Bitcoin sags as October CPI sends 10-year yield back toward 5%
October CPI came in at 0.4%, and core inflation held at 0.3% for a third straight month — hitting the exact threshold Fed Gov. Christopher Waller set for weighing a 50-basis-point December hike. Bitcoin sold off as the 10-year yield drove back toward 5% and markets priced in more tightening.
- Original source: tokenpost.com.
- The source published it on Nov 13, 2026 at 10:24 AM.
- No second outlet has reported it yet. Treat it as a single-source claim.
Bitcoin slid Wednesday as October's inflation report landed close to the trigger Fed Gov. Christopher Waller had laid out for a bigger December rate hike. The 10-year Treasury yield pushed back toward 5%, and traders repriced how much tightening is coming. The CPI rose 0.4% in October, cooling from 0.6% in September.
The number Waller cared about: core CPI, which strips out food and energy, climbed 0.3% — the third straight month at that pace. Waller had said a core reading of roughly 0.3% or higher was enough to put a 50-basis-point increase at the December meeting under consideration. October hit that bar.
The details didn't offer much relief either. Food prices rose 0.5%, services excluding rent rose 0.5%, and energy climbed 0.7% — a sharp slowdown from the 5.2% energy jump booked in September.
Bitcoin took the hit as markets shifted rate expectations, and bets on tighter policy stretched into December and early 2027.
TopicsBitcoin · BTC · Christopher Waller · Federal Reserve · U.S. Treasury
Source: tokenpost.com
Written by Paparazzi with AI. Not financial advice.
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