Crypto crash live, Wednesday, November 11, 2026, 9:36 a.m. ET: The crypto market is stabilizing after Tuesday's sell-off, but the damage is far from repaired. Total market value stands at $2.
Crypto crash live, Wednesday, November 11, 2026, 9:36 a.m. ET: The crypto market is stabilizing after Tuesday's sell-off, but the damage is far from repaired. Total market value stands at $2.45 trillion, down 0.9 percent in 24 hours, after hotter-than-expected US inflation data pushed traders to price a Federal Reserve rate hike in December. Bitcoin fell to $72,748 on Tuesday at 12:40 p.m. ET, its lowest level since August 20, and now trades at $73,382. Solana is up 0.3 percent over 24 hours at $84.00 but has lost 23 percent in 30 days, and Aave trades at $123.20, down 25 percent in a month. Zcash extends its slide and falls 16.5 percent in 24 hours to $978. On Wall Street, Nvidia opened 2.3 percent higher. Within 24 hours, $522 million in leveraged positions were wiped out, 70 percent of them bets on rising prices.
We update this live ticker through the US evening. The standing answer to why crypto falls, with the six forces behind almost every sell-off and the timeline of the 2026 drops, is on our page Why is crypto down today?
Crypto crash: the key numbers at 9:36 a.m. ET
Wednesday, 9:36 a.m. ET: Tech stocks open higher on Wall Street and take some pressure off crypto. Nvidia rose 3.0 percent to $173.93 in the first minutes of trading, and memory chip makers rose even more: Micron gained 5.5 percent. On crypto exchanges, where stock contracts traded through the night, the perpetual on the triple-leveraged chip ETF SOXL is up 16.8 percent in 24 hours, according to CoinGlass. Bitcoin holds at $73,382, while Zcash keeps falling and now trades below $1,000. Fewer forced sales: liquidations over 24 hours dropped to $522 million as the hour after Tuesday's inflation release rolls out of the 24-hour window.
9:36 p.m. ET: A quiet but nervous evening. Bitcoin trades at $73,348, back above its 200-day average of about $73,150, which it lost briefly at the afternoon low. The pressure has turned: in the past four hours, CoinGlass counted $15.9 million in liquidated short positions against $8.5 million in longs, so traders betting on a deeper fall are now the ones being squeezed, on a small scale. Nvidia's perpetual contract trades at $172.40 on crypto venues, 2.1 percent above Tuesday's close of $168.80, ahead of the regular open at 9:30 a.m. ET on Wednesday. The Fear and Greed Index stays at 29.
7:30 p.m. ET: quiet charts, nervous screens. Bitcoin holds at $73,573, and the Fear and Greed Index slipped to 29 with the new day's reading, from 32. In the past hour, $2.46 million in positions were liquidated, $2.17 million of it short positions: the bounce keeps squeezing traders who bet on a further fall, CoinGlass shows. Wall Street is closed, but Nvidia is not: on crypto exchanges the Nvidia perpetual traded at $170.69. Why that matters is explained further down.
6:30 p.m. ET: a shaky bounce, and late short sellers are paying. Bitcoin has climbed 1.1 percent from its low, Solana 1.4 percent and Aave 2.1 percent. In the last four hours it was short sellers, not buyers, who were forced out: of $19.6 million in liquidations, $14.1 million hit short positions, CoinGlass shows. Open interest in crypto futures is down 2.1 percent to $126.7 billion, so leverage has been cleared, not rebuilt.
4:00 p.m. ET: Wall Street closes lower, the bond market sends the warning. The S&P 500 ended 0.38 percent lower at 7,520.93 and the Nasdaq 0.74 percent lower at 25,065.88, with Nvidia down more than 5 percent, according to Yahoo Finance. The sharper move was in Treasuries: the two-year yield jumped 17 basis points to 4.73 percent, and the ten-year rose 10 basis points to 4.98 percent after briefly trading above 5 percent, as the Capp Notes closing recap shows.
12:40 p.m. ET: Bitcoin hits the low of the day at $72,748. That is the lowest price since August 20, and it sits right on Bitcoin's 200-day average of $73,154, calculated from CoinMarketCap daily closes. Thirty minutes earlier, at 12:10 p.m. ET, Solana bottomed at $81.82, its lowest level since August 19, and Aave at $121.21.
10:45 a.m. ET: Ethereum touches $2,010. Ether came within $10 of the $2,000 mark, its lowest level since August 19. Ether positions make up the largest share of the day's liquidations: $257.6 million, ahead of Bitcoin with $204.6 million.
9:30 a.m. ET: the opening bell adds pressure. As US stocks opened, Bitcoin slipped to $73,698 and Solana to $83.61. A short rebound to $74,298 at 10:00 a.m. ET did not hold; by 11:00 a.m. ET Bitcoin was back at $73,153.
