Why Is Crypto Down? Hotter CPI Fuels Fears of Delayed Fed Rate Cuts
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Why is crypto down? Bitcoin fell by 4% over 24 hours, while Ethereum lost about 6.5% as hotter U.S. inflation and a technology sell-off put pressure on risk assets. The comparison sharpens a familiar market question: when rates and funding costs move back into focus, does Bitcoin trade more like a high-beta asset than a hedge? September’s Consumer Price Index rose 0.6% from the previous month and 3.7% year over year. Core CPI, which excludes food and energy, increased 0.3% monthly and 2.6% annually, while gasoline prices jumped 9.1% and accounted for more than half of the headline monthly gain. The readings put a possible Federal Reserve hike back on traders’ radar ahead of the October 27–28 meeting.
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