US CPI Report Today: Will Bitcoin Price Fall Below $72K or Recover?

The U.S. Consumer Price Index (CPI) report lands today as Bitcoin struggles to stay above $74,000. BTC is down from around $81,195 at the start of November. Even U.S. spot Bitcoin ETFs have recorded $2.20 billion in net outflows since the beginning of the month.

With traders already cautious, the big question now is whether CPI can give Bitcoin a reason to bounce or push it lower.

CPI Report Today: What Traders Expect

The Bureau of Labor Statistics (BLS) will release October CPI at 8:30 a.m. ET today. The report comes with an unusual gap, as the BLS will not publish the annual inflation rate because it did not collect October 2025 price data during the 43-day government shutdown.

Without an official year-over-year figure, traders will have to rely on estimates ranging from 3.6% to 4.0%. Looking at the last month’s official data, headline inflation rose 3.7% in September, up from 3.4% in August, while core inflation stood at 2.6%.

For the monthly figures, markets expect headline CPI to rise 0.3%, down from September’s 0.6%. Core CPI, which excludes food and energy prices, is expected to increase 0.2%, compared with 0.3% in the previous month.

How Today’s CPI Could Move Bitcoin

For Bitcoin, the reaction will depend less on whether inflation simply falls and more on how far it moves from expectations.