Bitcoin at $72,734, Ether at $2,015: crypto prices today, November 12, 2026

Bitcoin traded at about $72,734 on Coinbase early Thursday, down 1.3% over 24 hours and 4.3% over seven days. Ether was at $2,015, down 2.0% on the day and 9.8% on the week. Seven of the eight coins we track fell overnight. Avalanche was the only one up over seven days, at 2.6%, while XRP was the weakest, down 14.3% on the week.

Prices at a glance

Coinbase Exchange prices at about 8:05 AM ET on November 12. The 24-hour change compares the latest trade with the price 24 hours earlier. The 7-day change compares it with the November 5 daily close (UTC).

MSCI makes the Strategy exclusion official

Index provider MSCI confirmed that Strategy, the largest corporate holder of bitcoin, will be removed from its global equity indexes, Cointelegraph reported. MSCI's final list marks Strategy, Japan's Metaplanet and Upexi as deleted, effective after the close on November 30, while Ether treasury firm Sharplink is on a watchlist. Strategy shares fell 1.65% in after-hours trading Wednesday.

The size of the forced selling is disputed. Cointelegraph said JPMorgan earlier estimated about $2.8 billion in selling from Strategy's exclusion, while Strategy told MSCI that index-linked funds hold roughly 13 million shares, 3.1% of its basic shares outstanding and less than one day's trading volume. The effect lands on a stock, not directly on bitcoin, but Strategy has been a steady source of bitcoin demand, so traders are watching it.

ETF outflows and a shrinking stablecoin supply

U.S. spot Bitcoin ETFs lost nearly $300 million on Wednesday, up from $95 million a day earlier, taking withdrawals over five straight sessions to about $1.44 billion, according to Farside Investors data cited by Cointelegraph. BlackRock's IBIT accounted for $269.7 million of Wednesday's total and has seen more than $2 billion leave over nine consecutive sessions.

Money is also leaving the stablecoin market. Glassnode data showed total stablecoin supply fell $14.2 billion in the 30 days to November 9, the biggest 30-day drop since June 2022, Cointelegraph reported. Glassnode said a shrinking supply means holders are redeeming for dollars, leaving "less fuel for a rally." The same report noted the Coinbase Premium Index, a gauge of U.S. demand, was still negative on Wednesday after hitting its lowest level since November 2022 on October 29.

Laser Digital's derivatives desk, in a note shared with Cointelegraph, said bitcoin barely rose during Monday's Nasdaq rebound of almost 3%. We did not find a single cause for the altcoin drops in the coverage we read, and the broader weakness fits these flow figures rather than any coin-specific news.

What traders are watching

• ETF flows from Farside, and whether outflows ease after Wednesday's jump.
• Stablecoin supply, which Glassnode says would need to turn back to growth to signal new money coming in.
• November 30, when MSCI's removal of Strategy takes effect after the close.
• The 24-hour range: bitcoin traded between $72,643 and $74,737 on Coinbase, and is near the bottom of it.

For live quotes, see crypto prices and crypto movers.

Sources: Coinbase Exchange price data; Cointelegraph; Farside Investors via Cointelegraph; Glassnode via Cointelegraph; CryptoQuant via Cointelegraph. Crypto assets are volatile. This is market information, not investment advice.