US Inflation Shock Sends Crypto Stocks Lower as Market Fears Grow

TL;DR US inflation climbed to 3.7% annually in September, while monthly CPI rose 0.6%, putting renewed pressure on financial markets. Crypto-linked stocks suffered significant losses, with IREN falling 12.1%, American Bitcoin dropping 11.43%, Robinhood sliding 8.73%, and Strategy declining 6.41%. Rising energy costs added uncertainty to the interest rate outlook, although Bitcoin and other digital ... Read more

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