Bitcoin falls below $74,000 as October inflation tops forecasts

Bitcoin falls below $74,000

Bitcoin fell below $74,000 after US inflation for October came in above forecasts, according to reports published on 10 November 2026 by Decrypt and Cointelegraph. Both outlets connected the move to expectations that the Federal Reserve will raise interest rates again at its December meeting.

Decrypt reported that the inflation reading increased pressure on the Federal Reserve to raise rates again in December. Cointelegraph reported that the data raised the odds of a half-point increase at that meeting, a move of 0.5 percentage points, and said the prospect raised concerns for crypto investors.

The two reports agree that inflation beat forecasts and that bitcoin traded below $74,000. Neither gave the October inflation figure, the level of the Fed's current rate, or the date of the December meeting.

What the reports leave open

Neither report included a statement from the Federal Reserve or from any Fed official. Neither said how far bitcoin had fallen in percentage terms, or what price it traded at before the inflation release.

Cointelegraph described the expectation of a bigger December increase without naming who holds it. Decrypt described pressure on the Fed without giving a size for any increase. Neither report said what the Fed itself has signalled about December.