---
title: "CPI Inflation Beats Projections, Bitcoin Holds at $74,000 as ETH, XRP Stay Flat"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/305037552.md"
description: "Bitcoin, Ethereum, and XRP traded sideways as October CPI data exceeded expectations, strengthening the case for a Federal Reserve rate hike. Headline CPI rose 0.4% versus the 0.3% forecast, with core inflation accelerating. Consequently, spot Bitcoin ETFs recorded $201 million in net outflows, extending BlackRock's losing streak, while XRP ETFs saw significant withdrawals. Technically, BTC remains below $75,000 with weak momentum, ETH faces oversold conditions near $2,060, and XRP trades at $1.06 under pressure."
datetime: "2026-11-10T15:24:32.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/305037552.md)
  - [en](https://longbridge.com/en/news/305037552.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/305037552.md)
generator: "portal-rs"
---

# 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.

*Image: Shutterstock*

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**