Bitcoin remains under pressure in the run-up to the US CPI report as Waller raises prospect of a 50 bps hike
Bitcoin found some support yesterday from the positive risk sentiment following we got some positive headlines that firmed hopes for a US-Iran pact. In fact, it was indicated that meetings between Trump, Vance and the Qatari PM were positive, and they discussed ways to progress…
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In today's Bitcoin price news, Bitcoin found some support yesterday from the positive risk sentiment following we got some positive headlines that firmed hopes for a US-Iran pact, according to investingLive. In fact, it was indicated that meetings between Trump, Vance and the Qatari PM were positive, and they discussed ways to progress discussions with Iran.
Bitcoin price: the details
We will not get the Y/Y figures due to the government shutdown last year. Soft data wouldn't change anything as Fed's Waller stated earlier that he would support a rate increase in December even if today's CPI improves relative to September. We can see that Bitcoin is approaching the key upward trendline on the daily chart.
Why traders are watching Bitcoin price
Inflation figures decide how long central banks keep interest rates high. Hotter-than-expected readings usually lift bond yields and the local currency, while softer data raise hopes of rate cuts.
Price data feed straight into central-bank decisions, which makes them some of the most market-moving releases on the calendar for forex, bonds and stocks.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-10 11:15 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 74,412.92 | 0.33% | 75,568.18 | 74,115.65 |
| Ethereum (ETH) | 2,102.26 | -0.25% | 2,151.90 | 2,084.00 |
| Solana (SOL) | 84.89 | -1.25% | 88.07 | 84.24 |
On the currency side, the latest ECB daily reference rates (2026-11-09) show EUR/USD 1.1193, GBP/USD 1.3416, AUD/USD 0.6894, NZD/USD 0.5613, USD/JPY 157.95, USD/CHF 0.8187, USD/CAD 1.4103, USD/CNY 6.6728. These are reference fixes, not live quotes.
What to watch next for Bitcoin price
Next in focus are the coming inflation releases, central-bank reaction to them and changes in market pricing for future rate moves.
Key scheduled releases on the economic calendar:
- USD Core CPI m/m on Tue Nov 10, 13:30 UTC, forecast 0.2%, previous 0.3%
- USD CPI m/m on Tue Nov 10, 13:30 UTC, forecast 0.3%, previous 0.6%
- GBP GDP m/m on Thu Nov 12, 07:00 UTC, forecast 0.0%, previous 0.1%
- USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
- USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%
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FAQ
What is the latest Bitcoin price news?
Bitcoin found some support yesterday from the positive risk sentiment following we got some positive headlines that firmed hopes for a US-Iran pact.
Why do inflation numbers move markets?
Inflation data change expectations for central-bank interest rates, and rate expectations drive currencies, bond yields and stock valuations.
Where does this information come from?
This report is based on coverage from investingLive, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