8:30 a.m. ET: the CPI shock. The Bureau of Labor Statistics reported that consumer prices rose 0.4 percent in October and core prices, which exclude food and energy, 0.3 percent, each a tenth of a point above forecasts (BLS release). Within five minutes Bitcoin fell from $74,278 to $73,883, and Ether lost 1.5 percent. Our analysis of the October CPI and the December hike covers the report in detail.
The crash has not ended for everyone: 48 of the 86 largest cryptocurrencies, excluding stablecoins and wrapped tokens, are up over 24 hours, but the losers keep falling. The biggest daily loser is Pieverse with 19.4 percent, followed by Zcash with 16.5 percent. Over seven days, Zcash, XRP and Pump.fun lost between 17.2 and 24.7 percent each. The 30-day list shows where the real damage sits: Worldcoin and Aero lost 40 percent each, Filecoin 37 percent.
Rank 24 hours 7 days 30 days 1 Pieverse (PIEVERSE) -19.4% Zcash (ZEC) -24.7% Worldcoin (WLD) -40.3% 2 Zcash (ZEC) -16.5% XRP (XRP) -17.9% Aero (AERO) -40.3% 3 Uniswap (UNI) -7.5% Pump.fun (PUMP) -17.2% Filecoin (FIL) -36.8% 4 Pepe (PEPE) -7.3% Worldcoin (WLD) -16.9% Pump.fun (PUMP) -35.3% 5 Dash (DASH) -5.7% Bitcoin Cash (BCH) -15.7% Sei (SEI) -34.7%Ranked among the 100 largest cryptocurrencies by market value on CoinMarketCap at 9:36 a.m. ET; stablecoins, wrapped and liquid staking tokens excluded.
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The crypto crash today is a rates story. Even before the inflation report, traders leaned towards a hike at the Fed's meeting on December 9: after Friday's jobs report, the CME FedWatch tool put the chance of a quarter-point move at 76.8 percent, 24/7 Wall St. reported. By Tuesday's close, FedWatch priced a quarter-point hike at 88 percent and a half point at 11 percent. A quarter-point hike would lift the federal funds target range from 3.75 to 4.00 percent to a range of 4.00 to 4.25 percent.
Higher rates hit crypto through two channels. Safe yields compete with risk: a two-year Treasury now pays 4.73 percent without any price risk. And leverage gets more expensive: when prices fall, traders who borrowed to bet on rising prices are forced out, and their forced sales push prices further down. That is why 81 percent of today's liquidations hit long positions. Spot Bitcoin ETFs added to the pressure before today: they recorded $1.28 billion in net outflows last week, the most since June, according to FXStreet. How Bitcoin behaved the last time the Fed turned this hawkish, in 2022, is in our piece on Bitcoin in a financial crisis and recession.
Solana is down today because it moves harder than the market in both directions; no Solana-specific shock was behind the drop. SOL fell 4.1 percent against 2.2 percent for Bitcoin, extending a slide of 11.2 percent over 7 days and 25.3 percent over 30 days. At $82.95 it trades 6.8 percent below its 200-day average of $88.99 and 22 percent below its 50-day average of $106.71, based on CoinMarketCap daily closes. Leverage made it worse: of $37 million in Solana liquidations within 24 hours, more than 96 percent were long positions, according to CoinGlass.
The fundamental news around Solana is not negative: Formation is targeting 2027 for tokenized stocks on the network, as our report on tokenized stocks on Solana shows. In a market that is repricing interest rates, news like this does not carry the Solana price. The line traders watch is the August low: on August 19, SOL traded as low as $76.62.
Aave is down 6.1 percent today, almost three times as much as Bitcoin, and DeFi as a whole lost 4.5 percent of its market value to $71.7 billion, according to CoinMarketCap. Aave sits at the center of on-chain lending, and that business competes directly with US rates. Lenders currently earn about 4.2 percent on USDC and about 3.6 percent on USDT at Aave V3 on Ethereum, according to DefiLlama, less than the 4.73 percent a two-year Treasury yields after today's jump. Our assessment: as long as the Fed is hiking, that spread works against DeFi lending, and the governance token of the largest lending market feels it first.
The deposits are holding up better than the token. Aave's total value locked fell 2.4 percent since Monday to $16.19 billion, according to DefiLlama, while the AAVE price lost 27.8 percent in 30 days. The token now trades 17.5 percent below its 50-day average of $150.08, but still 13 percent above its 200-day average of $109.36. How the protocol works is explained in What is Aave?
The crypto crash met a second shock on Wall Street. Nvidia, a company worth more than $4 trillion, fell 5.5 percent to $168.80 on Tuesday, its second loss in a row, on volume more than three times its three-month average, according to Motley Fool. The trigger is not the chip business. Reports of a potential foreign intelligence operation involving CEO Jensen Huang have prompted an independent board investigation, and in an email to staff Huang said he had been "unfaithful" to his wife. None of the allegations is proven, and a shareholder class action has been filed, CNBC reports. The next test is the quarterly report on Tuesday, November 17, after the close, as Nvidia announced.
