Rumor vs record: 7 viral claims about bitcoin's fall below $70,000, checked
Posts about Friday's crypto drop spread fast: a first since August, a 45% fall from the record, $1.2 billion liquidated, Nvidia to blame. We checked seven claims against price data and official records.
Bitcoin fell below $70,000 for the first time since August. Ether dropped under $2,000
Bitcoin fell to $67,922 and ether to $1,905 overnight, the lowest since mid-August, and the crypto market lost 6.8% of its value in a day. Rate fears and fund outflows built up all week.
Fed's Waller set a 0.3% test for a half-point hike. October's core CPI hit it
Fed Governor Christopher Waller said a 25 basis point hike in December could hurt the Fed's credibility if core inflation stayed near 0.3%. Hours later, October's core reading came in at 0.3%.
US prices rose 0.4% in October, with no yearly inflation rate. Bitcoin fell 1.4% on the day
October's consumer price index, out November 10, slowed from September's 0.6% jump. The Labor Department could not publish the usual 12-month rate because it collected no data in October 2025. Bitcoin dipped about 0.6% in 20 minutes around the release and ended the day near $73,650.
US growth hits 3.4%, PCE inflation hits 3.6%: why neither helps crypto
At 8:30 a.m. ET on October 29, the government said the US economy grew at a 3.4% annual rate in the third quarter and the Fed's preferred inflation gauge rose 3.6% in a year. For crypto traders hoping for cheaper money, both numbers point the wrong way.
Gasoline up 34% in a year: US inflation hits 3.7%, and bitcoin slips 1.8%
September CPI, released on October 14, showed headline inflation at 3.7% and core at 2.6%, both up from August. Fuel did most of the damage. Bitcoin closed the day about $1,500 lower, and short-term Treasury yields rose.
Most Fed officials saw another hike by year-end. Bitcoin ETFs lost $485 million that day
The minutes of the September Fed meeting, released on October 7, showed officials worried that five years of high inflation could stick. Spot bitcoin ETFs had their worst session of the week the same day.
Inflation stuck at 3.4% in August. Bitcoin jumped 2.8% in two hours, then faded
Gasoline drove US prices up in August while core inflation cooled on the year. Bitcoin hit about $79,160 within two hours of the September 11 report and ether gained almost 7%, but both gave most of it back later in the day.