Crypto alarm clock: Bitcoin disappoints, this afternoon will be important

Bitcoin (BTC) has barely made any gains in the last day and that is a big disappointment given the good results in global stock markets. America blew up yesterday, Europe had nothing to complain about and Asia has now also had an excellent day.

But Bitcoin remains below $75,000.

Fortunately, Bitcoin has picked up a bit from the low that was reached in the morning. At around 9:00 a.m., the coin was at its lowest point since August 21 at $73,600. Currently, it's about $1,000, or 1.4 percent, higher.

Twice, the price has been above $75,000. That happened yesterday around 17:00 and a little after midnight. The bulls did not enjoy this for long, although the daily candle was closed at over 75,300 dollars.

Bitcoin ended with a gain of 0.74 percent, while the S&P 500 rose 2.35 percent and the Nasdaq 100 even 3.40 percent. Chip stocks rose the fastest and straightened out most of Thursday's crash. While Bitcoin is still more than 7 percent lower.

Although the price is turning red again today, some positive signs were left behind yesterday. For the second day in a row, there is a long wick at the bottom and the underlying momentum seems to be improving very cautiously.

$75,500 is now an important level to break. And at the same time, the bulls have to defend with all their might the 200-day average that now stands at 73,140 dollars.

At the time of writing, the BTC price is at $75,585, 0.05 percent higher than 24 hours ago. In euros, 66,411 are now paid for the largest crypto.

Today, new inflation figures from the United States are being announced again. At 2:30 pm, the consumer price index (CPI), the best-known inflation indicator, for the month of October will be released.

This publication looks different than usual, because the annual figures are missing this time. That has everything to do with the closure of the US government last year. During that shutdown in October 2025, work at the BLS largely stopped and no prizes were collected.

That doesn't change the fact that the market wants to see lower figures. Prices are expected to have risen by 0.3 percent in October compared to September. Core inflation is expected to be slightly lower at 0.2 percent.

It is precisely this core inflation that is the figure to keep an eye on. It does not take into account the moveable food and energy prices. This shows whether the expensive oil has already eaten its way through the rest of the economy.

With lower figures, the likelihood of a rate hike next month will decrease and that's exactly what investors want to see. Currently, 84.2 percent are focusing on an intervention at this year's last meeting.