The decline intensified selling pressure across the cryptocurrency market, with Ethereum, XRP, and Solana also posting substantial losses as Bitcoin extended its slide.

The October Consumer Price Index (CPI) increased 0.4% month over month, exceeding the 0.3% forecast, while core inflation rose 0.3% against expectations of 0.2%. The latest figures reinforced concerns about persistent inflation and reduced expectations of monetary easing.

October US CPI Exceeds Market Expectations

The US Bureau of Labor Statistics (BLS) reported that headline CPI increased 0.4% in October, following a 0.6% advance in September. Although the monthly increase slowed, it remained above economists’ expectations, indicating that inflationary pressures had…