Bitcoin briefly reached about $74,600 before falling back below $73,000 amid inflation concerns in the United States. October’s Consumer Price Index exceeded expectations at 0.4% month over month, while the core index rose by 0.3%, triggering roughly $200 million in long liquidations within 15 minutes. Goldman Sachs now anticipates rate hikes in December and March, maintaining pressure on speculative assets. The expansion of institutional infrastructure, including Deutsche Bank’s custody offerings for bitcoin and ether and Payward’s launch of 24/7 tokenized trading, provides another signal, but BTC remains about 9% below its level one week ago and 41% below its October 2025 record high.
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