US consumer prices rose faster than economists expected in October, and bitcoin slid toward a nearly three-month low, CoinDesk reported. The Bureau of Labor Statistics said the all-items consumer price index rose 0.4% on a seasonally adjusted basis. That was below September’s 0.6% gain but above the 0.3% forecast cited by CoinDesk. Core CPI, which excludes food and energy, rose 0.3%, against a 0.2% forecast. The BLS did not publish 12-month changes because it did not collect October 2025 data during a lapse in appropriations.
Yahoo Finance reported that energy prices rose 0.7% after a 5.2% jump in September, food rose 0.5% and housing 0.3%.
Bitcoin dipped about 1% to roughly $73,600 after the release, CoinDesk reported. Its live blog later showed bitcoin barely holding $73,000, its weakest level since Aug. 20, before it slipped below that mark. Crypto Insiders put bitcoin near $73,912 in the late afternoon, down 1.5% over 24 hours. CoinDesk said ether, XRP and Solana were down closer to 6% at one point.
Rate expectations moved as well. Citing CME FedWatch, CoinDesk reported an 85% chance of a 25 basis point hike at the Dec. 9 meeting and 15% for 50 basis points, with the odds of a hold at zero. The 10-year Treasury yield rose above 5%, and Nasdaq 100 futures were down 1.15% right after the release, CoinDesk reported.
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Sources:
CoinDesk: U.S. CPI rose stronger than expected 0.4% in October; core rate rose 0.3%
CoinDesk live news: Traders price in Fed rate hike for December as bitcoin and gold retreat
Crypto Insiders: Crypto Radar, Bitcoin zakt na inflatiecijfers
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