Hot U.S. Data Weighs on Near-Term Outlook for Bitcoin (BTC)
Photo: TokenPost
Bitcoin faced fresh macro pressure after the annual U.S. CPI rate exceeded expectations and retail sales beat estimates, while global digital asset investment products saw $434 million in outflows so far that week as of Oct. 16. September’s CPI rose 3.7% from a year earlier, above the 3.6% forecast for the annual rate, and climbed 0.6% from August. Core CPI increased 0.3% month over month. Retail sales rose 0.8%, compared with an estimate of roughly 0.3%. The releases prompted markets to reassess the Federal Reserve’s interest-rate path. In an Oct.
Source: TokenPost
