US inflation came in hotter than expected in October, and bitcoin slipped below $74,000 right after.
• CPI rose 0.4% in October (0.3% expected); core CPI rose 0.3% (0.2% expected)
• Energy rose 0.7% and gasoline 1.0%; no yearly rate was published due to missing October 2025 data
• Bitcoin traded around $73,600 shortly after the release
Why it matters: A hotter print strengthens the case for a Fed rate hike in December, and higher rates weigh on risk assets like crypto.
Source: BLS via CNBC
Not financial advice.
💬 Does a hot CPI print lock in a December Fed hike for you?
$BTC #CPI #Fed #Inflation
• CPI rose 0.4% in October (0.3% expected); core CPI rose 0.3% (0.2% expected)
• Energy rose 0.7% and gasoline 1.0%; no yearly rate was published due to missing October 2025 data
• Bitcoin traded around $73,600 shortly after the release
Why it matters: A hotter print strengthens the case for a Fed rate hike in December, and higher rates weigh on risk assets like crypto.
Source: BLS via CNBC
Not financial advice.
💬 Does a hot CPI print lock in a December Fed hike for you?
$BTC #CPI #Fed #Inflation