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.

BTC
BTC
71,338.42
-3.06%

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?

ETH
ETH
1,999.38
-2.70%

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

XRP
XRP
1.0223
-3.35%

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