Crypto Market This Week: CPI, PPI and Bitcoin’s $80K Test
Photo: ETHNews
US CPI and PPI data land on Wednesday and Thursday, two weeks before the next Fed meeting. Bitcoin trades near $83,000, with on-chain data pointing to $80,000 as the first support zone. Altcoins lost more than Bitcoin over the past week and Bitcoin dominance climbed back to 59.6%. Futures markets see a Fed pause in October as more likely than a second rate hike. Crypto markets enter the week of October 12 with Bitcoin holding near $83,000 and most large altcoins down between 5% and 10% over seven days.
Also reported by Cryptopress.
Source: ETHNews
