đ¨ BREAKING NEWS: Bitcoin nears 11-week low after âdiscouragingâ US CPI inflation beat
Bitcoin and US stocks initially fall after October inflation tops forecasts, with traders expecting a quarter-point Fed rate hike in December.
Bitcoin (BTC) dipped toward its 11-week lows near $73,500 at Tuesdayâs Wall Street open after US inflation came above expectations.
Data from TradingView showed BTC/USD falling to $73,518, nearly matching the low it set on Sunday, itslowest level since Aug. 21.
The October print of the Consumer Price Index (CPI) came in at 0.4% month-on-month, above the anticipated 0.3%. CPI, which lacked a year-on-year component due to the absence of data collection during the 2025 US government shutdown, nonetheless showed a cooling rate of growth versus September, when the monthly increase hit 0.6%.
đ [READ FULL HERE](https://cointelegraph.com/markets/bitcoin-11-week-low-discouraging-us-cpi-inflation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)
đ° Nguáťn: đŞ CoinTelegraph
$BTC $ETH #BinanceSquare #CryptoNews
Bitcoin and US stocks initially fall after October inflation tops forecasts, with traders expecting a quarter-point Fed rate hike in December.
Bitcoin (BTC) dipped toward its 11-week lows near $73,500 at Tuesdayâs Wall Street open after US inflation came above expectations.
Data from TradingView showed BTC/USD falling to $73,518, nearly matching the low it set on Sunday, itslowest level since Aug. 21.
The October print of the Consumer Price Index (CPI) came in at 0.4% month-on-month, above the anticipated 0.3%. CPI, which lacked a year-on-year component due to the absence of data collection during the 2025 US government shutdown, nonetheless showed a cooling rate of growth versus September, when the monthly increase hit 0.6%.
đ [READ FULL HERE](https://cointelegraph.com/markets/bitcoin-11-week-low-discouraging-us-cpi-inflation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)
đ° Nguáťn: đŞ CoinTelegraph
$BTC $ETH #BinanceSquare #CryptoNews
