Bitcoin hovers near $75,000 as U.S. stocks rebound
Bitcoin has lagged behind the recent rally in U.S. stocks as traders await the release of the October inflation report.
Key takeaways
- (Fact) Bitcoin has remained near the $75,000 level following a wave of liquidations.
- (Fact) U.S. stocks experienced a rally, while spot Bitcoin ETFs reported a loss of $201 million.
- (Fact) Investors are currently awaiting the release of the October inflation data.
- (Fact) The upcoming inflation report is expected to test market bets regarding a potential December Fed rate hike.
Market Divergence Ahead of Inflation Data
Bitcoin has been trading near $75,000 while U.S. stocks have seen a recent rebound. This movement occurs as investors prepare for the release of the October inflation report, which is expected to influence market sentiment.
Despite the rally in U.S. stocks, Bitcoin has slipped, and spot Bitcoin ETFs have reported a loss of $201 million. According to CoinDesk, the asset has lagged behind the stock market's recent gains.
The upcoming inflation data is viewed by traders as a key factor that could test market expectations regarding a potential rate hike by the Federal Reserve in December.
Market Context
U.S. stocks rallied while oil prices fell, according to Decrypt. Bitcoin's movement has been characterized by a period of liquidations, keeping its price near the $75,000 mark.
Updated 11 November 2026
According to CoinDesk, Fed Governor Waller publicly backed a December rate increase even if inflation cools. CoinDesk also reported that Anthropic withdrew its IPO pricing details.
Sources
3 reports used for this story:
- Decrypt — Bitcoin in Limbo as Stocks Rebound Ahead of US Inflation Report
- CoinDesk — Bitcoin lags stock rebound in advance of U.S. inflation report
- CoinDesk — Bitcoin slips before U.S. inflation report as traders price in Fed rate increase
This article was prepared by BattleTown Newsroom from the reports listed above.
bitcoinThis story is for information only. It is not financial, investment or legal advice. Disclaimer
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