Bitcoin Slides Below $74K as Hot CPI Revives $70K Risk

Bitcoin fell below $74,000 after the U.S. October Consumer Price Index rose 0.4% month over month, above the 0.3% forecast, while core inflation increased 0.3% against expectations of 0.2%. Bitcoin traded near $73,363 as the market absorbed the report, while ether fell about 3.7% to roughly $2,042 and solana dropped more than 4% below $83. Analysts identified the $73,000 area and the nearby 200-day moving average as critical support, warning that a sustained breakdown could expose the market to the $69,000–$70,000 region. The stronger inflation data reinforces expectations for restrictive U.S. monetary policy, with higher yields and a firmer dollar adding pressure to crypto assets.