Bitcoin faces volatility as $1.28 billion exits ETFs, CPI report in focus

Bitcoin faced renewed volatility on November 9 after a sharp selloff triggered widespread liquidations, placing the cryptocurrency under pressure ahead of a closely watched US inflation report scheduled for November 10. Recent trading sessions have seen Bitcoin struggle to regain traction following a wave of institutional selling and weakness in global technology stocks. This downturn has extended a broader correction in digital assets, with Bitcoin failing to hold its earlier recovery. Investors now closely monitor the $73,000 to $76,000 range, seeking signs that the market might stabilize after this recent period of heightened volatility. The selloff coincided with a challenging week for the crypto sector, as institutional demand cooled and general risk appetite faded. Weaker technology stocks contributed to growing concerns and diminishing confidence across the cryptocurrency space.

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