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Bitcoin Falls Below $82,000 on Hot US Inflation Data

Original: Bitcoin Drops Below $82,000 as Hot US Inflation Data Spikes Bond Yields Bitcoin fell below $82,000 after US September CP

Bitcoin dropped below $82,000 after US September CPI inflation came in at 3.7%, above expectations. The hotter-than-expected reading pushed bond yields toward 24-year highs, dampening appetite for risk assets including cryptocurrencies. Traders are watching whether further inflation surprises could deepen the sell-off.

Why now: Higher-than-expected US inflation lifted bond yields, hitting risk assets like Bitcoin hard.

BitcoinUS CPIFederal Reserve

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Evidence

• Bitcoin Drops Below $82,000 as Hot US Inflation Data Spikes Bond Yields Bitcoin fell below $82,000 after US September CPI came in at 3.7%, above expectations, pushing bond yields toward 24-year highs and cooling risk assets. https:// newisty.com/blog/bitcoin-drops… · newisty

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