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Daily Market Update Nov 11: Bitcoin Drops to $72,600 After Hot CPI, and All Eyes Turn to Friday’s PPI Data
Bitcoin sank to roughly $72,600 once October’s inflation numbers beat forecasts, then bounced to about $73,293, still off 1.79% on the day. Headline prices rose 0.4% against 0.3% expected, and core rose 0.3% against 0.2%. Because this was the final reading before the Fed’s December meeting, traders see a stronger argument for another hike, and …
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About the author
Covers Bitcoin, on-chain data and market structure. Breaks down what the charts and wallet flows are actually saying, without the hype.
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