Wintermute sets Bitcoin support at $82,500, warns major volatility ahead of Fed decision

US inflationary pressures have shaken traditional markets, but Bitcoin remains steady for now as the digital asset market braces for heightened volatility in the days ahead. US inflation accelerated to 3.7%, with a 0.3% monthly rise in the core index, signaling that rising energy prices are now affecting broader inflation measures. This unfavorable data triggered a 5.52% drop in the Nasdaq technology index. In reaction, investors turned to safer assets, with Brent crude gaining 5.00% and US government bonds rising 2.65% in value. The spillover of macroeconomic fears impacted crypto assets, as capital swiftly moved away from riskier options.

Source: CoinTurk News