BLOOMBERG · 2026-11-10 17:41 UTC

Bitcoin Drops to Almost Three-Month Low as US Inflation Dims Risk Appetite

Bitcoin fell as much as 3% to $72,695, its lowest in about three months, and is down roughly 17% for the year; Ether and XRP fell more than 5% and Zcash about 14%. A faster-than-expected rise in US consumer prices and Fed officials signaling a possible half-point hike in December pushed up yields and the dollar, weighing on risky assets. Crypto-linked stocks also fell: Strategy Inc. down 4.4%, Coinbase down 4.1%, and Circle down 4.4%.

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