Bitcoin approaches 11-week low after US October CPI beats forecasts
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Bitcoin and US stocks fell at Tuesday’s Wall Street open as BTC/USD dropped to about $73,518, near an 11-week low last seen on Aug. 21. October CPI rose 0.4% month on month versus an expected 0.3%; year-on-year data was missing because of the 2025 government shutdown. Shelter rose 0.3% and food 0.5%; energy was up 0.7% after September’s 5.2%. Economist Robin Brooks called the result discouraging. Markets now expect a 25-basis-point Fed rate hike in December.
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