Bitcoin Drops Below $74,000 Following October US Inflation Data
Key Facts
Bitcoin price dropped below the $74,000 threshold to reach $73,652 following the release of US inflation data for October. The cryptocurrency marked a 1.39% decline over a 24-hour period immediately after the announcement of figures that indicated sustained price pressures.
Data released on November 10, 2026, showed the CPI at 337.511, with the monthly inflation rate rising 0.4%, exceeding the 0.3% forecast. The Super Core CPI MoM also recorded a 0.44% increase on the same date, driving downward pressure on high-risk assets.
Latest Updates · 10
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Update: Santiment data showed a shift in market sentiment to bearish on November 11, 2026, with bearish comments outnumbering bullish ones for Bitcoin, Ethereum, and XRP. This change in social sentiment coincides with the price pressures observed across the market following the inflation data.
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Update: Bitcoin price broke below its key 200-day moving average support level of $73,100 on November 10, 2026. This technical breach reinforces the selling pressure that began following the release of US inflation data.
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Update: US inflation data has heightened expectations that the Federal Reserve will implement an interest rate hike at its upcoming monetary policy meeting. These expectations emerge as markets monitor Fed Chair Kevin Warsh's decisions to curb persistent price pressures.
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Update: Surging inflation data has sparked concerns that the Federal Reserve could raise interest rates in December 2026. This shift in expectations threatens Bitcoin's price stability, as digital assets typically react to the prospect of tighter monetary policy.
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Update: Bitcoin reached an 11-week low on November 10, 2026, as market expectations shifted. Traders are increasingly pricing in a 25-basis-point interest rate hike by the Federal Reserve at its upcoming December meeting.
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Update: Hot US inflation data released on November 10, 2026, has increased expectations for a Federal Reserve rate hike at its December meeting. These expectations follow the sustained price pressures indicated by the latest Consumer Price Index figures.
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Update: Bitcoin hit a session low of $73,494 on November 10, 2026. This decline occurred as traders increased bets on a Federal Reserve rate hike during the upcoming December meeting.
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Update: The inflation data released on November 10, 2026, has triggered market concerns that the Federal Reserve may raise interest rates at its December meeting. These expectations emerge amid the persistent price pressures revealed in the latest Consumer Price Index report.
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Update: Selling pressure extended to equity markets as QQQ futures fell by more than 1% on November 10, 2026. This decline coincided with the retreat in high-risk assets after inflation data reported figures that exceeded market expectations.
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Update: US inflation data released on November 10, 2026, triggered the liquidation of $178 million in crypto long positions within a single hour. These liquidations followed data showing the Core CPI rose 0.3%, exceeding the 0.2% forecast.