November's consumer price index showed signs of cooling, declining to 3.4% year-over-year after October's hotter-than-anticipated 3.8% reading. The monthly inflation rate came in flat, suggesting some stabilization in price pressures.

For crypto investors, this inflation trajectory matters. When CPI moderates, it typically eases expectations around central bank rate hikes—a dynamic that historically correlates with risk-asset performance. The shift from 3.8% to 3.4% signals the inflation narrative may be shifting, which could influence both macro hedging strategies and digital asset allocation decisions in the quarters ahead.