COINTELEGRAPH · 2026-11-10 16:25 UTC

Bitcoin nears 11-week low after 'discouraging' US CPI inflation beat

Bitcoin fell to $73,518 at the Tuesday Wall Street open, its lowest level since Aug. 21, before recovering above $74,000. October CPI rose 0.4% month-on-month versus 0.3% expected, though energy inflation slowed to 0.7% from 5.2% in September. CME FedWatch data showed a 96.3% pre-CPI chance of a December rate hike, which moved to 85.3% for a 25-basis-point hike after the report.

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