Bitcoin slips before U.S. inflation report as traders price in Fed rate increase

Bitcoin traded lower ahead of the U.S. inflation report as traders priced in another Federal Reserve rate increase, with Fed Governor Waller backing a December tightening even if inflation cools. Falling oil prices offered partial relief, while Anthropic withdrew its IPO pricing details. The setup matters because a hot inflation print could cement the case for further tightening and pressure risk assets including crypto. Traders will watch the inflation data and Fed commentary for direction on whether the December hike remains fully priced.