U.S. inflation came in hotter than expected, with October CPI rising 0.4% against 0.3% forecasts, while Core CPI climbed 0.3%.
Markets are now preparing for a possible December Fed rate hike, as expectations of a larger 50 bps move have also increased.
Bitcoin $BTC slipped toward $73,800, while rising Treasury yields and a stronger U.S. dollar added further pressure to the crypto market.
With tighter monetary policy concerns growing, investors are watching BTC's $73,100 support level closely.
Will Bitcoin hold its ground, or $ETH could the Fed's next move trigger another wave of market volatility?
The October CPI figures are confirmed by the U.S. Bureau of Labor Statistics. Bitcoin's decline and changing Fed expectations were also reported on November 12. $XRP
