Why Is Bitcoin Down Today? BTC Slides Below $82,000 After Hot September CPI
Photo: Blockchain Reporter
Bitcoin fell below $82,000 on Wednesday, October 14, after the U.S. Bureau of Labor Statistics reported that consumer inflation accelerated to 3.7% in September, up from 3.4% in August. The September CPI report showed prices rising 0.6% on the month, led by a 9.1% jump in gasoline, and the hotter-than-expected reading cooled expectations for near-term Federal Reserve rate cuts, weighing on risk assets. Bitcoin traded near $81,850, down roughly 2.3% over the prior 24 hours, according to CoinMarketCap data.
Source: Blockchain Reporter
