Bitcoin faces fresh volatility ahead of key US inflation data and CoreWeave earnings

Bitcoin is preparing for a major test on November 10, as investors anticipate the release of October’s US consumer price index (CPI) amidst lingering concerns over inflation and recent turbulence in technology stocks. The market is set for a closely watched day, with the inflation print due at 8:30 a.m. Eastern Time and quarterly earnings from AI cloud provider CoreWeave scheduled for later in the day. The dual events are expected to significantly influence risk sentiment in both digital assets and technology equities. A sharp sell-off in major US technology stocks led to renewed volatility across crypto markets at the start of November. On November 5, the Nasdaq index dropped 5.5%, the Nasdaq-100 fell 6.4%, and semiconductor stocks declined 12%.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinTurk News.