Bitcoin fell to $73,518 at Tuesday’s Wall Street open, near its lowest level since Aug. 21, after US October inflation exceeded expectations. It later rose back above $74,000. The Consumer Price Index increased 0.4% from September, against a forecast of 0.3%, but slowed from September’s 0.6% rise. The report had no year-on-year figure because data was not collected during the 2025 US government shutdown.
Federal Reserve governor Christopher Waller said he favored a 25-basis-point rate increase in December, while CME Group data showed markets pricing in a 96.3% chance of one. The Nasdaq opened down 0.6% before recovering its losses; Mosaic Asset Company said heavy selling pressure might signal a long-term bottom.
