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Bitcoin dips to $73K after US inflation data sparks rate hike concerns

Market News
11 Nov 2026, 06:54 WIB
Tokenpost
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Neutral
Bitcoin dips to $73K after US inflation data sparks rate hike concerns

Bitcoin briefly dropped to around $73,000 following higher-than-expected US October CPI data, which raised fears of a possible 50-basis-point Federal Reserve rate hike in December. Analyst Cloud noted that much leverage has been cleared from crypto markets, limiting further sharp declines, but cautioned that this doesn't guarantee an immediate rebound. The Fed is likely to maintain a 25-basis-point increase as the baseline, with a 50-basis-point hike considered unlikely unless inflation remains high for two consecutive months. Market conditions remain tight with widening credit spreads and inflation pressures from tariffs and rent expected to ease over time.

Crypto market conditions after the recent leverage flush show a breadth of 50 major cryptocurrencies on Pluang with 8 rising and 41 falling as of Nov 11, 2026 11:01 WIB. For readers following crypto, here is Pluang's market snapshot: UNI (Uniswap) is priced at Rp121.307 with a 1-day change of -3.12% and a typical hold time of 66 days, GRT (The Graph) is at Rp320 with a -3.10% change and 100% sell order activity, and AAVE (Aave) is at Rp2.257.206 with a -3.00% change and 82% sell order activity.

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