Bitcoin Slips Below $73,000 After Hot Inflation Report

Bitcoin dropped below $73,000 on Tuesday, November 10, 2026, after a hotter-than-expected U.S. inflation report added to bets that the Federal Reserve will raise interest rates in December. At 11:00 a.m. ET the coin was barely holding $73,000, its weakest level since August 20 and about 3% lower over 24 hours, CoinDesk reported. By 11:46 a.m. ET it had slipped back below that mark.

In a report published at 10:51 a.m. ET, TokenPost put bitcoin at $72,952 on the HTX exchange, down 3.31% in 24 hours. Prices move quickly, so check a live quote before you trade.

How the inflation report hit crypto

Bitcoin was near $74,300 just before the 8:30 a.m. ET release and fell to about $73,400 right after it, according to Bitcoin Magazine. The October CPI report showed consumer prices up 0.4% and core prices up 0.3%, both above forecasts.

Higher rates tend to hurt assets that pay no interest, such as bitcoin and gold. After the data, CME FedWatch showed an 85% chance of a quarter-point Fed hike at the December 9 meeting and a 15% chance of a half-point move, as of 9:42 a.m. ET, CoinDesk said. Crypto.news reported that about $200 million of leveraged crypto bets were liquidated within five minutes of the release.

Other coins fell harder. Ether, XRP and solana were down closer to 6% over 24 hours as of 11:00 a.m. ET, according to CoinDesk.

ETF money keeps leaving

U.S. spot bitcoin ETFs had net outflows of $201 million on Monday, November 9, according to Farside Investors data cited by CoinDesk and KuCoin News. Spot ether ETFs lost $184.6 million the same day.

Source: Farside Investors via KuCoin News.

IBIT has now had seven straight sessions of redemptions, and spot bitcoin ETFs have lost about $1.5 billion since November 2, CoinDesk reported. Bitcoin also missed out on Monday's stock rally, when the S&P 500 had its best day since April 8. If you're new to these funds, our guide what is an ETF explains how they work.

Miners are selling

Bitcoin miner MARA said it sold 13,597 bitcoin for about $1.1 billion over the past six weeks and plans to sell more, according to CoinDesk. Large holders selling can add supply when demand from ETF buyers is already weak.

Levels traders are watching

Analysts quoted by Bitcoin Magazine and crypto.news named $73,000 as the key support level, warning that a daily close below it could open the way toward $70,000. Bitcoin topped $87,000 in early October, Bitcoin Magazine said. Our earlier coverage of bitcoin's fifth weekly loss shows how the slide built up.

Thinking about buying the dip? Read how to buy bitcoin safely first, and only invest money you can afford to lose.

This article is for information only and is not investment advice.