Crypto market update: Bitcoin posts largest drop as of Nov 12, 22:00 UTC
Bitcoin led declines, with Solana, Ether and XRP also lower; trend signals are neutral and headlines focus on Illinois tax and Solana, per publishers.
Where prices stand
Bitcoin led losses, falling 3.91% from the prior close to $71,482.00; Solana fell 3.88% from the prior close to $81.33, Ether fell 2.75% from the prior close to $2,014.64 and XRP fell 2.61% from the prior close to $1.0339, all as of Nov 12, 22:00 UTC. Finnhub.
| Instrument | Last | 5-session change | Latest change | As of | Source |
|---|---|---|---|---|---|
| Bitcoin | $71,482.00 | -3.01% | -3.91% | Nov 12, 22:00 UTC | Finnhub |
| Ether | $2,014.64 | -8.29% | -2.75% | Nov 12, 22:00 UTC | Finnhub |
| Solana | $81.33 | -9.33% | -3.88% | Nov 12, 22:01 UTC | Finnhub |
| XRP | $1.0339 | -12.83% | -2.61% | Nov 12, 22:01 UTC | Finnhub |
Trend check
Finnhub shows neutral trend status for Bitcoin, Ether, Solana and XRP. RSI(14) readings are 34.1 for Bitcoin, 29.6 for Ether, 27.5 for Solana and 27.6 for XRP; Finnhub lists Bitcoin close 73721.18 with SMA50 81385.61 and longSma 73143.34, Ether close 2050.34 with SMA50 2456.63 and longSma 2152.41, Solana close 86.60 with SMA50 106.72 and longSma 89.00, and XRP close 1.1125 with SMA50 1.3710 and longSma 1.2683.
| Instrument | Close | SMA50 | Long SMA | RSI(14) | Trend status |
|---|---|---|---|---|---|
| Bitcoin | 73,721.18 | 81,385.61 | 73,143.34 | 34.1 | neutral |
| Ether | 2,050.34 | 2,456.63 | 2,152.41 | 29.6 | neutral |
| Solana | 86.60 | 106.72 | 89.00 | 27.5 | neutral |
| XRP | 1.1125 | 1.3710 | 1.2683 | 27.6 | neutral |
Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Nov 11, 22:40 UTC); it is not a recommendation.
In the news
CoinDesk reported that the crypto industry told a court the Illinois crypto tax is impossible to enforce as written. Cointelegraph reported the US Justice Department, business groups and DeFi firms challenged the Illinois crypto tax, and separately reported DTCC plans a Solana expansion as wallet rules limit access; Yahoo published a piece headlined that Mark Zuckerberg’s Meta AI predicts a historic comeback for Solana.
- Illinois crypto tax is impossible to enforce as written, crypto industry tells court — CoinDesk, Nov 12, 16:45 UTC
- US Justice Department, business groups and DeFi firms challenge Illinois crypto tax — Cointelegraph, Nov 12, 20:58 UTC
- DTCC Plans Solana Expansion as Wallet Rules Limit Access — Cointelegraph, Nov 12, 20:07 UTC
- Mark Zuckerberg’s Meta AI Predicts a Historic Comeback for Solana — Yahoo, Nov 12, 19:23 UTC
Sources and data
- CoinDesk (secondary source) — Illinois crypto tax is impossible to enforce as written, crypto industry tells court
- Cointelegraph (secondary source) — US Justice Department, business groups and DeFi firms challenge Illinois crypto tax
- Yahoo (secondary source) — Mark Zuckerberg’s Meta AI Predicts a Historic Comeback for Solana
- Finnhub (market data) — market data
Market data as of Nov 12, 22:01 UTC; report generated Nov 12, 22:00 UTC. All times are UTC. Each table row shows its own timestamp and provider.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.
Terms in this article
Price-to-earnings ratio (P/E)
Share price divided by earnings per share.
Relative Strength Index (RSI)
A momentum oscillator, developed by J.
Moving average
The average price over a rolling window, plotted to smooth out noise.
MACD
A trend and momentum indicator calculated as the 12-period exponential moving average minus the 26-period EMA, plotted with a 9-period EMA of that difference as the signal line.
DeFi (decentralised finance)
Financial services — trading, lending, borrowing — run by smart contracts on public blockchains rather than by banks or brokers.
Sources & data
- CoinDesk (secondary, retrieved Nov 12, 2026, 10:02 PM UTC)
- Cointelegraph (secondary, retrieved Nov 12, 2026, 10:02 PM UTC)
- Yahoo (secondary, retrieved Nov 12, 2026, 10:02 PM UTC)
- Finnhub (market-data, retrieved Nov 12, 2026, 10:02 PM UTC)
Market data as of Nov 12, 2026, 10:01 PM UTC.
This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.
Ask about this story
Questions are answered only from this article and the sources it cites.
MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.
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