bitcoinNovember 10, 2026
US Inflation Exceeds Forecast, Bitcoin Falls Below $74,000
In October, US consumer prices rose 0.4% month over month. The forecast had pointed to a 0.3% increase, so the actual figure came in above expectations.
After the consumer price index data was published, bitcoin dropped below $74,000.
The inflation data strengthened expectations of a Federal Reserve rate hike. For those who hold or exchange cryptocurrency, this means the market's reaction to US inflation statistics remains noticeable.