Bitcoin Falls to $72,787 Intraday After CPI Release, Over $632 Million in Crypto Liquidations in 24 Hours

Odaily reports: Bitcoin fell to an intraday low of $72,787 following the release of U.S. October CPI data. Coinglass data shows that cryptocurrency liquidations over the past 24 hours exceeded $632 million, with long positions accounting for more than $511 million.

The market raised the implied probability of a 25 basis point Fed rate hike in December from 77% before the CPI release to 85%. U.S. October CPI rose 0.4% month-over-month, above market expectations. (Bitcoin.com News)