Where the market stands

real data

Crypto doesn't move on crypto news alone. Interest rates, inflation and jobs decide how much money is willing to take risks, and that sets the weather for bitcoin. Here is what those figures say today, in plain words.

Right now

Fighting prices with rates, money supply not helping

the price of money is rising · the quantity of money is growing · inflation is accelerating.

Bottom line: the signals are mixed. Some figures help risky assets like crypto and others weigh on them, so the economy isn't giving a clear push either way. In weeks like this, crypto tends to move on its own news more than on the economy's.

What each figure is saying i

Next macro releases
usually helps crypto (more money, less pressure) usually weighs on crypto (less money, more pressure) can go either way (depends on context) not moving, so not pushing

Federal funds rate

Weighs on crypto
3.88% +0.13 pts vs previous

What it costs banks to borrow overnight — the price of money, set by the Fed.

Money is getting more expensive. Safe deposits start paying, so there is less reason to hold anything that pays nothing.

Oct 2026 Next Dec 9 · Fed

US 10-year Treasury

Helps crypto
4.84% -0.06 pts vs previous

What the US government pays to borrow for ten years — the price of patience.

Waiting is getting cheaper, which lifts the same assets it was pressing on.

Nov 5 Next Nov 10 · daily

M2 money supply

Helps crypto
23,413.90 billion dollars +113.00B vs previous

How many dollars exist in deposits and cash — the quantity of money.

There are more dollars looking for somewhere to sit. It is the slowest of these figures and the one with the longest shadow.

Sep 2026 Next Nov 24

Inflation (US CPI)

Weighs on crypto
336.30 index 1982-1984=100 +2.17 (+0.65%) vs previous

The price of everything else, as a level. What matters is how fast it is climbing.

Prices are accelerating, which is the argument for keeping money expensive.

Sep 2026 · out Oct 14 Next Nov 10

Core PCE

Weighs on crypto
130.90 index 2017=100 +0.41 (+0.32%) vs previous

The inflation measure the Fed actually watches, with food and fuel taken out.

The measure that decides policy is going the wrong way.

Sep 2026 · out Oct 29 Next Nov 25

US unemployment rate

Either way
4.10% -0.10 pts vs previous

How many people are looking for work and cannot find it.

A stronger economy, and less pressure to make money cheaper.

Oct 2026 · out Nov 6 Next Dec 4

Dates the market already knows about i

When Release Last figure Expected What to watch
Nov 10
tomorrow
Consumer Price Index
October figures
3.7% a year (Sep 2026)
CPI m/m 0.3% (prev. 0.6%)
Core CPI m/m 0.2% (prev. 0.3%)
Consumer prices. A higher figure than last time is usually read as bad news for crypto, because it keeps interest rates high for longer. A lower one is usually read as good news.
Nov 10
tomorrow
Consumer Price Index Excluding Energy Commodities — not out yet
Nov 25
in 16 days
Personal Income and Outlays
October figures
3.1% a year (Sep 2026) not out yet The inflation measure the Fed watches most. Hotter than last time tends to weigh on crypto; cooler tends to help, because it makes rate cuts more likely.
Nov 25
in 16 days
Gross Domestic Product
Q3 2026, second estimate
— not out yet A revised version of the growth figure first published in October. Revisions are usually small and rarely move prices; only a big change to the first estimate would.
Dec 4
in 25 days
Employment Situation
November figures
4.1% (Oct 2026) not out yet The US jobs report. A jump in unemployment makes rate cuts more likely, which crypto usually likes, but it also means a weaker economy, which it doesn't. Big surprises either way tend to move prices the same day.
Dec 10
in 31 days
Consumer Price Index Excluding Energy Commodities the previous one, out Nov 10 not out yet

What the betting markets expect

CPI in October Kalshi · settles Nov 10 · $31.6k bet in 24 h Consumer Price Index out Nov 10
66% Above 0.2% ▲ 9 pts in 24 h
  • Above -0.1% 99%
  • Above 0.1% 95%
  • Above 0.2% 66%
  • Above 0.3% 14%
Above 0.2%, last 16 days
October Inflation US - Annual Polymarket · settles Nov 11 · $6.0k bet in 24 h Consumer Price Index out Nov 10
94% 3.7% ▲ 5 pts in 24 h
  • 3.7% ▲5 94%
  • 3.3% <1%
  • 3.4% <1%
  • ≤3.2% <1%
3.7%, last 16 days
Core CPI YoY - October 2026 Polymarket · settles Nov 11 · $3.0k bet in 24 h Consumer Price Index out Nov 10
90% 2.6% ▲ 3 pts in 24 h
  • 2.6% ▲3 90%
  • 2.5% ▲5 8%
  • 2.7% ▼9 <1%
2.6%, last 16 days
Fed Decision in December? Polymarket · settles Dec 9 · $169.4k bet in 24 h
76% 25 bps increase
  • 25 bps increase 76%
  • No change ▲1 22%
  • 50+ bps decrease <1%
  • 25 bps decrease <1%
  • 1 more1%
25 bps increase, last 16 days
Fed decision in Dec 2026? Kalshi · settles Dec 9 · $31.0k bet in 24 h
77% Hike 25bps
  • Hike 25bps 77%
  • Fed maintains rate 23%
Hike 25bps, last 16 days
How many Fed rate cuts in 2026? Polymarket · settles Jan 1 · $30.6k bet in 24 h
98% 0 (0 bps)
  • 0 (0 bps) 98%
  • 2 (50 bps) <1%
  • 1 (25 bps) <1%
  • 4 (100 bps) <1%
0 (0 bps), last 16 days

How bitcoin moved around the last releases i

Moved before and after Nov 6, 2026
Employment Situation · October figures
$77,2177 days before
-1.8%
$75,801day before
-1.5%
$74,6662 days after

Bitcoin fell both while waiting and once the figure was out.

Moved on the release Oct 29, 2026
Personal Income and Outlays · September figures
Gross Domestic Product · Q3 2026, first estimate
$81,2147 days before
0.0%
$81,241day before
-4.7%
$77,4492 days after

Little happened while waiting. Bitcoin fell once the figure was out.

Moved on the release Oct 14, 2026
Consumer Price Index · September figures
$83,2967 days before
-0.1%
$83,180day before
-1.9%
$81,5612 days after

Little happened while waiting. Bitcoin fell once the figure was out.

Moved on the release Oct 2, 2026
Employment Situation · September figures
$84,0707 days before
+0.9%
$84,824day before
+2.2%
$86,6742 days after

Little happened while waiting. Bitcoin rose once the figure was out.

Moved before the release Sep 30, 2026
Personal Income and Outlays · August figures
$86,1837 days before
-2.9%
$83,659day before
+1.0%
$84,5102 days after

Bitcoin fell in the week the date was already known; the figure itself added little.