<ul><li>The US CPI data for October is expected to report a 2.6% inflation spike, up from 2.4% in September.</li><li>The anticipation of higher inflation causes a 1.15% dip in the global crypto market, dropping to $2.91 trillion.</li><li>Bitcoin and other digital assets faced a brief drop as the expected inflation rise triggered investor caution.</li><li>Big banks are forecasting a 2.5% to 2.6% CPI increase, and any number above expectations could dampen hopes for a rate cut in December.</li></ul>

October CPI Data Expected to Show Inflation Spike

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