Bitcoin Slides Below $70K as Risk Assets Falter Despite Cooler Inflation Data

What’s happening
Bitcoin fell approximately 4% to trade below $70,000 despite October's producer price index reading coming in cooler than expected. The muted market reaction to the inflation data suggests investors remain skeptical about the Fed's ability to control price pressures, keeping risk-off sentiment intact.
Market impact
Crypto weakness alongside equity market pressure indicates broad-based risk aversion driven by Fed rate hike expectations. Bitcoin's failure to rally on softer inflation data suggests the asset is trading on macro uncertainty rather than inflation hedging demand, pressuring momentum-driven flows.
Sources (1)
The articles Pulse read to write this story
Microsoft outage live: millions still affected as disruption stretches beyond 18 hoursThe Guardian BusinessStrong bearish −75
Written by Pulse AI from the articles above. Always check the original reporting before acting on it.

