Hot U.S. CPI Sends Bitcoin Lower as Rate Hike Fears Return

TL;DR September CPI rose 3.7% year over year, above the 3.6% forecast, while core inflation also exceeded expectations and Bitcoin fell about $1,000. The hotter inflation print pushed Treasury yields higher and revived concern the Federal Reserve could raise rates in October instead of waiting until December. CoinMarketCap later showed Bitcoin near $82,903, with a ... Read more

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