Bitcoin slips to $72,787 as hotter-than-expected CPI rattles markets

Bitcoin tumbled to an intraday low of $72,787 on Tuesday after October CPI came in at +0.4 % month-over-month, beating forecasts and reviving inflation concerns.

The move triggered heavy liquidations across crypto, with more than $169 million in leveraged bitcoin positions wiped out and nearly $240 million on ether. Total crypto liquidations exceeded $632 million in 24 hours.

Traders now see an 85 % chance of a December rate hike. Bitunix analysts warned that sticky service prices and a stronger dollar could keep risk assets under pressure even if headline inflation moderates.

Based on information from cryptonews.net