✉news BusinessCrypto first seen 4 d ago, last 3 d ago, peak #5
Hot US inflation print sends bitcoin sharply lower
Original: U.S. September CPI comes in hot, sending bitcoin sharply lower
The US September Consumer Price Index came in hotter than expected, triggering an immediate risk-off reaction in financial markets. Bitcoin fell sharply on the news, with traders pricing in a more aggressive Federal Reserve stance on interest rates. Higher-than-expected inflation reduces the odds of near-term rate cuts, weighing on risk assets including cryptocurrencies.
Why now: Higher-than-expected US inflation data has raised expectations that the Federal Reserve will keep rates elevated, hitting risk assets like bitcoin.
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