US CPI Rises 0.4% in October; Bitcoin Swings 1.7% on the Release

US consumer prices rose 0.4% in October on a seasonally adjusted basis, after a 0.6% increase in September, the Bureau of Labor Statistics (BLS) reported on Nov. 10 at 8:30 AM ET. Core CPI, which excludes food and energy, rose 0.3%, the same as in August and September. In the release window bitcoin on Binance dropped from $74,770 to $73,525, a swing of about 1.7% from high to low within the 15-minute candle.

Details

Shelter (+0.3%, more than 30% of the monthly gain), energy (+0.7%, with gasoline up 1.0% seasonally adjusted) and food (+0.5%; groceries +0.4%, restaurants +0.5%) drove the increase. Used vehicle prices fell 1.2%.

BLS did not publish a 12-month figure for October. Because of the 2025 lapse in appropriations, October 2025 survey data was never collected, so the year-over-year comparison is not possible. For reference, annual inflation for September was 3.7%, as we reported earlier.

According to Binance data, the 8:30⁠–⁠8:45 AM ET candle opened at $74,411, hit $74,770, then $73,525, and closed at $73,898. The next candle closed at $74,015. As of 8:55 AM ET BTC was down about 1% over 24 hours and about 4.5% over seven days, per our market data.

What it means for the market

A 0.4% monthly rise with 0.3% core keeps the "higher for longer" rate debate alive, since inflation drives expectations for the Federal Reserve that the crypto market reacts to. Bitcoin's reaction was sharp but modest: the price stayed below the $74,400 area where it traded before the data. For the live price, see the daily brief.

This is not investment advice.