Bitcoin Holds Near $73.5K After Hot US CPI Reinforces December Fed Hike Bets
What happened:
US October CPI rose 0.4% month-over-month (above the 0.3% forecast), with core CPI at 0.3% (vs 0.2% expected). The hotter print lifted expectations for a Fed rate hike in December, sending Bitcoin to an overnight low near $72,700 before it stabilized around $73,500–$74,000.
Why traders are watching:
Higher rates typically weigh on risk assets like Bitcoin. Spot BTC ETFs continue to see outflows (fourth straight day), keeping demand soft and sentiment in “fear” territory as the market tests multi-month support.
#Write2Earn #Crypto #Bitcoin #News
What happened:
US October CPI rose 0.4% month-over-month (above the 0.3% forecast), with core CPI at 0.3% (vs 0.2% expected). The hotter print lifted expectations for a Fed rate hike in December, sending Bitcoin to an overnight low near $72,700 before it stabilized around $73,500–$74,000.
Why traders are watching:
Higher rates typically weigh on risk assets like Bitcoin. Spot BTC ETFs continue to see outflows (fourth straight day), keeping demand soft and sentiment in “fear” territory as the market tests multi-month support.
#Write2Earn #Crypto #Bitcoin #News
