Friday, October 16, 2026Daily EditionIndependent journalism
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Bitcoin outflows rise as resilient US economy complicates Fed policy: CoinShares

Image: Crypto Briefing

Hotter-than-expected CPI and strong retail sales pushed investors out of crypto funds and revived talk of a Fed rate hike Crypto investment funds just had a rough week, and the culprit wasn’t a hack or an exchange collapse. It was a spreadsheet from the US government. Global digital asset investment products saw $434 million in net outflows for the week, according to a CoinShares report published October 16, 2026. The selling followed a pair of US economic releases that came in hotter than Wall Street expected: September inflation and September retail sales. Start with inflation. The US Consumer Price Index for September rose 0.6% month-over-month and 3.7% year-over-year. The consensus forecast had called for 3.6% annually. Gasoline did a lot of the heavy lifting.

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