Bitcoin Stalls Below US$75,000 Ahead of CPI Data!

The price of Bitcoin (BTC) saw limited movement during trading on Tuesday (November 10, 2026), amid uncertainty regarding the regulatory direction for crypto assets in the United States. The world’s largest cryptocurrency rose slightly by 0.4% to US$74,749.1, yet it continued to struggle to break through the psychological US$75,000 level. This price action follows a period of sharp selling pressure on Bitcoin, triggered by the results of the U.S. midterm elections, which altered the composition of Congress. Although Bitcoin showed signs of recovery earlier in the week, its upward momentum has been constrained by growing investor caution ahead of the release of U.S. inflation data.

The pressure on Bitcoin stems primarily from persistent outflows from spot Bitcoin Exchange-Traded Funds (ETFs) in the United States. Throughout last week, investors withdrew a net total of over US$1.2 billion from these products, reflecting a waning appetite for crypto assets amidst market uncertainty. This trend continued on Monday (November 9), with Bitcoin ETFs recording further net outflows of approximately US$201 million. These conditions suggest that some institutional investors are actively reducing their exposure to Bitcoin, thereby limiting the potential for a short-term price recovery.

On the regulatory front, the Democratic Party's success in the U.S. midterm elections has fueled concerns regarding the possibility of stricter oversight for the crypto industry. Several Democratic lawmakers have previously advocated for more robust regulations concerning investor protection, anti-money laundering measures, and the risk management of digital assets. Market attention is also focused on Senator Elizabeth Warren, who is considered a potential candidate to lead the U.S. Senate Committee on Banking—a figure well-known for her support of rigorous oversight of the crypto sector. Nevertheless, the ultimate direction of new policy remains contingent upon the legislative process and decisions made by regulators; therefore, the precise impact these changes will have on the digital asset market remains uncertain. Beyond regulatory uncertainty, the outlook for the Federal Reserve’s (The Fed) monetary policy is a significant factor weighing on Bitcoin’s performance. Investors are awaiting the U.S. Consumer Price Index (CPI) report for October, scheduled for release on Tuesday (November 10). This data could influence expectations regarding interest rate hikes in December. If inflation comes in higher than anticipated, the Fed might maintain a tight monetary policy, thereby increasing the appeal of dollar-denominated assets and dampening interest in Bitcoin. Conversely, lower-than-expected inflation could temper expectations for rate hikes and potentially pave the way for a recovery in the crypto market.