Bitcoin dips as US stocks rebound ahead of October inflation data
Bitcoin fell even though U.S. stocks rebounded on Monday, and spot bitcoin ETFs lost $201 million. Traders are waiting for October inflation data due later that day, which could shift sentiment across crypto and other markets.
Why it matters
- Bitcoin fell while U.S. stocks rose, so it did not follow the broader market rebound.
- Spot bitcoin ETFs lost $201 million, a sign of money leaving these funds.
- Traders are waiting on October inflation data, which can influence interest rate expectations and risk appetite.
What to watch next
Watch the U.S. October inflation report released later today and how bitcoin and bitcoin ETF flows react to it.
