Bitcoin Fell to About $81,500 as Saylor Backed a Bull Market
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Bitcoin (BTC) fell to about $81,500 on Oct. 14 before recovering, as September inflation data renewed concern about interest rates and came a day after Strategy Executive Chairman Michael Saylor described the market as entering a bull phase. The Consumer Price Index rose 3.7% over the 12 months through September, compared with 3.4% in August. Prices increased 0.6% from the previous month, while the index excluding food and energy was up 2.6% year over year. The figures raised concern that borrowing costs could stay elevated, putting pressure on risk-sensitive assets.
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