Bitcoin falls below $82K after US inflation tops 3.6% forecast

Gasoline prices surged 9.1%, driving over half of the monthly CPI increase. Higher inflation revived fears of an October Fed rate hike, pressuring stocks, bonds and gold. Consumer prices in the US came in higher than expected in September, pushing Bitcoin down by roughly $1,000 to $82,800 and stoking fears that the Federal Reserve may consider hiking interest rates once again at its upcoming monetary policy meeting in late October. According to the Bureau of Labor Statistics, the annual rate of inflation amounted to 3.7% in September, compared to 3.4% in August.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Cryptopolitan.