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Bitcoin dips near $73K as US inflation surprises higher, boosting Fed rate hike bets.

Market News
10 Nov 2026, 17:56 WIB
Altcoin Buzz
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Bearish
Bitcoin dips near $73K as US inflation surprises higher, boosting Fed rate hike bets.

Bitcoin fell below $74,000 after US October inflation data showed a stronger-than-expected 0.4% monthly rise in CPI, raising concerns about persistent inflation. This increased expectations for a Federal Reserve rate hike in December, pressuring cryptocurrencies like Bitcoin and Ethereum as higher rates reduce appetite for volatile assets. The market also faces selling pressure from recent large crypto liquidations and weak institutional demand. Investors will watch the Fed meeting and upcoming economic data for clues on future rate moves and crypto market direction.

Bitcoin and Ethereum prices on Pluang have dropped alongside the broader crypto market reaction to inflation data, with Bitcoin down 2.16% at Rp1.329.580.556 and Ethereum down 4.84% at Rp36.745.821. Despite the declines, buy orders remain dominant on the platform, with 77% for Bitcoin and 69% for Ethereum. This data is current as of Nov 10, 2026 23:22 WIB.

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