Bitcoin falls to its lowest level in almost three months amid US inflation

The cryptocurrency market reacted to the inflation data

On Tuesday, November 10, 2026, Bitcoin fell to its lowest level in almost three months, losing up to 3% and dropping to $72,695, which brought its year-to-date losses to about 17%. This was reported by the Anadolu agency. The decline came after the release of US consumer price data that turned out stronger than expected, reinforcing expectations of further rate hikes by the Federal Reserve.

Inflation came in above forecasts

According to the US Bureau of Labor Statistics, cited by Anadolu, consumer prices rose 0.4% in October after a 0.6% increase in September. Core inflation, excluding food and energy, held at 0.3% for the third consecutive month. Both figures exceeded market forecasts, which had projected a 0.3% rise in headline and 0.2% in core. Housing costs rose 0.3% and accounted for more than 30% of the total monthly increase, food prices added 0.5%, and energy prices rose 0.7%.

The decline hit the entire sector

The drop spread across the entire cryptocurrency market: Ether and XRP each lost more than 5%, while Zcash plunged about 14%. Shares of crypto-related companies also came under pressure: Strategy (a bitcoin treasury company) fell about 4.4%, the Coinbase exchange dropped 4.1%, and the stablecoin issuer Circle fell 4.4%.

Why inflation weighs on cryptocurrencies

As Anadolu explains, the data reinforced concerns that persistent price pressure will require tighter monetary policy, which reduces investors' appetite for cryptocurrencies and other speculative assets. Higher rates weigh on cryptocurrencies by raising the yields on interest-bearing assets and tightening financial conditions — meaning investors get a more attractive risk-free alternative to risky investments.