Bitcoin fell to around $73,600 this morning, down over 2% in 24 hours. Ethereum dropped below $2,100. Solana and XRP are both down more than 4%.

Here is what happened, explained simply.

The Inflation Data Was Too Hot

October's Consumer Price Index rose 0.4% month-over-month, above the 0.3% expectation. Core CPI, which excludes food and energy, rose 0.3%—also higher than forecast.

This is the third straight month of above-expected core inflation. Sticky inflation means the Fed has no reason to stop tightening.

The Fed Is Talking About More Hikes

Fed Governor Christopher Waller said he supports a 25 basis point hike in December, even if inflation cools. He even suggested a 50 basis point hike if core CPI stayed at 0.3% or higher.

Markets reacted fast. The probability of a December hike jumped to 96.3% on CME FedWatch, up from 76.3% before his comments.

ETF Money Is Leaving

U.S. spot Bitcoin ETFs saw **$201 million in net outflows** on November 9—the third consecutive day of withdrawals. BlackRock's IBIT alone lost $213 million.

Institutions are pulling back. That removes a key support for price.

The Technical Warning

Bitcoin is now testing its 200-day moving average around $73,200. Analysts say a sustained break below this level could signal a deeper correction.

The next major support sits near $70,000.

What Beginners Should Do

Do not panic. Do not sell at a loss because of one red day. But do not assume the bottom is in either.

Watch the $73,000 level. If it holds, the market is stabilizing. If it breaks, be patient and keep cash ready.

The Fed meets in December. Until then, volatility is the only certainty.

#Bitcoin #CryptoBeginner #BinanceSquare #CryptoMarketAlert #StayCalm