Bitcoin falls to 11-week low as US CPI tops forecasts

The signal here is correlation, not crypto-specific news: bitcoin is trading as a macro risk asset, and a hotter inflation print plus renewed rate-hike expectations is enough to push it to a multi-week low. That matters most for traders treating digital assets as a rate-sensitive allocation rather than an idiosyncratic bet, and it reinforces how little the asset's own narrative is driving price in this window. The open question is whether the December rate-hike expectation holds, and whether bitcoin keeps tracking equities on the next macro data point.