Bitcoin Stayed in a 28-Day Range Through Oct. 19 as Inflation Rose
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Bitcoin (BTC) remained within the range of its Sept. 21 candle for 28 days through Oct. 19, a period of low volatility ahead of the Federal Reserve’s next policy meeting. The Consumer Price Index rose 0.6% in September from August and 3.7% from a year earlier, up from a 3.4% annual increase in August. Prices excluding food and energy rose 0.3% month over month. The Nasdaq Composite closed at 26,140.03 on Oct. 16, down 4.48% from its Oct. 9 close of 27,366.17. The Federal Open Market Committee meets Oct. 27-28. Its policy statement is scheduled for 2 p.m. ET (18:00 UTC) on Oct. 28. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
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