US CPI Report Today: How Will Bitcoin React to the Hot Data?
US CPI Report Today: Which Prices Drove Inflation Higher?
Did inflation just rewrite the Fed’s script? The US CPI report today says it may have. October headline prices rose 0.4% from September, above the 0.3% forecast, while core prices gained 0.3% against a 0.2% estimate, based on BLS data.
Following this US inflation data, Bitcoin price slipped within hours, and the crypto market drop now sits at the center of the Fed rate hike debate.
Inside the US CPI Report Today: Where Prices Rose Fastest in October
The pressure was broad, not a one-off, based on the October CPI breakdown:
Shelter: up 0.3%, over 30% of the monthly gain
Food: up 0.5%, with groceries at 0.4% and restaurants at 0.5%
Energy: up 0.7%, led by a 1.0% jump in gasoline
Core CPI: up 0.3% for a third straight month
Costly oil tied to the US–Iran war, tariff effects, and firm demand for services explain much of the push. Core inflation has run above the 0.2% pace that fits the Fed’s 2% goal.
BLS also skipped yearly figures, since the 2025 shutdown disrupted data collection, so the latest US inflation data leans on monthly moves.
Crypto Market Today Reaction: Liquidations After the US CPI Report
Crypto news today centers on the usual chain reaction. Hotter inflation hit risk assets quickly. The broader crypto market today turned red as traders cut leveraged positions, with the October CPI breakdown pushing rate-hike fears higher.
Current market as of November 11, based on CoinMarketCap data:
Total market cap: $2.45T, down 1.21%
Fear & Greed Index: 26 (Fear)
Altcoin Season Index: 45
24-hour liquidations: $723.59M, with $571.10M in longs and $152.49M in shorts
Open interest: $348.08B, down 0.92%
24-hour trading volume: $827.07B, up 8.66%
Source: CoinGlass Official (last 24-hours total crypto liquidation data)
Spot crypto ETF flows added to the selling pressure with a net outflow of $16.77 million on November 10 as per SoSoValue. Fidelity $FBTC led the outflows, with $36.79 million in withdrawals.
Bitcoin Price Today Reacted as Liquidations Hit the Market
The Bitcoin price today sits near the low $73K area after a choppy 24 hours. The Bitcoin price page lists these major numbers:
Price: $73,727.24, down 1.02% in 24 hours and 3.45% on the week
24-hour range: about $72,750 to $74,670
Market cap: $1.48T, down 1%
24-hour volume: $28.49B, up 10.13%
Volume rose while the price fell, which points to active selling and fresh positioning rather than a quiet drift lower.
Fed Rate Hike Odds Jump to 100% Ahead of the December FOMC Meeting
Since the US CPI report today landed, futures pricing leaves little room for a pause. CME FedWatch data from Nov. 10 shows a 100% chance of a hike at the Fed December meeting on Dec. 8–9, up from 84% a day earlier:
25 bps hike (4.00%–4.25%): 87.3%
50 bps hike (4.25%–4.50%): 12.7%, up from 0% a day earlier
No change: 0%, down from 16%
The Fed now holds rates at 3.75%–4.00%. Governor Waller had flagged that a 0.3% core reading would put a larger move on the table, per Reuters reports.
The final Fed rate decision still depends on PCE report, jobs, and spending data. Market odds are not a Fed commitment.
What Hotter Inflation Could Mean for Crypto Market Today and Beyond
Higher-for-longer rates usually weigh on risk assets for weeks, sometimes a couple of months, with volatility around data and Federal Reserve speeches.
Sticky core prices also raise the chance of a restrictive stance into 2027, which could keep crypto defensive. Thinner liquidity and higher real yields hurt ETF flows and speculative positions. A lasting inflation burst could revive Bitcoin’s store-of-value case later, but only after tighter policy runs its course. For now, the US CPI report today keeps CPI crypto links tied to rates, not narratives.
The next test comes quickly. PCE inflation and the Dec. 9 decision will show whether Bitcoin can defend the $72,800 intraday low or whether a 50 bps hike pushes it lower.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Crypto markets carry significant risk. Always do your own research before making any investment decisions.
