✉news BusinessCrypto first seen 2 d ago, last 2 d ago, peak #27
Bitcoin falls to one-month low of $80k on hot US inflation
Original: Bitcoin drops to one-month low of $80k as hot U.S. CPI spurs rate hike bets
Bitcoin dropped to a one-month low near $80,000 after US inflation data came in hotter than expected, prompting bets that the Federal Reserve may raise interest rates rather than cut them. Traders sold riskier assets including crypto, and analysts say tighter monetary policy expectations are weighing on the market, with investors watching upcoming Fed decisions for direction.
Why now: The hotter-than-expected US CPI report has fueled rate hike bets, pushing investors away from risk assets like Bitcoin.
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