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Bitcoin price today: Why BTC USD fell near $73,000 after US CPI report and could it crash to $70,000 next?

  • The Bureau of Labor Statistics releases the consumer price index Tuesday at 8:30 a.m., with forecasts showing a 0.3% increase for all items despite gasoline prices declining more than 4%.
  • Chicago Fed President Austan Goolsbee warned Monday that inflation remains a primary concern, with officials worried about "sticky" price pressures in services, health insurance, and autos beyond sectors directly affected by tariffs.
  • Economic growth remains strong at 3.4% with 165,000 nonfarm payrolls added in October, while markets price in an 80% probability of a rate hike at the December Federal Open Market Committee meeting.
  • Bitcoin changed hands at around $74,750, down from peaks above $87,000 in early October as AI-related jitters and fading spot ETF demand weighed on the cryptocurrency.
  • Investors await producer price data on Nov. 13 and Federal Reserve meeting minutes on Nov. 18. BofA economist Stephen Juneau said this report could "effectively lock in another 25bp hike.
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MyCryptoParadise broke the news on Tuesday, November 3, 2026.
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