The US October producer price index (PPI) is due today, November 13, at 13:30 UTC (8:30 a.m. ET). It arrives as bitcoin has fallen below $70,000, the US dollar has climbed to its highest level since April 2025 and 10-year Treasury yields have risen above 5%.The PPI is the last major inflation report before the Federal Reserve’s December 8–9 meeting, where markets expect a rate hike. Traders will be watching whether it supports a quarter-point move or a larger half-point one.What Economists ExpectMeasureSeptember (actual)October (forecast)Headline PPI, month over month+1.3%+0.4%Headline PPI, year over year6.3%6.6%Core PPI, month over month+0.7%+0.3%Core PPI, year over year5.0%—Source: Dow Jones consensusMonthly producer price growth is expected to slow sharply from September, when energy prices jumped 10.8% and drove about half of the rise. Even so, the annual rate is forecast to climb to 6.6%, its highest since 2022, because of a base effect: prices barely rose in October 2025, so a moderate increase this October lifts the yearly figure.Why PPI Matters to the FedProducer prices measure what businesses receive for goods and services, and they feed into the Fed’s preferred inflation gauge, the core PCE price index. Economists estimate October core PCE rose about 0.4%, and today’s PPI could change that estimate.The data follows a hotter-than-expected consumer price report on Tuesday, when headline CPI rose 0.4% and core CPI 0.3%. That core reading met the threshold Fed Governor Christopher Waller set for considering a 50 basis point hike. CME FedWatch showed about a 90% chance of a quarter-point December hike as of November 11, with the rest on a larger move.Bitcoin Falls Below $70,000Bitcoin fell to around $69,000 early Friday, down more than 6% in 24 hours, after touching a low of $67,922, according to CoinGecko data. That breaks the $72,000–$73,200 support zone near its 200-day moving average that analysts were watching earlier this week. Ether fell 5.2% to about $1,942 and BNB fell 5.9% to around $634.More than $1.3 billion in crypto futures positions were liquidated over 24 hours, mostly bets on rising prices, according to CoinGlass data. About $677 million of that was in bitcoin.ETF outflows have added to the pressure. BlackRock’s IBIT has lost more than $2 billion over nine straight sessions, and all US spot bitcoin ETFs together have lost about $1.44 billion over five sessions. The Crypto Fear and Greed Index fell to 20, “extreme fear,” its lowest since July 8.Dollar and Yields ClimbThe Dollar Index rose above 103, its highest since April 2025, according to CoinDesk, up from about 102 on Wednesday. The 10-year Treasury yield has risen above 5%, according to 10x Research, from 4.86% a week ago.A stronger dollar and higher yields tend to weigh on bitcoin. Higher yields make cash and bonds more attractive compared with assets that pay no income, and a rising dollar typically tightens global financial conditions. Both moves reflect expectations that the Fed will keep raising rates.How Markets Could ReactThese are typical market reactions, not forecasts:Hotter than forecast: a headline above 0.4% or core above 0.3% could strengthen bets on a 50 basis point hike, push the dollar and yields higher, and add pressure on bitcoin and tech stocks.In line: a quarter-point December hike stays the base case, and attention shifts to core PCE data and whether stock markets steady.Cooler than forecast: a softer reading could trim bets on a larger hike and ease the dollar, giving risk assets some relief after a heavy week.

DeFi researcher Ignas said Bitcoin is facing a crisis of confidence rather than merely a price decline. According to Odaily, Ignas said Bitcoin’s store-of-value (SoV) narrative is closely tied to its price, and continued declines are weakening belief in that narrative. Many investors had viewed $58,000 as the market bottom, but Bitcoin failed to rebound while AI stocks recovered first, further hurting sentiment and redirecting dip-buying funds toward AI stocks rather than crypto. Ignas said the crypto community, which previously voiced strong optimism during Bitcoin downturns, has grown unusually quiet, and some early Bitcoin believers have started buying ZEC or PRL as hedges. Stablecoin outflows and the possibility that Strategy could be removed from MSCI indexes have added to market concerns. Some altcoins have held up better than Bitcoin, but Bitcoin’s weakness continues to weigh on the broader market.

中国贸易顺差和净结汇的支撑仍在，2027年人民币汇率走势更趋双向震荡，三种情景决定方向。

黄仁勋被罢免不是AI泡沫的终结，而是科技企业与政治权力重新捆绑的代价。

黄仁勋辞职不到24小时，英伟达内部先炸了：1600多条留言、数百人联名请愿要求他复职，董事会则被要求集体下课。

英伟达把信用注入整条AI产业链，看似更强也更脆弱。用杨小凯的分工理论看，黄仁勋做的是一次治理模式的选择。

24家公司中恰好一半的业绩与首日价格方向不同，财报过线不代表市场愿意给出更高价格。

2026年11月12日，黄仁勋正式辞去CEO等职务，结束长达33年的公司领导生涯。英伟达股价大幅波动，美股AI产业链及加密市场也受到波及，没有了黄仁勋的英伟达将何去何从？

没有万能的资产，只有不同的角色分工：美债是工资，黄金是保险，BTC是期权。

黄仁勋辞职后，英伟达第一次有了董事长。CFO克雷斯临时接棒，哈维·琼斯主持董事会，这家公司正在脱下创始人的皮夹克。

彭博社还原黄仁勋辞职前最后几小时：他精神崩溃、自责“我是个烂人”，董事会连夜会议决定要求其辞职。

中国在全球机器人竞赛中处于什么位置、竞争优势在哪里，更重要的是，可投资的空白在哪里