TLDR
- Bitcoin fell 2.2% to $73,649 on Tuesday after a hotter-than-expected U.S. inflation report.
- Social media data shows more bearish than bullish posts for Bitcoin, Ethereum and XRP.
- Bitcoin ETFs saw $201 million in outflows on Monday, after $1.2 billion last week.
- Fed Governor Christopher Waller backed rate hikes, and a half-point hike is possible.
- Senator Elizabeth Warren was tapped to lead the Senate Banking Committee.
Bitcoin fell on Tuesday as traders reacted to new inflation numbers. The largest cryptocurrency dropped 2.2% to $73,649.4 by 17:29 ET. It slipped below $74,000 during the day.
Mood across the crypto market has turned negative. Social media data from Santiment, which tracks posts on X, Reddit and Telegram, shows more bearish comments than bullish ones for the top coins.
🚨 Retail Fear is Reaching a BOILING POINT As Crypto Tests Major Lows!
😨 Bitcoin, Ethereum, and XRP sentiment has fallen deep into bearish territory according to our X, Reddit, Telegram and other social platform data. BTC sits at 0.82 bullish comments per bearish one, ETH at… pic.twitter.com/Dn9dreTVNH
— Santiment Intelligence (@SantimentData) November 10, 2026
Fear Shows Up in Social Media Data
Bitcoin has 0.82 bullish comments for every bearish one. Ethereum sits at 0.88, and XRP is at 0.49. Any reading below 1.0 means bearish comments outnumber bullish ones.
The firm said this level of pessimism can improve the setup for a recovery. It noted that major rallies rarely start when everyone expects one. They often form while traders are fearful and doubt that prices can bounce.
The firm added that if bearish talk keeps outweighing bullish talk for the top coins, a relief rally could follow. That is a view from the data provider, not a certain outcome.
Inflation Data Adds Pressure
The October consumer price index report came out on Tuesday. Headline inflation rose 0.4% from the prior month, after a 0.6% rise in September. Economists had expected 0.3%.
Core inflation, which leaves out food and energy, held at 0.3%. Analysts had forecast 0.2%. The report had no year-over-year figures because of the U.S. government shutdown in October 2025.
Before the report, Federal Reserve Governor Christopher Waller spoke at an event in London. He said he backed raising rates even if inflation had come in cooler than expected. He added that a half-point hike could be warranted if the data came in hot.
Last Friday’s strong jobs report also added to the mood. Together with the inflation data, it all but locked in a rate hike at the Federal Open Market Committee meeting next month. The CME FedWatch tool shows a 9% chance of a 50 basis point hike.
Higher interest rates tend to weigh on speculative assets such as cryptocurrencies.
ETF Outflows and Washington Uncertainty
Bitcoin ETFs logged a $201 million outflow on Monday, according to SoSoValue. That followed more than $1.2 billion in outflows last week. The selling slowed Bitcoin’s recovery after losses that followed the Democrats’ win in last week’s midterm elections.
Democrats have often called for tighter rules on the crypto industry. Senator Elizabeth Warren, a well-known crypto critic, was tapped to lead the Senate Banking Committee. That move could mean more regulatory scrutiny for the sector.
Other coins followed Bitcoin lower after the inflation report. Ether lost 4% to $2,050.87, and XRP fell 4.1%. BNB dropped 1.9%, Cardano fell 2.4% and Solana declined 4.4%.
Dogecoin lost 3.1%. The $TRUMP memecoin rose 1% after deep losses last week. Later in the day, Bitcoin traded near $74,027, down 0.91% on the day.
