October's Consumer Price Index (CPI) rose 0.4% month-over-month, surpassing expectations and increasing the likelihood of a Federal Reserve rate hike in December to nearly 97%. This inflation persistence pressures risk assets like Bitcoin, which is nervously trading around $74,200 and risks breaking its key $74,000 support level. A break below this could lead to further declines toward $73,600, while holding this level would signal resilience amid tightening monetary policy. The situation highlights the tension between inflation concerns and market reactions as investors brace for the Fed's next move.
As concerns about a Federal Reserve rate hike in December grow, Bitcoin is showing signs of caution on Pluang. As of Nov 11, 2026 00:22 WIB, Bitcoin trades at Rp1.323.581.417, down 2.29% over the past day. Market participants on Pluang lean heavily toward buying, with 77% of order activity in favor, and typical holders keep their positions for about 113 days, indicating steady investor engagement despite recent volatility.
Bitcoin's price fell below the $73,000 mark, reaching $72,888 on the Binance spot market as of 11:37 a.m. ET on November 10. This drop represents a 1.03% decrease over the past hour, indicating a slight downward trend for the largest cryptocurrency b...
Bitcoin dropped to an intraday low of $72,787 following October's consumer price index (CPI) report showing a 0.4% inflation increase, higher than expected. This triggered over $632 million in crypto liquidations, mostly from long positions, amid con...
Economist Peter Schiff warned that Bitcoin could experience its first consecutive calendar-year losses if its price finishes lower in 2026. He cited declines of 6.34% expected in 2025 and a 16.5% drop so far this year. Historically, Bitcoin has never...
Zcash (ZEC) experienced a significant drop of 10.5% in a single day, falling below $1,100, marking its largest daily loss among four compared cryptocurrencies. Monero (XMR) also declined sharply by 9.2%, while Bitcoin (BTC) and Ether (ETH) saw smalle...
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 cryp...
