Why Is Crypto Crashing Today? Bitcoin Falls Below $73K as Zcash (ZEC) Leads Crypto Losses

Why is crypto crashing on Wednesday, November 11? The sell-off that began with Tuesday’s hotter-than-expected U.S. inflation report has carried into today, and almost every major coin is lower. Bitcoin (BTC) dropped below $73,000 on Tuesday, touching $72,727 on Binance, and now trades at about $73,800. Ether (ETH) briefly slipped to $2,006, while XRP and Solana (SOL) are down 2% to 3% in 24 hours. The Crypto Fear & Greed Index, a daily gauge of market mood from 0 to 100, has fallen to 29. The report changed what traders expect from the Federal Reserve. Bond yields jumped, and bets on a larger December rate hike nearly tripled within two hours. One coin is falling much harder than the rest.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Coinspeaker.