U.S. Inflation and Nominal Retail Sales Weigh on Bitcoin (BTC)
Photo: TokenPost
Bitcoin (BTC) fell this week as firmer U.S. inflation and spending data prompted traders to reassess the Federal Reserve's rate path. Global digital asset investment products recorded $434 million in outflows as traders reassessed the Fed's rate path. The Consumer Price Index rose 0.6% in September from the prior month and 3.7% from a year earlier, above the 3.6% consensus. Core inflation, excluding food and energy, increased 0.3% monthly and 2.6% annually. Gasoline prices climbed 9.1%, accounting for around half of the monthly rise in the overall index.
Source: TokenPost
