Bitcoin price traded near $73,619 on Nov. 11, 2026, following hotter-than-expected U.S. inflation and rising Treasury yields. The cryptocurrency fell below $74,000 after October consumer prices exceeded economists’ forecasts on Nov. 10.
The U.S. 10-year Treasury yield approached 5%, while investors reassessed December Federal Reserve interest-rate expectations. Meanwhile, spot Bitcoin exchange-traded funds (ETFs) recorded another $201 million in withdrawals.
Bitcoin Price Falls as October CPI Exceeds Forecasts
The US Bureau of Labor Statistics reported a 0.4% monthly increase in consumer prices for October, compared with forecasts of 0.3%. Core CPI, which excludes food and energy, rose 0.3% against expectations of 0.2%. The report arrived on November 10 and added to concerns that inflation could remain above the Federal Reserve’s target.
Food prices increased 0.5% during October, while energy prices rose 0.7%. Shelter costs climbed 0.3% and accounted for more than 30% of the monthly increase in headline CPI. These categories contributed to the broader rise in household costs.
Headline inflation slowed from September’s 0.6% monthly increase, but the October reading still exceeded market estimates. The report also showed that core consumer prices continued rising at the same monthly pace for a third straight month. Investors responded by adjusting expectations for the Fed’s December policy meeting.
Treasury Yields Climb as Fed Rate Hike Risk Grows
The US 10-year Treasury yield climbed toward 5%, reaching 4.99% after the inflation figures. The two-year yield also advanced to 4.69%, reflecting changing expectations for interest rates. Higher government bond yields offer investors more income from fixed-income assets and can reduce demand for assets that pay no interest.
Federal Reserve Governor Christopher Waller said on Tuesday that the central bank should consider raising rates in December. He also raised the possibility of a larger 50-basis-point increase if inflation pressures required stronger action.
The Fed has not announced its next decision, and policymakers will review additional economic figures before the meeting.
The stronger dollar added to the pressure on cryptocurrency markets. The US Dollar Index remained above 102 as Treasury yields rose. Crypto markets can face selling when investors reduce exposure to risk assets during periods of tighter monetary conditions.
Bitcoin Selling Continues as Demand Weakens
CoinMarketCap recorded an early move above $74,500 before sellers pushed BTC below $73,000. Buyers recovered part of the decline later in the session, although the price remained beneath the earlier highs. Bitcoin’s market capitalization stood near $1.48 trillion, down 1.5% over the same period.
Derivatives activity also showed weaker participation. CryptoQuant data placed Bitcoin open interest near $25.4 billion following a decline since the beginning of November. Falling open interest alongside lower prices can indicate that traders are closing leveraged positions rather than opening new ones.
US spot Bitcoin exchange-traded funds also faced withdrawals. Bitcoin news revealed approximately $201 million in net outflows on November 9, including $213.2 million from BlackRock’s IBIT fund. BlackRock’s fund recorded its seventh consecutive session of net withdrawals, according to the report.
Bitcoin Price Faces Key Support Near $73,000
Bitcoin remains close to the 200-day moving average around $73,200, a level that analysts are monitoring for support. A sustained break beneath $73,000 could extend the decline toward $70,000.
According to a recent Bitcoin price prediction by analyst That Martini Guy, BTC is approaching a new daily closing low as selling pressure continues. Bitcoin is also moving into the price gap left by August’s rally, with the chart showing further weakness near $73,363.
If the decline continues, BTC could retest the $66,758–$68,000 region, where previous resistance may now act as support.
On the upside, BTC crypto has $76,500 as a resistance area that would need to be reclaimed. A stronger recovery toward $78,000 could improve the short-term price structure.
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency prices can fluctuate sharply. Readers should independently verify market information before making financial decisions.
Kelvin is an experienced crypto journalist with over 6 years of experience backed by an Actuarial Science and English Degree. He has over 10,000 works published under his profile in several major media sites in the crypto, Web 3, and Finance sectors.
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