Crypto Outlook: FOMC Minutes & PMI Cues | Nov 17–24

The week starts risk-off after a choppy close. Focus is on mid-week FOMC minutes and late-week flash PMIs. ETF flows turned negative late last week, then mixed. Europe open spot: BTC ≈ $95,832, ETH ≈ $3,199, SOL ≈ $141.11, XRP ≈ $2.27.

Market backdrop

• FOMC minutes from the October meeting land this week and will color the policy path debate.
• PMI releases (flash) begin toward the end of the week and can nudge dollar/risk tone.
• ETF flows: BTC saw sharp outflows on Nov 13 after a strong Nov 11; ETH ETFs printed sizeable outflows Nov 12–13. Day-to-day dispersion by issuer remains wide.

Bitcoin (BTC)

Spot

BTC trades near $95,832 after an intraday $96,531 to $92,974 range. First support sits around $92,000 to $94,000; below that $90,000 is the next area. Reclaiming $98,000 to $100,000 would stabilize momentum in the minutes.

Flows & positioning

U.S. spot BTC ETFs flipped from a strong net-inflow on Nov 11 to heavy outflows on Nov 13; treat the daily issuer table after the close as confirmation of any move.

Ethereum (ETH)

Spot

ETH trades near $3,199 with an intraday $3,243 to $3,021 range. First support: $3,100 to $3,150, then $2,950 to $3,000. Strength above $3,350 to $3,450 would improve the short-term picture.

Structure

ETH ETF flows were negative Nov 12–13. Watch ETH/BTC around the minutes; the ratio often leads on macro days.

Solana (SOL)

Spot

SOL trades near $141.11 after a $143.13 to $134.48 range. Local support sits around $136 to $138; then $130 to $132if risk fades. A push back through $146 to $150 helps the short-term trend.

What matters this week

SOL remains high-beta to crypto beta; ranges may widen on minutes and PMIs.

XRP

Spot

XRP is around $2.27 with an intraday range of $2.28 to $2.16. First support sits around $2.18 to $2.22. A return of $2.35 to $2.45 would brighten the picture again.

Context

Moves remain mostly complex-beta while regulatory headlines are quiet. Flows and macro steer ranges this week. 

Sentiment snapshot

Macro leads: FOMC minutes and flash PMIs anchor the week. ETF flows turned negative for BTC and ETH late last week, pressuring thin weekend liquidity. Expect choppy intraday moves as issuer-level dispersion keeps flows noisy.

Catalyst calendar (next 7 days)

One-week scorecard

Price moves since last Monday (Nov 10)

Calls vs reality

• We said macro would dominate with flows doing the confirming — minutes/PMIs now take the wheel and ETF prints turned negative into Nov 13.
• We flagged ETH/BTC into macro — ETH underperformed as ETF outflows hit Nov 12–13.
• We said levels would do most of the talking — price traded defined bands and broke lower as liquidity thinned.

Closing thought

Let price come to you: set alerts at key levels and prepare to act decisively as minutes/PMIs set the tone. Use ETF flows after the close for trade confirmation.