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Bitcoin slides to $81,000 after hot US inflation print

Original: Bitcoin falls to $81k as hot U.S. CPI spurs rate hike bets

Bitcoin dropped to around $81,000 after a hotter-than-expected US CPI report fueled expectations that the Federal Reserve may raise interest rates rather than cut them. Tighter monetary policy typically weighs on risk assets, and cryptocurrencies sold off alongside equities as traders repriced their rate outlooks.

Why now: A hotter-than-expected US inflation report revived rate hike bets, pressuring risk assets including bitcoin.

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• Bitcoin falls to $81k as hot U.S. CPI spurs rate hike bets · Investing.com

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