Bitcoin traded near $73,619 on Nov. 11, 2026, down 1.49% over 24 hours, after U.S. inflation for October exceeded economists’ forecasts. The release pushed Bitcoin below $74,000, while the U.S. 10-year Treasury yield approached 5% and investors reassessed expectations for the Federal Reserve’s December policy meeting.

Spot Bitcoin exchange-traded funds (ETFs) also recorded approximately $201 million in net withdrawals, adding to pressure on the cryptocurrency.

October CPI Exceeds Forecasts

The U.S. Bureau of Labor Statistics reported that consumer prices increased 0.4% month over month in October, compared with a 0.3% forecast. Core CPI, which excludes food and energy, rose 0.3%, versus economists’ expectation of 0.2%.

Food prices increased 0.5% during the month, while energy prices rose 0.7%. Shelter costs climbed 0.3% and accounted for more than 30% of the monthly increase in headline CPI. Together, these categories contributed to the broader rise in household costs.

Headline inflation slowed from September’s 0.6% monthly increase, but the October reading remained above market expectations. Core consumer prices also continued to rise at the same monthly pace for a third consecutive month. The data added to concerns that inflation could remain above the Federal Reserve’s target and prompted investors to adjust their expectations for the Fed’s December meeting.

The CPI report was released on Nov. 10 by the U.S. Bureau of Labor Statistics:

Treasury Yields Rise as Rate-Hike Risk Increases

The U.S. 10-year Treasury yield rose to 4.99% after the inflation figures, while the two-year yield advanced to 4.69%. Higher government bond yields provide investors with more income from fixed-income assets and can reduce demand for assets that do not pay interest.

Federal Reserve Governor Christopher Waller said Tuesday that the central bank should consider raising interest rates in December. He also raised the possibility of a larger, 50-basis-point increase if inflation pressures required stronger action.

The Fed has not announced its next decision. Policymakers are expected to review additional economic data before the meeting, and market participants will be watching those releases, along with further Fed commentary, for signals on the policy path. The stronger U.S. dollar also added to pressure on cryptocurrency markets, with the U.S. Dollar Index remaining above 102 as Treasury yields increased.

Crypto markets can experience selling when investors reduce exposure to risk assets during periods of tighter monetary conditions. However, the market’s price movements do not by themselves establish the cause of any individual trade.

Bitcoin Selling and ETF Outflows Continue

CoinMarketCap data showed Bitcoin moving above $74,500 early in the session before sellers pushed BTC below $73,000. Buyers later recovered part of the decline, although the price remained below its earlier highs. Bitcoin’s market capitalization stood near $1.48 trillion, down 1.5% over the same period.

Derivatives activity also indicated weaker participation. Open interest, which measures the total value of outstanding derivatives positions, stood near $25.4 billion according to CryptoQuant data, after a decline that began at the start of November. A fall in open interest alongside lower prices can indicate that traders are closing leveraged positions rather than opening new ones.

U.S. spot Bitcoin ETFs recorded approximately $201 million in net outflows on Nov. 9. These funds hold Bitcoin directly and trade on traditional securities exchanges, which makes their daily flow reports a widely followed gauge of institutional demand for the asset. The withdrawals included $213.2 million from BlackRock’s IBIT fund, which recorded its seventh consecutive session of net outflows, according to the report.

Bitcoin Watches Support Near $73,000

Bitcoin remains close to its 200-day moving average, which is around $73,200 and is being monitored by analysts as a potential support level. The 200-day moving average is a widely tracked long-term trend indicator, and price behavior around it typically draws attention from technical traders. A sustained move below $73,000 could extend the decline toward $70,000.

Analyst That Martini Guy said Bitcoin was approaching a new daily closing low as selling pressure continued. The analysis also said that BTC was moving into a price gap left by August’s rally, with the chart showing further weakness near $73,363. The analyst’s X post is available here: https://x.com/MartiniGuyYT/status/2120245114693922922?a=dBgYuHap8W1IA4L1tio&s=20

If the decline continues, BTC could retest the $66,758–$68,000 region, where previous resistance may now act as support. On the upside, $76,500 is identified as a resistance area that Bitcoin would need to reclaim. A stronger recovery toward $78,000 could improve the short-term price structure.

Beyond the chart levels, near-term attention is likely to center on daily ETF flow reports and the additional U.S. economic data the Federal Reserve will review before its December decision, both of which have featured in this week’s market movement.

Original source: https://themarketperiodical.com/2026/11/11/bitcoin-price-falls-below-74k-as-hot-cpi-raises-fed-hike-risk

This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency prices can fluctuate sharply, and readers should independently verify market information before making financial decisions.