Bitcoin Falls to 11-Week Low After Higher-Than-Expected U.S. Inflation Data

A facts-only brief, written by a local AI model from this article in The Wall Street Journal, November 10, 2026. It may contain mistakes, and it is not the article: the full story is at wsj.com.

Bitcoin fell to an 11-week low of $73,588 after October U.S. inflation data exceeded expectations, according to LSEG data. Headline consumer prices rose 0.4% month-over-month, surpassing the 0.3% increase projected by surveyed economists, while core inflation climbed 0.3%, matching September’s figure. The stronger-than-anticipated price growth reinforced arguments for the Federal Reserve to continue raising interest rates, which pressured risky assets. Annual inflation figures were omitted from the report due to the previous year’s government shutdown.

Background

• Federal Reserve Governor Christopher Waller stated he would support a 25 basis point rate hike in December, causing markets to price in a 98% probability for such an action.
• Sterling fell 0.1% to $1.3429 as lower oil prices reduced the likelihood of further Bank of England rate increases, while the dollar index rose 0.1% to 101.703.
• Analysts from MUFG Bank noted that leveraged funds remain heavily short on the euro, creating potential for a short squeeze if energy concerns fade.
• OCBC analysts indicated that China’s recent increase in banks’ foreign-exchange reserve requirements aims to slow yuan appreciation rather than reverse it.

Read the full article at wsj.com

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