Bitcoin fell toward $73,000 on November 10, 2026, after the U.S. Bureau of Labor Statistics reported that consumer prices rose 0.4% in October (BLS). Economists had expected 0.3%, and core prices rose 0.3% against an expected 0.2%.
October CPI Details
The Consumer Price Index for All Urban Consumers rose 0.4% on a seasonally adjusted basis in October, after rising 0.6% in September. Shelter prices rose 0.3% and accounted for over 30% of the monthly increase. Food prices rose 0.5%, and energy prices rose 0.7% after a 5.2% increase in September. Core prices, which exclude food and energy, rose 0.3%, the same pace as in September and August (BLS).
Above Forecasts, No Annual Rate
Economists had expected headline CPI to rise 0.3% and core CPI to rise 0.2%, so both readings came in 0.1 percentage point higher (The Block). BLS did not collect October 2025 survey data because of a lapse in appropriations, so it did not publish October 2026 12-month changes for indexes without that reading, including the all-items index (BLS).
Bitcoin's Price Move
Bitcoin traded near $74,300 before the release and fell to around $73,500 in the minutes that followed, about 2% below Monday's close. It reached a low of $72,787 and traded at $73,092, just under its 200-day moving average of $73,134 (investingLive). Later on November 10, bitcoin traded at $73,363, down 1.6%. Ether fell 3.7% to $2,042, and Solana dropped more than 4% to below $83 (The Block).
Fed Rate Outlook
The Federal Reserve held its policy rate at 3.75%–4.00% on October 28, 2026, in a 10–2 vote. Two members, Lisa D. Cook and Beth M. Hammack, voted against, preferring a 0.25-percentage-point increase (Federal Reserve). In overnight comments in London before the CPI release, Fed Governor Christopher Waller said a core reading of 0.3% would prompt him to consider a half-point hike at the Fed's December 8–9 meeting (Reuters).
Treasury Yields Jump
The CPI data and Waller's comments drove a selloff in U.S. Treasuries, with the 2-year yield rising by the most since early April 2025 (Reuters). In late trading on November 10, the 2-year yield stood at 4.7335%, up 18.65 basis points, or 0.1865 percentage points. The 10-year yield stood at 4.9875%, up 12.55 basis points, after trading above 5% during the session. The dollar gained against every major currency, traders raised the odds of a half-point hike in December, and the higher yields and stronger dollar added to the pressure on bitcoin (investingLive).
Key Price Levels
In the 24 hours to early November 11 in Asia, bitcoin traded between $72,691 and $75,411, CoinGlass data showed (Aktualita). Matt Mena, senior crypto research strategist at 21Shares, said $73,000 is a key level because it sits near bitcoin's pre-election 2024 all-time high and its April 2025 lows. He said a sustained break below it could send bitcoin toward $69,000. Bitget analyst Lewis Huang flagged the 200-day moving average near $73,200 as key support (The Block).
What's Next
The Fed's next policy meeting runs December 8–9, 2026 (Reuters). BLS scheduled the November CPI release for Thursday, December 10, 2026, at 8:30 a.m. ET (BLS). October's report is therefore the last CPI reading before that meeting.
