Observation window. This is a historical market-conditions note based on a Cointelegraph report published on 11 November 2026 at 00:25 (+08). The report described that Tuesday’s Wall Street open. It is not a live reading and does not describe conditions as of any later date.
Price (BTC/USD). The report said Bitcoin dipped toward an 11-week low near $73,500 after US inflation came in above expectations. Data from TradingView, as cited, showed BTC/USD falling to $73,518 — nearly matching the low set the previous Sunday and the lowest level since 21 August — before the price returned above $74,000. No on-chain metric for the same window was included in the report, so this price print is not paired here with an on-chain reading.
October CPI (month-on-month). The October Consumer Price Index rose 0.4% month on month, above the anticipated 0.3%. The print had no year-on-year component because data were not collected during the 2025 US government shutdown. Compared with September, when the monthly increase was 0.6%, October’s monthly pace was slower even though it was above the forecast.
The Bureau of Labor Statistics said the shelter index rose 0.3% in October and accounted for over thirty percent of the monthly all-items increase. The food index increased 0.5%, with food at home up 0.4% and food away from home up 0.5%. Energy, a major part of the September CPI gain, advanced 0.7% in October after a 5.2% move in September.
Economist Robin Brooks called the CPI result “discouraging” and noted that an oil-price spike had contributed to the September numbers. He wrote that all the details of the report were discouraging, and that October was also the peak of the second big oil-price shock that year, which he said would bleed into core CPI inflation. That core comment is his analysis; the report did not quote a separate core CPI figure.
December rate pricing (a separate market reading). In a speech earlier that Tuesday, Federal Reserve governor Christopher Waller said he favored a 25-basis-point hike in December even if inflation cooled from September. CME Group’s FedWatch Tool, as cited, showed markets pricing a 96.3% chance of that outcome for the December meeting. The report then said that, following the CPI release, those odds turned more hawkish: a 25-basis-point hike was at 85.3% and a 50-basis-point hike at 14.7%. These are the tool’s quoted probabilities in that report, not a rate forecast or a trade instruction.
Equities and a positioning gauge. US stocks were under pressure at the open. Headwinds named in the report included strong labor-market data and the prospect of tighter AI-sector regulation under a Democratic-controlled House and Senate. The Nasdaq Composite opened down 0.6% and then recouped those losses. Nvidia stock fell nearly 4% amid a board investigation into whether CEO Jensen Huang was targeted by a foreign intelligence effort.
Mosaic Asset Company said consumer inflation had continued running above target while the October jobs report removed concerns about a labor-market slowdown. Mosaic also described “extreme” sell-side pressure on the Nasdaq and treated it as a possible sign of a long-term bottom, citing an equity put/call ratio that jumped over 1.0 and was higher than during the April 2025 trade-war selloff. That bottom reading is Mosaic’s interpretation of positioning. It sits next to an above-forecast CPI print and a more hawkish shift in the cited December hike odds, so the price, inflation, rate-pricing and equity-positioning notes in the same report do not all point the same way.
Original report: Bitcoin nears 11-week low after ‘discouraging’ US CPI inflation beat (Cointelegraph, 11 November 2026, 00:25 +08).
