Bitcoin Gains 10% After Report Showed US Consumer Prices Rose Slower Than Expected in October

While bitcoin is having only a modest rally, equity futures are soaring on thoughts the inflation slowdown might mean the Fed’s tightening cycle could be over sooner than previously feared. Nasdaq futures are higher by just shy of 4% and S&P 500 futures are ahead 3%. Bond markets are in rally mode as well, with the 10-year Treasury yield down a big 21 basis points to 3.93%.