Bitcoin slips toward 11-week low as US inflation exceeds forecasts
Bitcoin and US stocks fell after a higher-than-expected US inflation reading reinforced expectations for a December rate hike.
Bitcoin and US stocks fell after a higher-than-expected US inflation reading reinforced expectations for a December rate hike. Bitcoin (BTC) is trading at ₹68,45,653 ($72,881.00). This is an original Token Times brief based on reporting by Cointelegraph, with live market data added, as of Tue, 10 Nov 2026 17:45:01 UTC.
A stronger inflation signal can increase pressure on risk assets by reinforcing tighter-rate expectations, placing bitcoin alongside other markets sensitive to the Federal Reserve’s policy path.
- October US inflation exceeded forecasts, pressuring bitcoin and stocks.
- Traders expect a quarter-point December Federal Reserve rate hike.
- Bitcoin trades at $72,948, down 2.70% over 24 hours.
- Seven-day decline stands at 6.22%, while sentiment remains fearful.
- Bitcoin slips toward $75,000 as tech weakness triggers liquidations
- Bitcoin slips toward 11-week low as US inflation exceeds forecasts — this brief
Bitcoin moved toward an 11-week low after the latest US consumer-price inflation report came in above forecasts. Cointelegraph reported that bitcoin and US stocks initially declined following the October inflation release, as investors assessed the implications for Federal Reserve policy.
The market reaction was tied to expectations that the Fed will raise interest rates by a quarter-point in December. The supplied coverage did not provide the underlying inflation figure or a detailed asset-by-asset breakdown, but it identified the stronger-than-expected reading as the immediate catalyst for the risk-off move.
Cointelegraph is the only outlet in the supplied coverage, so there is no second-source corroboration or competing estimate to compare. Its account emphasizes the inflation surprise, the initial fall in bitcoin and US stocks, and traders’ expectations for a 25-basis-point December rate hike.
Live data showed bitcoin at $72,948, down 2.70% over 24 hours and 6.22% over seven days. Its market capitalization was $1.47 trillion within a total crypto market capitalization of $2.5 trillion, while the broader market was broadly lower. The Fear & Greed index stood at 32, placing sentiment in Fear as bitcoin traded near the reported 11-week low.
Since this brief published about 1 hour ago, Bitcoin (BTC) has moved from ₹68,51,946.70$72,948.00 to ₹68,45,653.44$72,881.00 — -0.09%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will there be no change in Fed interest rates after the January 2027 meeting?
Crowd-implied probability on Polymarket, ₹11.47M 24h volume, resolves Jan 28 — snapshotted when this brief published (Nov 10 17:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹7.25M (about $72,881.00), down 2.3% over 24 hours. The rupee itself trades about 5.9% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Bitcoin slips toward 11-week low as US inflation exceeds for — questions & answers
Did October US inflation meet forecasts?
No. Cointelegraph reported that October inflation topped forecasts, contributing to declines in bitcoin and US stocks.
What rate move are traders expecting in December?
Traders are expecting the Federal Reserve to raise interest rates by a quarter-point in December.
How is bitcoin performing around the report?
Bitcoin trades at $72,948, down 2.70% over 24 hours and 6.22% over seven days, near an 11-week low.
How much is 1 Bitcoin worth in rupee today?
About ₹7.25M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $72,881.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.09% since this brief first published — trading at ₹68,45,653 ($72,881.00) now versus ₹68,51,947 ($72,948.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Cointelegraph. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.