Bitcoin Falls Below $74,000 as Hot October Inflation Fuels Fed Rate Fears

The notable point is that crypto is again trading off macro data rather than its own narrative: a hot inflation print is being read through the Fed's December decision, and bitcoin is absorbing that repricing directly. This matters most for traders holding risk through the meeting and for anyone treating bitcoin as a macro-sensitive asset rather than a hedge. The open question is whether the inflation beat proves a one-month surprise or a trend that keeps rate-hike expectations elevated — and whether crypto's sensitivity to Fed pricing persists if that pressure builds.