What would have been unthinkable a few years ago now shows up in crypto liquidation data. Nvidia trades around the clock as a perpetual future on crypto exchanges, with leverage and settled in stablecoins, and its traders get liquidated like memecoin traders. In 24 hours, CoinGlass counted $7.82 million in liquidations on the xyz:NVDA contract, which runs on Hyperliquid, and another $4.8 million on other Nvidia perpetuals, plus $12.4 million on SanDisk and $10.7 million on SOXL, a triple-leveraged chip-stock ETF. Tokenized stocks are already accepted as collateral on crypto platforms, as our report on tokenized stocks as collateral shows.
The same goes for companies that are not even listed yet. About $250 million traded in 24 hours in two Hyperliquid contracts tracking Anthropic ahead of its IPO; the price implied about $98 per share and a market value of roughly $1.7 trillion, more than 30 percent above the $70 to $78 range in the prospectus, CNBC reports. These contracts are not shares and are not available to US investors. How the actual IPO works is in our guide how to buy Anthropic stock. Stocks behave like tokens, and tokens like stocks: that is the market crypto investors live in now, and leverage is what turns a 5 percent day into a wipe-out.
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Every crash is also a trade. Traders who expect a rebound go long, either by buying coins on the spot market or with perpetual futures, which multiply every move with leverage. November 10 shows both sides of that bet: leverage turned a 2 percent drop in Bitcoin into a total loss for the most aggressive longs, while the same move paid shorts 20 percent on their margin.
The table follows a Bitcoin long opened at $74,278, the price when the inflation data came out at 8:30 a.m. ET, down to the low of $72,748 at 12:40 p.m. ET.
Leverage Liquidation price Result at the low of $72,748 1x (spot) none -2.1% 5x $59,794 -10.3% on margin 10x $67,222 -20.6% on margin 25x $71,679 -51.5% on margin 50x $73,164 liquidated by 10:45 a.m. ET 100x $73,907 liquidated by 8:35 a.m. ET, five minutes after the dataBased on CoinMarketCap five-minute prices and a maintenance margin of 0.5 percent, before fees and funding.
A 100x position is wiped out by a move of half a percent against it, and Bitcoin delivered that within five minutes of the CPI release. That is how CoinGlass came to count about $580 million in liquidated long positions within 24 hours by Tuesday evening, roughly four times the amount on the short side.
The same move paid the other side. A short opened at the release was up 2.1 percent at the low, or 20.6 percent on margin with 10x leverage. A long opened exactly at the low is up 1.3 percent at 8:50 p.m. ET, 13.5 percent with 10x leverage. Nobody catches the exact bottom, which is why many traders buy a crash in steps and size their leverage so that a normal daily swing cannot liquidate them. How margin, liquidation and funding work is explained in our guide to leverage trading in crypto, and how exchange contracts differ from CME contracts in Bitcoin futures explained.
Where you can trade depends on where you live. Since July 2025, US residents can trade CFTC-regulated perpetual-style futures on Bitcoin and Ether at Coinbase, launched with up to 10x leverage, as The Block reported.
Advertisement: Crypto futures trading: Bitget offers leverage of up to 100x. Leverage can lead to high losses. Our exchange comparison shows more platforms.
For Bitcoin, the 200-day average around $73,150 is the line of the week. Market maker Wintermute calls the $73,000 zone key support; a daily close below it could open a move towards $68,000, and only a sustained daily close above $80,000 together with renewed ETF inflows would turn the picture constructive, FXStreet reports. Our Bitcoin price prediction for the $72,000 zone walks through the chart.
After the CPI shock, the next days decide whether the hike becomes a done deal. On November 11, Veterans Day, the US bond market is closed while stocks trade normally, according to the SIFMA holiday schedule, so the first real tests come on Thursday and Friday.
The market has already flushed a large share of its leverage, which made the evening bounce possible. Other coins show how thin the support is: Zcash lost 16 percent in under two hours on Tuesday, as our Zcash report shows, and Dogecoin trades at its lowest level since November 2023 (Dogecoin price at $0.067).
Look at the world this sell-off reveals: a $4 trillion chipmaker trades at night with leverage on crypto exchanges, a company that has not listed yet is valued at $1.7 trillion by a perpetual contract, and one inflation number liquidates more than 117,000 traders in a day. For retirement money, the lesson runs the opposite way of the trading screen.
What it means for you: A sell-off driven by interest rates rarely ends with one data release. Leverage turns a 2 percent drop into forced selling, so position size matters more than timing. If you buy or sell during the volatility, use a regulated platform with clear fees: our crypto exchange comparison lists the major platforms, and the comparison of regulated crypto exchanges shows the providers licensed under MiCA. This live ticker is market information, not investment advice; crypto assets can lose value quickly.
