Bitcoin Holds Near $73,400 as ETFs Lose $300 Million for a Fifth Day and MSCI Moves to Drop Strategy From Its Indexes

Bitcoin is going nowhere on price and somewhere on structure. It traded near $73,400 on Thursday morning, barely changed on the day, but two things moved underneath it: US spot bitcoin funds lost about $300 million on Wednesday for a fifth straight session, and the index provider MSCI said it will remove Strategy, the largest corporate holder of the coin, from its flagship US index.

This is where crypto stood at about 10:40 UTC on Thursday. Prices are exchange snapshots and change by the minute.

What is the price of bitcoin and ether on Thursday morning?

The Crypto Desk newsletter's Binance ticker at 09:13 UTC had bitcoin at $73,406, down 0.5 percent, and ether at $2,043, down 0.7 percent, with XRP at $1.0433, Solana at $82.71 and the whole market at $2.49 trillion. At 01:30 UTC, CoinGabbar, citing CoinGecko, had bitcoin at $73,639.50, up 0.2 percent over 24 hours, and ether at $2,049.10, down 0.1 percent. Both put the Fear and Greed Index at 28, in the fear zone; CoinGabbar noted it stood at 50 a week earlier. That leaves bitcoin close to where our Wednesday note found it, at about $73,700, even as US stocks rallied.

Glassnode puts the key support level at $73,000 and the short-term holder cost basis, the average price paid by recent buyers, at about $75,600, the newsletter reported. Bitcoin is therefore trading just above support and below what newer holders paid.

Are bitcoin ETFs still seeing outflows?

Yes. According to SoSoValue data reported by TokenPost, the 12 US spot bitcoin funds recorded net outflows of $299.90 million on 11 November. BlackRock's IBIT lost $269.73 million and Grayscale's GBTC $39.13 million; Morgan Stanley's fund took in $8.96 million, the only inflow. The streak of daily outflows began on 5 November. Total net assets are $93.70 billion and cumulative net inflows are $55.10 billion.