{"id":249804,"date":"2026-11-10T14:27:49","date_gmt":"2026-11-10T14:27:49","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=249804"},"modified":"2026-11-10T14:27:49","modified_gmt":"2026-11-10T14:27:49","slug":"bitcoin-price-trades-down-near-73500-after-hot-cpi-print-lifts-fed-hike-bets","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=249804","title":{"rendered":"Bitcoin Price Trades Down Near $73,500 After Hot CPI Print Lifts Fed Hike Bets"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Bitcoin Price Trades Down Near $73,500 After Hot CPI Print Lifts Fed Hike Bets<\/a><\/p>\n

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Bitcoin price traded near $73,500 on Tuesday morning, down about 1% over the past day and roughly $32,000 below its price one year ago, after a hotter-than-expected inflation report revived fears of a larger Federal Reserve rate hike, according to Bitcoin Magazine Pro<\/em> data.<\/p>\n

The U.S. consumer price index rose<\/a> 0.4% in October, above the 0.3% economists expected. Core CPI, which strips out food and energy, climbed 0.3% against forecasts for 0.2%.<\/p>\n

Bitcoin price had been holding near $74,300 in the minutes before the 8:30 a.m. ET release. It dropped to about $73,400 right after the print, briefly undercutting Monday\u2019s overnight low of $73,477<\/a>, before steadying in the high-$73,000s.<\/p>\n

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JUST IN: U.S. CPI inflation comes in at 0.4% MoM, higher than expectations <\/p>\n

Bitcoin falls below $74,000 on the news. pic.twitter.com\/Zxq3LtVwAd<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) November 10, 2026<\/a>\n<\/p><\/div>\n

Food prices jumped<\/a> 0.5% on the month, energy rose 0.7% and gasoline gained 1.0%. Housing costs increased 0.3%.<\/p>\n

The report will not carry an annual inflation rate. The government shutdown in October 2025 kept the Bureau of Labor Statistics from collecting a full set of prices, so there is no comparable figure. Bank of America estimated<\/a> before the release that the annual rates were running near 3.8% for headline and 2.7% for core.<\/p>\n

Fed hike bets build around the bitcoin price<\/h2>\n

Bond traders moved first. Two- to five-year Treasury yields rose<\/a> at least 10 basis points on the day after the print, and traders boosted bets<\/a> on a half-point hike when the Fed meets on Dec. 9.<\/p>\n

That was the scenario Fed Governor Christopher Waller laid out hours earlier. He said<\/a> he is \u201cleaning toward\u201d a December increase and would back \u201cmore robust action\u201d if inflation ran hotter than expected.<\/p>\n

\u201cIn that case, I believe a 50 basis point hike in the policy rate should be considered at the December meeting,\u201d Waller said. \u201cHiking only 25 basis points would put our credibility at risk, a risk I am not eager to take.\u201d<\/p>\n

Before the data, markets had already largely priced in<\/a> a quarter-point move. Higher rates raise the cost of holding an asset that pays no yield, and that math has capped the bitcoin price since Friday\u2019s strong jobs report.<\/p>\n

Bitcoin had already been soft overnight. It lost<\/a> about 1.4% from midnight UTC before the data, even as Asian markets rallied. South Korea\u2019s Kospi jumped<\/a> 4.39% and Japan\u2019s Nikkei 225 rose 2.87%, while oil kept falling after President Donald Trump called fresh strikes on Iran \u201chighly unlikely.\u201d<\/p>\n

Stock futures were mixed going into the release. Dow futures rose<\/a> 156 points, or 0.3%, while Nasdaq-100 futures slipped 0.4% after Monday\u2019s rally gave the S&P 500 its best day since April 8.<\/p>\n

Commodities slipped too. West Texas Intermediate crude traded<\/a> near $84 a barrel, its lowest since late August, and gold fell just over 1% to below $4,100 an ounce.<\/p>\n

ETF outflows leave the bitcoin price exposed<\/h2>\n

Fund demand has not cushioned the drop. U.S. spot bitcoin ETFs shed<\/a> $201 million on Monday, led by $213.2 million leaving BlackRock\u2019s iShares Bitcoin Trust (IBIT), its seventh straight session of redemptions. The streak comes even as BlackRock says demand to swap coins into IBIT in kind<\/a> is at a record.<\/p>\n

The bitcoin price has drifted lower<\/a> since peaking above $87,000 in early October, as AI-related jitters weighed on Wall Street and ETF buyers stepped back.<\/p>\n

Ether fell<\/a> about 1.4% to near $2,100 overnight, as U.S. spot ether ETFs lost $184.6 million on Monday.<\/p>\n

Analysts flagged $73,000 as the line to watch. A daily close below it could open the way<\/a> to $70,000, while reclaiming $80,000 would point to stronger demand.<\/p>\n

Producer price data lands Friday, followed by minutes from the Fed\u2019s October meeting on Nov. 18. Both will help decide whether traders hold onto bets on a half-point hike or pare them back.<\/p>\n

At the time of writing, the bitcoin price is near $73,500.<\/p>\n

This post Bitcoin Price Trades Down Near $73,500 After Hot CPI Print Lifts Fed Hike Bets<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitcoin Price Trades Down Near $73,500 After Hot CPI Print Lifts Fed Hike Bets Bitcoin price traded near $73,500 on Tuesday morning, down about 1% over the past day and roughly $32,000 below its price one year ago, after a hotter-than-expected inflation report revived fears of a larger Federal Reserve rate hike, according […]<\/p>\n","protected":false},"author":0,"featured_media":249805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-249804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/249804"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=249804"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/249804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/249805"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=249804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=249804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=249804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}