Key insights
- Bitcoin price today is trading at $72,875.49, down 2.8% and near its 24-hour low.
- October CPI rose 0.3%, while core prices advanced 0.3%, above the 0.2% forecast.
- Spot Bitcoin ETFs lost $1.28 billion during November’s first trading week, SoSoValue reported.
Bitcoin price today dropped below $73,000 on Nov. 10, 2026, after U.S. consumer inflation exceeded forecasts. CoinGecko’s intraday snapshot placed Bitcoin (BTC) at $72,875.49, down 2.8% over 24 hours. The decline coincided with increased expectations of a December Federal Reserve interest-rate hike.
The Bureau of Labor Statistics (BLS) reported a 0.4% monthly increase in October’s Consumer Price Index (CPI). Core inflation rose 0.3%, above forecasts of 0.2%. Meanwhile, spot Bitcoin exchange-traded funds (ETFs) continued recording withdrawals following a $1.28 billion weekly outflow.
Bitcoin Price Today Falls Below $73K After CPI Release
Bitcoin price today moved between $72,744.19 and $75,328.46 during the reported 24-hour period. BTC initially climbed above $75,000 before reversing and approaching its daily low.
The CoinGecko snapshot showed Bitcoin trading approximately $131 above that low. Its market capitalization stood near $1.465 trillion, following a 2.56% daily decline.
Trading activity remained elevated during the selloff. CoinGecko listed approximately $28.52 billion in 24-hour volume and $47.43 billion in perpetual futures open interest.
The Bitcoin price today snapshot also showed a 6.2% seven-day decline. Losses reached 9.5% over 14 days and 13.1% over 30 days.
However, the $72,875 quotation represented an intraday reading rather than a completed daily closing price. Later Nov. 10 market data showed Bitcoin recovering above $73,000, although it remained below its earlier session high.
The decline followed broader weakness across cryptocurrency markets. However, simultaneous losses do not establish that the inflation report alone caused every asset’s price movement.
October CPI Report Revives Fed Hike Bets
The October CPI report showed consumer prices rose 0.3% from September, according to the Labor Department. That matched the monthly increase recorded in each of the previous two months. Core CPI, which excludes food and energy, rose 0.3% month over month, above the 0.2% forecast.
However, the Bureau of Labor Statistics did not publish an October year-over-year inflation rate. A federal shutdown in October 2025 prevented the agency from collecting price data, leaving no annual comparison base.
September’s annual consumer inflation reached 3.7%, while core CPI inflation stood at 2.6% year over year. Both measures remained above the Federal Reserve’s 2% target.
A 50-Basis-Point Increase?
Against that backdrop, Fed Governor Christopher Waller said Tuesday that the central bank should raise rates next month. Reuters reported that Waller also raised the possibility of a 50-basis-point increase.
He tied that option to monthly core inflation of at least 0.3%, a threshold October’s reading met. Waller also said a stronger policy move could be needed.
Meanwhile, financial markets priced an 89% chance of a 25-basis-point increase next month. Separate prediction-market figures showed 85% odds of a standard 25-basis-point move and 12% odds of a larger increase.
Natixis said hotter-than-expected inflation and hawkish Fed remarks put a larger December hike on the table. Walter Bloomberg posted on X that a 50-basis-point hike was back in play. Last month, the Fed held its benchmark overnight rate between 3.75% and 4.00%.
The inflation report also followed rising costs for food and accommodation. Reuters linked higher oil prices to the US-Israeli war with Iran. The news agency also cited tariffs the Trump administration implemented last year as a source of higher living costs.
High inflation contributed to Republican losses in the midterm elections.
Bitcoin ETF Outflows Reach $1.28 Billion
The Bitcoin price snapshot today came as spot funds continued recording withdrawals. Spot Bitcoin ETFs lost $1.28 billion during November’s first trading week, according to SoSoValue.
Investors withdrew $430.20 million on Nov. 5. Another $411.92 million left on Nov. 6, mostly from BlackRock’s IBIT.
By Nov. 9, spot Bitcoin ETFs recorded a further $201.08 million in outflows.
Strategy Reports Bitcoin Purchase and STRC Buyback
BTC treasury company activity continued as Bitcoin price today remained below Strategy’s reported average purchase price.
Strategy acquired 1,036 BTC during the week ending Nov. 8, paying an average of $79,012 per coin.
The company also repurchased 1.89 million STRC preferred shares for $188.3 million during that week.
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets involve substantial risks. Readers should independently assess market data and financial decisions.
