DECRYPT · 2026-11-10 16:28 UTC

Bitcoin Falls as Hot US Inflation Fuels Fears of Bigger Fed Rate Hike

October CPI rose 0.4% against a 0.3% forecast, and core CPI rose 0.3% against 0.2%, the third straight month at that core pace. Bitcoin dropped from about $74,200 to roughly $73,525 after the release, recovering toward $74,000, and is down about 4.5% over seven days. Fed Governor Christopher Waller said a 50-basis-point hike in December should be considered, and analysts raised the odds of that larger move to nearly 15%.

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