All prices below were pulled around 6:00 a.m. ET on November 12, 2026, and markets move fast.
Market sentiment: Fear at 28
The Crypto Fear & Greed Index reads 28 (Fear) today, a tick lower than Wednesday’s 29. Over the past eight days it has read 50, 28, 25, 28, 29, 32, 29 and 28, so the November 5 Neutral reading is now a week behind us.
The total crypto market is worth about $2.43 trillion, with Bitcoin making up about 60.5% of it, according to CoinGecko’s global data.
Bitcoin (BTC) today: flat overnight, still near a three-month low
Bitcoin is trading near $73,398, down about 0.8% over 24 hours and down 8.5% over seven days on CoinGecko. Hourly prices this week ranged from about $72,840 to about $80,330.
- Quiet night, lighter bets: Bitcoin moved in a roughly $1,350 band overnight on Coinbase, while open interest on Binance’s main bitcoin perpetual fell about 4% and funding stayed below its neutral level, a sign traders were closing positions rather than opening new ones, Coindaro reported.
- ETF outflows, day five: US spot bitcoin ETFs lost a net $299.9 million on November 11. BlackRock’s IBIT shed $269.7 million and Grayscale’s GBTC $39.1 million, while Morgan Stanley’s MSBT took in $9.0 million. Five days of outflows now total about $1.44 billion, per CoinLab using SoSoValue data, matching Farside Investors figures cited by Coindaro.
- Still near the lows: Bitcoin touched $72,695 on November 10, its lowest level in around three months, Mint reported, as hot US inflation and rate-hike signals cut appetite for risky assets.
- Stablecoin cash shrinking: Dollar stablecoin supply was about $290.69 billion, down $3.68 billion in a week, per DefiLlama data cited by Coindaro. Stablecoins are often the cash that moves into crypto before buying, so a shrinking supply means less fresh money waiting on the sidelines.
Ethereum (ETH) today: down 15% on the week
Ethereum is near $2,044, down about 0.7% over 24 hours and down 15.4% over seven days on CoinGecko, again the weakest of the three coins we track. The news around it:
- Ether ETFs bleed too: US spot ether ETFs lost a net $144.81 million on November 11, their fifth straight day of outflows, and BlackRock’s ETHA accounted for $129.78 million of it, EconoTimes reported using SoSoValue data. None of the 11 funds took in new money that day.
- Glamsterdam audits due this week: The Ethereum Foundation commissioned ChainSecurity and Dedaub to audit EIP-8037 and EIP-8038, two gas changes that could affect some deployed contracts, with results expected before November 16, TokenPost reported. Ethlabs recommends no spec changes or new Hoodi testnet date until the findings are clear, and says an open Q&A is planned for the November 16 developer call (Ethlabs). The upgrade aims to raise the block gas limit from 60 million to 200 million.
- A big holder’s paper loss: Ethereum treasury company BitMine Immersion Technologies reported a $6.3 billion net loss for the fiscal year ended August 31, driven mostly by unrealized losses on its ETH, according to its Form 10-K as reported by FXStreet.
PulseChain (PLS) today: a small daily bounce, thin data
PLS is near $0.00000523, up about 2.7% over 24 hours but down about 9.5% over seven days on CoinGecko. CoinGecko showed very little reported 24-hour trading volume for PLS this morning, and its hourly PLS feed had long gaps this week (you can see them in the chart above), so read short-term moves with extra care.
We did not find major-outlet PulseChain headlines this morning that we could verify, so we are sticking to the data. New to the chain? Start with What Is PulseChain and Why Was It Built and What Are PulseChain Validators.
What is moving markets: rates, AI stocks and Washington
Macro: rate-hike bets hold, bond yields jump
After Tuesday’s hot October CPI report, the two-year Treasury yield jumped 17 basis points to 4.75% and the 10-year rose 13 basis points to 5%, Anadolu Agency reported. Reuters said a quarter-point Fed hike in December is now essentially locked in, with about a 10% chance of a half-point move, and Dallas Fed President Lorie Logan said two more increases were needed (Reuters via Euronext). Next up: October producer prices on Friday, November 13, at 8:30 a.m. ET (Coindaro).
Likely short-term impact: higher yields and a firm dollar make low-risk assets more attractive and usually weigh on crypto, so Friday’s PPI could add volatility. Longer term: how far the Fed goes into 2027 shapes how much appetite there is for riskier assets.
Tech: a rally that crypto sat out, then a wobble
US stocks rose on Wednesday: the S&P 500 gained 1.3% and the Nasdaq 1.6%, helped by a 24% jump in CoreWeave after its earnings outlook, Yahoo Finance reported. Bitcoin largely sat out that rebound (CoinDesk). Early Thursday, Nasdaq-100 futures fell about 0.9% after a report that Nvidia’s board is preparing to replace its CEO, CNBC reported. Why it matters for crypto: crypto has tracked AI-linked stocks closely this year, so a shaky tech open can spill over.
Regulation: rules from the agencies, not Congress (for now)
The CLARITY Act, the crypto market-structure bill, remains stuck after a 49-50 Senate cloture vote failed on September 15, Crypto Briefing reported. The SEC and CFTC are expected to keep writing crypto rules under their existing powers, including an SEC proposal called “Regulation Crypto Assets” with two capital-raising exemptions, per American Banker. Separately, House Democrats are reportedly drafting their own bill that would give the SEC a bigger role, though no text has been released (Crypto Briefing). Short term: little changes for everyday users. Long term: rules made by agencies can be reversed later, so the industry still wants a law. Curious what “security” even means here? Our explainer on securities and crypto lands next Tuesday.
Mafia safety tip: the surprise group chat
The CFTC just warned about scammers adding random phone numbers to WhatsApp, Telegram and other group chats that hype “guaranteed” crypto returns, fake testimonials and “cooperative trading” pump-and-dumps (CFTC advisory). Its advice: don’t reply, delete the chat, block and report the admins, and set your apps so only contacts can add you. In a fearful market, “guaranteed” profit pitches get louder. Real trades always carry risk. For another way scammers fake excitement, see our Mafia Watch on wash trading and fake volume.
Frequently asked questions
Why is crypto down this week?
A hotter-than-expected October inflation report pushed the odds of a December Fed rate hike to around 90%, CoinDesk reported, and US spot bitcoin ETFs have now had five straight days of net outflows totaling about $1.44 billion, per CoinLab citing SoSoValue data. Higher-rate fears tend to weigh on riskier assets like crypto.
What is the Crypto Fear & Greed Index today?
It reads 28, “Fear,” on November 12, 2026, down from 29 the day before, per alternative.me. It has read Fear or Extreme Fear every day since November 6.
What is the next big event for crypto markets?
US producer prices (PPI) for October come out Friday, November 13, at 8:30 a.m. ET, and markets read them as an early clue for consumer inflation, Coindaro noted. A second hot inflation reading would matter for the Fed’s December 8-9 decision.
Is this financial advice?
No. CoinMafia shares market news for education only. We do not tell anyone what to buy or sell, and we do not predict prices.
Keep learning
- Crypto Market Today: November 11, 2026
- Mafia Watch: How to Spot Wash Trading and Fake Crypto Volume
- Why $MAFIA? The Coin, the Validators, and the Business Around Them
- Crypto Made Simple
- How to Get Started in Crypto Safely
Disclaimer: This post is for education only and is not financial, investment, legal or tax advice. CoinMafia does not tell you what to buy or sell and does not predict prices. Crypto is volatile; do your own research.
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