Bitcoin Nears $80,400 as Core Inflation Tops Forecasts
Photo: TokenPost
Bitcoin (BTC) fell below $81,000 to about $80,400 on Thursday, extending a retreat from nearly $84,000 as hotter-than-expected U.S. inflation and an AI stock selloff weighed on markets. Core inflation in September reached 2.6%, above the 2.5% forecast, adding to expectations for Federal Reserve rate hikes. Nasdaq 100 futures fell 1.2% as selling in AI shares intensified. Bitcoin was down 2.6% over 24 hours, putting it near last Thursday’s low of about $80,430. It had rebounded to nearly $84,000 on Wednesday before turning lower. Losses spread across crypto markets.
Source: TokenPost
