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Bitcoin falls below $74,000 amid hotter US inflation and rising Fed rate hike fears

Market News
10 Nov 2026, 16:25 WIB
Crypto news
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Bearish
Bitcoin falls below $74,000 amid hotter US inflation and rising Fed rate hike fears

Bitcoin dropped below $74,000 on November 10, pressured by US inflation data exceeding expectations and fears of Federal Reserve interest rate hikes. October's Consumer Price Index rose 0.4%, surpassing forecasts and strengthening bets on a December rate increase. This led to significant outflows from US spot Bitcoin ETFs, with over $1.48 billion withdrawn in early November, signaling weakening institutional demand. Analysts warn that if Bitcoin closes below $73,000, it could face further declines toward $70,000 or lower, while a recovery above $80,000 requires stronger buying support.

As of Nov 10, 2026 21:43 WIB, Bitcoin on Pluang is priced at Rp1.344.966.674 with a slight 1-day decline of 0.41%. Despite the recent price drop below $74,000 noted in the news, Pluang users show a strong buying interest with 77% of order activity favoring buys. The typical hold time on Pluang remains relatively long at 113 days, indicating steady investor confidence amid market fluctuations.

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