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Macro EconomyMedium•10 November 2026•
1 min read

US October CPI Exceeds Forecasts as Crypto Markets Face Downward Pressure

Key Facts

1US Consumer Price Index (CPI) data for October exceeded market expectations, strengthening the case for further Fed rate hikes.
2Bitcoin held around the $74,000 level following the data release while altcoins like ETH and XRP traded flat or lower.

US Consumer Price Index (CPI) data for October exceeded market expectations, strengthening the case for further Fed rate hikes. Benzinga reported that the data release pressured the cryptocurrency market, where Bitcoin held around the $74,000 level while altcoins including ETH and XRP traded lower.

Data released on November 10, 2026, showed the monthly inflation rate reached 0.4%, surpassing the 0.3% forecast, while the Super Core CPI MoM recorded a 0.44% increase. This follows the Michigan Consumer Sentiment index, which reached 51 on November 6, 2026, outperforming the projected 48.

Market participants are looking ahead to the Producer Price Index (MoM) release on November 13, 2026, with a forecast of 0.4%, as they assess the broader impact of inflation on high-risk assets.

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