Bitcoin stays above $83,000 as traders await U.S. CPI data

Bitcoin traded around $83,450 after briefly spiking to $84,000, while altcoins lagged; the CoinDesk 80 fell 0.6% since midnight UTC, with DeFi tokens being the weakest sector. Traders are focused on the U.S. CPI, which economists polled by Dow Jones estimate quickened to 3.6% from 3.4%, ahead of the Fed’s Oct. 28 decision. New York Fed President John Williams said he saw no need for rate increases in 2027, though he left open the possibility of one more this year. Derivatives activity is cooling, with 24-hour crypto futures volume falling 26% to $156.79 billion, and cumulative open interest dropping to $140 billion.