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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
11/11/2026

Nov 11: US Inflation Beat Raises Rate Questions as Bitcoin Retreats

Global Banks Commit $270 Million to Project Faro Stablecoin · Anthropic Sets $70–$78 IPO Range With $26 Billion Private Placement · Bitdeer Posts $320.7 Million Revenue as Bitcoin Holdings Shrink

Nov 11: US Inflation Beat Raises Rate Questions as Bitcoin Retreats

Market Snapshot

Bitcoin traded at $73,537.69, down 2.063% over 24 hours, according to the supplied Binance market snapshot. Ethereum fell 3.576% to $2,050.12, while Solana declined 3.861% to $83.16. Both recorded steeper percentage losses than Bitcoin, showing that weakness extended across the assets tracked here.

The notable macroeconomic number was 0.4%: October's monthly US consumer-price increase, compared with a 0.3% forecast. Core inflation also exceeded expectations, complicating the interest-rate outlook as crypto prices declined. The figures provide context for the sell-off, although the supplied data do not establish how much of each asset's decline came from the inflation release. Sources: Binance market data; Cointelegraph.

Top Stories

Key Takeaways

  • Policy uncertainty has separate channels: above-forecast inflation affects rate expectations, while the single-stock perpetuals case concerns the regulatory treatment of trading products.
  • Funding precedes adoption: Faro's $270 million commitment supports development, but its first-half 2027 launch remains a target.
  • Growth needs accounting context: Bitdeer's higher adjusted EBITDA coexists with a wider net loss and substantially smaller Bitcoin holdings.
  • AI figures need clear labels: Anthropic's fully diluted valuation and Bitdeer's backlog measure different things from equity value and recognized revenue.

What to Watch

Watch whether subsequent inflation readings sustain the conditions behind Waller's December rate proposal, and whether broader Fed communication supports that position. Anthropic's expected November 18 pricing and November 19 trading debut provide the next scheduled checkpoints for its offering. For Faro and Bitdeer, monitor issuer and leadership disclosures ahead of the first-half 2027 target, and construction progress that could convert AI backlog into revenue, respectively.