Cointelegraph· Cointelegraph by William Suberg·· 17d ago
Bitcoin falls below $82K following higher US CPI print driven by oil prices
Original source: CointelegraphRead original
AI brief
Bitcoin (BTC) dropped to $81,926 after US September CPI inflation reached 3.7%, exceeding the 3.6% expectation. Fuel-price increases, largely due to Middle East conflict and oil-supply crisis, accounted for 9.1% of the year-on-year gain. Concurrently, US bond yields spiked to 5.329% (10-year yield), gold fell to $4,079 per ounce, and CME Group's FedWatch Tool showed market expectations shifting toward a 25-basis-point interest-rate hike at the Oct. 28 meeting (53.7% probability).
Source: Cointelegraph · cointelegraph.com