Crypto: US Dollar Hits 18-Month High Ahead of Key CPI Report

The US dollar is returning to levels it hasn't seen in 18 months. The DXY hovers around 102.2 after starting from about 98.8 in early September. For crypto, the timing is bad: the United States will release their September CPI on October 14, just two weeks before the Fed's next decision. Bitcoin had resisted the dollar's rise in September. It must now do so again.

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