CPI Inflation Beats Projections, Bitcoin Holds at $74,000 as ETH, XRP Stay Flat

Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP) traded sideways after October CPI came in hotter than expected, strengthening the case for another Fed rate hike.

October CPI Comes In Hotter Than Expected

Headline CPI rose 0.4% in October, above the 0.3% forecast, while core CPI climbed 0.3% versus the 0.2% economists expected, as reported by Bloomberg.

Here’s how October’s price increases broke down by category:

• Food: +0.5%
• Energy: +0.7%
• Gasoline: +1.0%
• Housing: +0.3%
• Real earnings (private sector): flat

Core inflation accelerated to 3.7% annualized over the past three months, its highest reading since January 2025, Walter Bloomberg flagged separately. Supercore inflation, which strips out housing and food, surged to 5.5% annualized, the fastest pace since April 2024 and up sharply from September’s 4.6%.

The six-month core CPI rate actually eased to 2.7% from 2.9%, though an unofficial estimate pegs annual core inflation at 2.74%, up from 2.56% previously.

Bitcoin and XRP ETFs Keep Bleeding Outflows

Spot Bitcoin ETFs logged $201 million in net outflows Monday, extending BlackRock’s (NASDAQ:IBIT) to a seventh straight losing session with $213.2 million pulled from that fund alone. 

That follows a broader weekly withdrawal of $1.28 billion that flipped Bitcoin ETF flows negative for all of 2026, now sitting at $914 million in net outflows for the year.

U.S. spot XRP ETFs lost $10.42 million on Nov. 9, according to SoSoValue data, ending four straight trading days with no flows at all and marking the largest single-day outflow since March 9’s $18.11 million withdrawal.

Where BTC, ETH and XRP Stand Technically

Bitcoin trades below $75,000 and all four major EMAs, with RSI near 34 signaling weak momentum. 

Further support sits around $73,500, then $72,000, while resistance lies at $75,000 to $76,400.

Meanwhile, Ethereum trades around $2,060, extending its decline below all four major EMAs, with RSI near 30 approaching oversold territory. 

Support sits at $2,030 to $2,000, then $1,900, while recovery faces resistance at $2,130 to $2,200.

XRP is down to $1.06, trading well below its major EMAs, with RSI near 24 signaling oversold conditions that haven’t yet confirmed a reversal. 

Support lies at $1.05, then $1, while resistance sits at $1.10, then $1.22.

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