Bitcoin Crashes Below $83K as CPI Shock Sparks Fed Panic

16m ago•

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bearish:

A giant Bitcoin crashes through the $83,000 threshold in a trading room shaken by U.S. inflation.

Bitcoin falls below 83,000 dollars this Wednesday, October 14, following a higher-than-expected U.S. inflation release. The CPI reaches 3.7% year-on-year in September, versus 3.6% expected. Core inflation also rises to 2.6%. Investors now fear further interest rate hikes by the U.S. Federal Reserve, while the crypto market is already struggling to regain momentum.

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16m ago•

Cointribune

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bearish: