Bitcoin slips to $73,000, ETF outflows hit $1.48 billion on inflation jump

Bitcoin hovered close to $73,000 on November 10, as rising U.S. inflation figures put additional pressure on risk assets. Data from CoinGecko placed Bitcoin at $73,912 during the session, after touching a 24-hour low of $73,587. The latest pullback coincided with continued outflows from U.S.-listed spot Bitcoin exchange-traded funds (ETFs), even as exchange deposits showed signs of divergence among investors. The U.S. Bureau of Labor Statistics announced that the Consumer Price Index rose 0.4% in October, surpassing economists’ expectations of a 0.3% increase. In comparison, September’s monthly rate stood at 0.6%. Core consumer prices, which exclude volatile food and energy components, climbed 0.3%. This reading also exceeded the market consensus of 0.2%, reinforcing speculation over a potential Federal Reserve rate hike in December. Following the inflation data, U.S.

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