On November 9, Wall Street staged a strong rebound, with the Nasdaq Composite climbing nearly 3%, yet Bitcoin and Ethereum remained weak, highlighting a sharp macro divergence that exposes the market's core tension.
Price data showed that by the evening of November 9, Bitcoin (BTC) closed at $74,824.47, up +0.77%, while Ethereum (ETH) stood at $2,126.59, down -0.58%. Solana (SOL) was quoted at $86.48, up +0.77%. This lackluster performance stood in stark contrast to the Nasdaq Composite's roughly 3% rebound. Despite the stock market recovery, Bitcoin's price remained below $75,000, with selling pressure yet to clear.
Institutional demand became the focal point, as US spot Bitcoin ETFs saw about $1.28 billion in net outflows last week, the largest weekly withdrawal since late June. Ethereum ETFs also recorded $365 million in outflows, bringing the combined capital exit to roughly $1.65 billion.
Data compiled by Woofun AI showed that the iShares Bitcoin Trust ETF (IBIT.US) fell 1.31%, the Fidelity Wise Origin Bitcoin Fund (FBTC.US) dropped 1.34%, and the iShares Ethereum Trust ETF (ETHA.US) tumbled 4.51%, reflecting continued pressure on crypto-related investment products.
Ethereum co-founder Vitalik Buterin recently noted that Ethereum's long-term investment value should be reflected more in security, decentralization, and stability rather than in transaction fee burn mechanisms. While this view reflects Ethereum's gradual shift in status, investors are more focused on deteriorating market momentum and the broader macroeconomic backdrop.
Whether Bitcoin can hold the $74,000 to $75,000 range has become crucial. If this price zone is persistently broken, the market could face further downside risk; if the price can climb back above $80,000, it would signal a return of buyers. Ethereum and Solana face similar challenges, having given back most of their earlier gains and now trading near important support levels.
After Bitcoin ETFs saw more than $1 billion in outflows last week, a shift to net inflows would help determine whether investor confidence is recovering. Equally important is whether cryptocurrencies can outperform tech stocks during an overall market rebound. With the next US inflation data approaching, interest rate expectations and overall liquidity conditions could become another major test for the crypto market.
The performance of the top ten coins across the market is summarized as follows: Bitcoin (BTC) at $74,824.47, 24-hour change +0.1%; Ethereum (ETH) at $2,126.59, 24-hour change +0.1%; Tether (USDT) at $0.9991; Binance Coin (BNB) at $689.09; USDC at $0.9995; Ripple (XRP) at $1.09, 24-hour change -4.8%, 7-day change -12.1%; Solana (SOL) at $86.48, 24-hour change +0.2%; Tron (TRX) at $0.3165; Figure Heloc (FIGR_HELOC) at $1.05; Zcash (ZEC) at $1,163.86. Rankings are based on market capitalization. The statistics were taken at 21:17 UTC on November 9, 2026.
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