Hotter US inflation sends Bitcoin below $73,000 as the 10-year yield nears 5%

Published 11 November 2026 · by Hunt4Coin

US consumer prices rose 0.4% in October and core prices 0.3%, both a tenth above forecasts, and the report on Tuesday 10 November 2026 pushed bond yields towards 5% and traders further towards a December Fed rate hike, while Bitcoin fell below $73,000 for the first time since 20 August (CoinDesk; StockTitan citing the BLS; Hunt4Coin's Binance candles).

The inflation numbers

Headline CPI: +0.4% month on month in October, against about +0.3% expected, after +0.6% in September (CoinDesk; CappNotes; StockTitan quoting the Bureau of Labor Statistics).
Core CPI (without food and energy): +0.3%, against about +0.2% expected, the same pace as in August and September (CoinDesk; StockTitan).
No yearly rate. As flagged before the release, the BLS did not publish 12-month changes because October 2025 prices were not collected during last year's government shutdown (CoinDesk; StockTitan; CappNotes).

How each market reacted on Tuesday 10 November

Market	Move on 10 Nov	Level
Bitcoin (Binance BTC/USDT, daily candle)	−2.09%	$73,796.06 close, low $72,727.27
Ether (Binance ETH/USDT, daily candle)	−3.84%	$2,053.21 close, low $2,006.00
S&P 500	−0.38%	7,520.93
Nasdaq Composite	−0.74%	25,065.88
Dow Jones	−0.30%	52,231.89
US 10-year Treasury yield	about +12 basis points	4.98% (above 5% intraday)
US dollar index (DXY)	+0.6%	102.26
Brent crude	−0.79%	$91.84
Gold (spot)	about unchanged	$4,030.66

Crypto rows are the daily candles (00:00–24:00 UTC) on Binance from Hunt4Coin's own chart data; stock, yield, dollar, oil and gold figures are JournalArta's closing snapshot. Sources differ on gold: CappNotes has gold futures down 2.05% at $4,030.20 against the previous day's futures close, while JournalArta's spot price was flat, and CoinDesk reported gold more than 1% lower during the morning. Brent briefly traded below $90 for the first time since August before settling at $91.49 (CappNotes).

What the Bitcoin chart showed

At the release (8:30 a.m. ET, 13:30 UTC). The 15-minute candle that opened at 13:30 UTC traded 1,530 BTC on Binance, more than ten times the 126 BTC of the candle before it. It ranged from $74,770.01 to $73,524.73 and closed at $73,897.71: long wicks on both sides, a common shape around a data release.
At the US stock open (15:00 UTC). Price first rebounded to $74,843.82, then the hourly candle fell to $72,866 and closed at $73,216.01 on 2,402 BTC, the heaviest hour of the day.
The low. The next hour reached $72,727.27, the low of the day, before Bitcoin recovered to close the daily candle at $73,796.06. On the daily chart the whole episode is one red candle with a lower wick of about 1.5%.

CoinDesk described it as Bitcoin's first trade below $73,000 since 20 August. Our free candle charts show the same candles on the Bitcoin and Ethereum pages; Solana ended the day 3.9% lower at $83.35 on Binance.

Why a hotter CPI hit crypto

Higher rate expectations. After the report CME FedWatch priced about an 88% chance of a 25 basis-point hike and 11% for 50 points at the 9 December meeting (CappNotes, citing CNBC); CoinDesk's morning reading was about 85% and 15%, with the chance of no change at zero. Governor Waller said a December hike was likely and that a half-point move should be considered if core inflation stays near 0.3% (StockTitan).
Yields and the dollar. The 10-year yield traded above 5% intraday and the 2-year rose about 17 basis points to 4.73% (CappNotes). Higher risk-free yields and a stronger dollar usually weigh on assets with no yield, such as Bitcoin and gold.
Stocks were not the main driver. The S&P 500 fell less than 0.4%, and StockTitan cites CNBC saying Nvidia's drop after its board opened an investigation into its chief executive dragged the indexes more than inflation did.

Two days ago we reported that crypto lagged a strong stock rally on 9 November (our 10 November report); on CPI day it fell further than stocks. That pattern, crypto reacting more to rate expectations than to the stock market itself, is what Module 8 of the Trading Mastery Program looks at.

What comes next

US producer prices (PPI) are due on Friday 13 November and the minutes of the Fed's last meeting on 18 November. We don't forecast the reaction. Today's lesson, timeframes and multi-timeframe reading, uses this CPI day to show how the same move looks on the 15-minute, 1-hour, 4-hour and daily charts. You can also see which top-100 coins reached RSI below 30 in the crypto screener, or set a price alert instead of watching the screen.

Information only, not financial advice. Trading crypto, stocks, metals, oil or forex is risky; never trade money you can't afford to lose.