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Bitcoin falls below $82,000 on inflation data

Original: Bitcoin drops below $82,000 as inflation data raises rate hike fears Bitcoin fell below $82,000 after September core CPI

Bitcoin dropped below $82,000 after September US core CPI rose 0.3%, hotter than markets wanted. The inflation reading renewed concerns that the Federal Reserve could raise interest rates rather than cut them, weighing on risk assets. Traders sold cryptocurrencies alongside stocks, with bitcoin leading the decline as investors reassessed expectations for monetary policy in the coming months.

Why now: Fresh US inflation data reignited fears of Federal Reserve rate hikes, hitting risk assets like bitcoin.

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Evidence

• Bitcoin drops below $82,000 as inflation data raises rate hike fears Bitcoin fell below $82,000 after September core CPI rose 0.3%, renewing concerns the Federal Reserve may raise interest rates. https:// newisty.com/blog/bitcoin-drops… · newisty

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