📉 Crypto Market Check: BTC Holds $73.6K After Hot CPI Shakeout
Bitcoin is trading near $73,640 as of ~06:20 UTC, roughly flat over the last 24 hours, after briefly dipping to around $72,700 following hotter-than-expected US October CPI data. BTC sits near its lowest levels since August.
What's weighing on the market:
• Hot CPI revived Fed hike bets; the US 10-year yield briefly traded above 5%
• Spot BTC ETFs logged a 4th straight session of outflows
• Around $723M in positions were liquidated in a day, mostly longs
• AI-linked tech stocks keep selling off, dragging risk appetite
Majors:
$BTC ~$73.6K | 24H: ~-0.2%
$ETH ~$2,060 (yesterday's level), testing the $2,000 zone | 24H yesterday: ~-2.4%
$ZEC among the weakest large caps
Sentiment: Fear & Greed at 26 ("Fear").
Watch next: Friday's US PPI print — analysts flag ~$72K–73K as key BTC support and ~$75K as the level to reclaim.
Intraday (since 21:00 UTC) % not shown — could not be reliably verified.
Bitcoin is trading near $73,640 as of ~06:20 UTC, roughly flat over the last 24 hours, after briefly dipping to around $72,700 following hotter-than-expected US October CPI data. BTC sits near its lowest levels since August.
What's weighing on the market:
• Hot CPI revived Fed hike bets; the US 10-year yield briefly traded above 5%
• Spot BTC ETFs logged a 4th straight session of outflows
• Around $723M in positions were liquidated in a day, mostly longs
• AI-linked tech stocks keep selling off, dragging risk appetite
Majors:
$BTC ~$73.6K | 24H: ~-0.2%
$ETH ~$2,060 (yesterday's level), testing the $2,000 zone | 24H yesterday: ~-2.4%
$ZEC among the weakest large caps
Sentiment: Fear & Greed at 26 ("Fear").
Watch next: Friday's US PPI print — analysts flag ~$72K–73K as key BTC support and ~$75K as the level to reclaim.
Intraday (since 21:00 UTC) % not shown — could not be reliably verified.