Bitcoin Trades Below $75,000 Ahead of US CPI and Soft Treasury Demand
Key Facts
Bitcoin is trading below $75,000 ahead of the release of US October inflation data. CoinDesk reported that the US Treasury began a $125 billion debt sale, with initial buyer demand appearing soft as the auction process commenced.
Market analysts suggest that a sustainable recovery for Bitcoin depends on liquidity conditions and spot ETF demand rather than macro data relief alone. The softening demand in US Treasury auctions adds further pressure to broader market liquidity as traders brace for upcoming economic indicators.
The US Inflation Rate (YoY) is scheduled for release on November 10, 2026, with a forecast of 3.9% following the previous 3.7% reading. Several Federal Reserve officials, including Waller, Bowman, and Schmid, are also scheduled to deliver speeches throughout the day.
Latest Updates · 2
- Major·
Update: Fed Governor Christopher Waller stated he could support a 50 bps rate hike in December 2026 if the Core CPI M/M reading reaches 0.3% or higher. These comments add pressure to risk assets like Bitcoin by directly linking monetary policy escalation to the inflation data released today.
- Notable·
Update: U.S. spot Bitcoin ETFs have recorded $2.20 billion in net outflows since the beginning of November 2026. This data underscores the liquidity pressures that analysts identified as a critical factor for the stability of cryptocurrency prices.