Bitcoin
Crypto Market Today, Nov. 10: Bitcoin Slides Below $74,000 as Hot Inflation Data Sends Crypto Markets Tumbling
Cryptocurrency markets took another hit on Tuesday, November 10, as hotter-than-expected inflation data weighed on investor sentiment and fueled concerns about higher interest rates. As of early evening, Bitcoin ( BTC -1.32%) fell 1.83% to $73,874.38, while Ethereum ( ETH -3.21%) declined 3.43% to $2,059.16 and Solana ( SOL -3.58%) dropped 3.69% to $83.37. The broad-based sell-off reflected weakening risk appetite as investors reassessed the outlook for Federal Reserve monetary policy. What's driving crypto markets Tuesday's inflation surprise triggered a sharp sell-off in U.S. government bonds, pushing Treasury yields higher as investors priced in more aggressive monetary tightening. The benchmark...
The Motley Fool5 min read
