Why is Bitcoin down today? Check the double blow: inflation, liquidations

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[Bitcoin turns to dust] eranicle The Bitcoin (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) price fell ~2.51% to ~$73,386 at the time of writing on Tuesday, with 24-hour trading volume reaching $26.81B. The decline extended its losses to nearly 5% over the past week and about 12% over the past month, as renewed inflation concerns and rising interest rate expectations weighed on risk appetite. One of the main reasons behind today's Bitcoin price drop [https://seekingalpha.com/article/4965216-bitcoin-struggles-below-75000-institutional-selling-pressure-persists] was the October CPI report. U.S. inflation rose 0.4% M/M, above economists' expectations of 0.3%. Core CPI [https://seekingalpha.