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 · 3
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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.