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Bitcoin falls below $82,000 after hot US inflation data

Original: Bitcoin slips under $82k as hot CPI data fuels an uptick in Fed rate hike bets

Bitcoin dropped below $82,000 after a hotter-than-expected US consumer price inflation report strengthened expectations that the Federal Reserve could raise interest rates. Traders moved out of riskier assets including cryptocurrencies on the news, with analysts watching whether further inflation surprises could deepen the sell-off in coming sessions.

Why now: A surprise CPI print revived Fed rate hike bets, hitting risk assets like crypto.

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• Bitcoin slips under $82k as hot CPI data fuels an uptick in Fed rate hike bets · Investing.com

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