Bitcoin falls to $81,900 as hot US CPI revives Fed rate hike bets
Bitcoin dropped 2.02% to $81,886 after a hotter-than-expected US September CPI report, while total crypto market value fell 4.25% to $2.773 trillion.
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Bitcoin dropped 2.02% to $81,886 after a hotter-than-expected US September CPI report, while total crypto market value fell 4.25% to $2.773 trillion.
Bitcoin traded at $83,325, up 2.3% in 24 hours, as Strive raised more cash for bitcoin, Ledger paused Asian sales and Fear & Greed rose to 62.
Bitcoin rose 1.03% to $83,369 after dipping near $81,000, as US stocks shrugged off a Korea tech rout and traders looked to Wednesday's CPI data.
Bitcoin traded at $82,648, down 1.44% in 24 hours, as Fear & Greed fell to 57 from 69 and Cardano and Solana led altcoin losses of up to 6.7%.
Bitcoin fell 1.49% to $82,345 as oil rose on Ukraine and Iran strikes, Solana and XRP lost 3.5%, and traders turned to this week's US CPI data.
Bitcoin rose 1.06% to $83,776 as Fear & Greed climbed to 69, while October ETF outflows reached $386.3 million and Ledger's tampering case spread to Europe.
The dollar rose and US yields jumped after September CPI hit 3.7% against 3.6% expected, with core at 2.6%, reviving Fed rate hike fears across FX markets.
US September CPI came in at 3.7% against 3.6% expected and the dollar jumped. We use the release to explain data surprises, actual vs forecast, for new traders.
The dollar fell against every major as Fed's Williams saw no 2027 hike, while the yen lagged on BoJ reports and traders awaited US CPI.
The dollar fell against every major as Fed's Williams cooled hike bets before US CPI. We use the move to explain the Consumer Price Index for new forex traders.
The dollar index slipped from an 18-month high as oil eased and yields fell, while sterling gained on BoE hike bets ahead of Wednesday's US inflation data.
GBP/USD's ECB fixing rose 0.08% to 1.3246 as BoE hike bets lifted sterling. We use the move to explain base and quote currency for new forex traders.
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